NBFC CREDIT CRISIS
ETRise Dialogues: How to raise money during economic uncertainty? Join panel discussion
Experts believe the best way to survive in this situation is evaluate new options of raising credit, make better use of the existing options and make practical projections.
Questions for 2020: A big NBFC collapses?
Today, the story has a different shade of grey. Even as the fear that gripped earlier is ebbing, ha...
Bank credit to industry slips 3.9% in 8 months
Bank credit to industry shrunk by 3.9%, or Rs 1.13 lakh crore, during the first eight months o...
Was India's NBFC crisis a myth or a reality?
Many termed the immediate aftermath of IL&FS as India's Lehman moment. No doubt India's NBFCs had in 2019 their worst year in a decade amid a severe and protracted struggle for funds. But when there were just two failures which the industry took in its stride without needing any bailout, what does it indicate? Was it really a Lehman-like moment?
Icra maintains negative outlook for residential realty; outlook stable for commercial segment
The performance of the residential segment continues to be muted, owing to the prevailing liquidity crunch.
Credit growth in FY'20 to touch 58-year low: Report
ICRA ratings suggest bank credit is expected to grow at 6.5-7.0% during the current fiscal ending March '20.
Banks continue to remain wary of lending to NBFCs
Banks undertake purchase of retail pools under the securitization mode to meet their priority sector and retail lending requirements. As per central bank rules, the risk and rewards of the securitization pool is to be borne by the buyer without any recourse of credit loss to the seller.
JM Financial Home Loans eyes Rs 2000 cr loan-book by FY21 with BoB pact
JM Financial Home Loans, the affordable housing focused lending arm of JM Financial Group, is eyeing a five-fold increase in loan book next fiscal with the co-lending tie-up it has entered into with Bank of Baroda.
NBFCs set to face asset quality woes
However, a majority in the once buzzing NBFC sector will continue to reel under liquidity concerns with the economic slowdown putting elevated pressure on asset quality.
ABFL becomes first NBFC to list commercial paper on bourses
ABFL listed its CPs on NSE with a value date of November 28, 2019 and maturity date on February 7, 2020.
NBFC crisis poses more bad loan risks for banks: Moody's
NBFCs have been facing liquidity crisis following the bankruptcy of IL&FS in September 2018.
Questions for 2020: Job crisis over?
The real crisis has been in the blue-collar, semi-skilled, unskilled manual labour space, including those in the rural economy, where the slowdown in the economy has made the deepest impact, starting from severe loss of mandays in the automobile sector, to marked deterioration in the construction and exports sectors, and then through the demand compression for agro-industries.
Crisis-hit NBFCs ask for refinance window
The NBFCs have also sought several tax exemptions.
ADB trims India's GDP growth forecast to 5.1% in FY20
"India's growth is now seen at a slower 5.1 per cent in fiscal year 2019-20 as the foundering of a major non-banking financial company in 2018 led to a rise in risk aversion in the financial sector and a credit crunch. Also, consumption was affected by slow job growth and rural distress aggravated by a poor harvest," Asian Development Bank said.
Government measures fail to stem slide in NBFC credit
Liquidity remains a worry for the NBFC sector; loan sanctions fall 34% in September quarter.
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