Page 18 of NBFC

Currently, there are as many as 39 NBFC-MFIs (Non-Banking Financial Companies-Microfinance Institutions) in the state.

Non-bank microfinance institutions seek lenders’ meet on extension of loan moratorium

“Collections have been impacted in flood-affected areas as microfinance officials are not able to collect repayment collections from the borrowers.…

July 1, 2022 03:15 IST

To examine the impact of credit risk shocks to the sector, the RBI created a sample of 155 NBFCs and tested the risks at baseline and stress scenarios.

NBFCs less likely to face capital adequacy shocks: RBI

In the baseline scenario, gross non-performing assets of the NBFC sector is likely to increase to 6.73%, following which the…

July 1, 2022 00:45 IST

Post prepaid ban, NBFCs, fintech may bank on credit cards

New-age players have their doubts about how comfortable the regulator will be in letting them enter the credit card market.

June 28, 2022 06:00 IST

RBI draws the line: Fintechs must innovate without resorting to regulatory arbitrage

Experts have pointed out that there is a thin line between an underlying credit line available on a credit card…

June 27, 2022 03:00 IST

Microfinance gross loan portfolio grows 10% to Rs 2,85,441 crore as of March 2022: MFIN

MFIN is an industry association of 58 NBFC-MFIs and 39 associates, including banks, Small Finance Banks (SFBs) and Non-Banking Financial…

June 15, 2022 21:00 IST

Other segments such as vehicle finance and MSME financing typically have fixed-rate loans, so only new loans would be charged at higher interest rates.

NBFC borrowing costs seen rising 85-105 bps: Crisil

NBFCs are likely to face borrowing cost of 7.2%-7.4% in FY23, compared to 6.4% last year. However, the borrowing cost…

June 15, 2022 03:00 IST

In home loans, constituting 35-40 per cent of Assets Under Management (AUM), NBFCs should be able to pass on the higher rates to both existing and new clients since lending rates here are primarily floating in nature, the report said.

NBFCs to see Rs 18 lakh crore loans getting repriced in FY23: Crisil

“Our study shows increases or decreases in MCLR over the past five fiscals have not kept pace with the changes…

June 14, 2022 17:56 IST

“Therefore, we took a conscious decision to steadily withdraw from the price war, notwithstanding its short-term impact on growth. However, going forward, we see this as a temporary or passing phase because of unhealthy competition,” he said.

Lenders go slow on gold loans amid intense competition

With competitive intensity rising, NBFCs turned to market strategies that prioritised growth over margins.

June 14, 2022 02:30 IST

Reserve Bank of India comes out with provisioning norms for large NBFCs

As per the scale-based regulation for NBFCs, the four layers are Base Layer, Middle Layer, Upper Layer, and Top Layer.

June 6, 2022 19:26 IST

RBI’s red flag for NBFCs: Shadow banks face tighter supervision

The review of the supervisory architecture will follow a year of regulatory revamp for NBFCs.

May 28, 2022 03:30 IST

“The CoR of the above mentioned NBFCs have been cancelled on account of violation of RBI guidelines on outsourcing and Fair Practices Code in their digital lending operations undertaken through third party apps which was considered detrimental to public interest,” the RBI said.

RBI cancels licences of five NBFCs citing irregular lending practices

Wednesday’s notification is the second major instance of regulatory action against app-based lenders after allegations of usurious and abusive practices…

May 26, 2022 06:30 IST

Some green shoots of recovery are emerging in construction, exports, commodities and consumption services as the normalcy of economic activities in these sectors are restored.

MSMEs: Back to the grind, but not out of the woods

The optimism sounded by some needs a check; the projected revenue growth in Fy22 is over a low base, and…

May 19, 2022 03:00 IST

Financial institutions, including NBFCs, are also taking the mission forward by addressing some of the key challenges related to financial services for the under-banked and under-served populations.

Fintech-NBFC ties can boost inclusion

This will help in bringing the under-served population into the fold of mainline financial services, apart from widening the credit…

May 18, 2022 03:30 IST

Addressing his maiden press conference after taking over as the CII chief, Bajaj said the prospect of a normal monsoon season and the central bank’s move to hike the benchmark lending rate will help curb retail inflation, which “should put us in a better place” by the second half of this fiscal.

Allow large NBFCs to offer full banking services: CII chief

While India has only about 500-600 banks, including the regional rural ones, the US has a network of some 26,000…

May 17, 2022 05:30 IST

As banks are much better-informed than the public, there is a belief that NBFCs need not be regulated as strictly as banks. Light regulation helps them innovate.

Bridging regulatory gaps for NBFCs

RBI did well to make scale the basis of NBFC regulation than type; this will allow the base layer, as…

May 17, 2022 03:45 IST

"To ensure continuation of the synergies that have been developed between banks and NBFCs in delivering credit to the specified priority sectors, it has been decided to allow the… facility on an on-going basis," RBI said in a circular.

Banks can continue providing credit to NBFCs for on-lending to priority sectors: RBI

The facility of lending by commercial banks to NBFCs and lending by Small Finance Banks (SFBs) to NBFC-MFIs, for the…

May 13, 2022 18:39 IST

While the Gujarat HC had in 2011 held NBFCs would not fall under the purview of the Bombay Money Lenders Act, as applicable in the state, the Kerala High Court had given contrary findings, holding that the money-lending laws of the state were applicable.

Supreme Court upholds RBI remit over NBFCs, says state laws won’t apply

The SC said that while the state enactments regulating the business of money-lending has a one-eyed focus only to protect…

May 11, 2022 04:50 IST

NBFCs seek staggered migration to new norms

Industry executives FE spoke to said companies are seeking some relaxations in implementation and additions to the guidelines in order…

April 30, 2022 05:30 IST

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