NBFC crisis sparks gold rush for some lenders
Cash-for-gold lenders face risks of their own. A major one is the price of the metal.
RBI’s panel suggests measures to strengthen core investment companies
The working group recommended capital contribution by CIC in a step dow...
RBI working group calls for stronger corporate governance norms in Core Investment Companies
The group has also recommended formation of boar...
Banks to face capital shortfall of Rs 3.5 lakh crore in event of systemic crisis in NBFC sector: Fitch
We assume that 30 per cent of banks' NBFC exposure becomes non-performing, said Fitch.
Droom acquires Xeraphin to bolster fintech credit business
The Sandeep Aggarwal-led auto services company has paid an estimated $3-$3.5 million to acquire the Delhi-based NBFC, which is expected to drive loan disbursals for purchasing pre-owned vehicles, and provide dealer financing under the Droom Credit business unit.
Risk of contagion in financial sector rising: S&P
The failure of any large NBFC or HFC may deliver a solvency shock to lenders, S&P has said in its report.
NBFC crisis is far from over
“NBFC crisis is having a contagious effect, and if not tackled, the situation looks scary.”
Global funds dump company bonds as credit worries persist
Overseas funds pulled Rs 2,640 crore in October, making it the 7th straight month of outflow.
Credit Saison India gets NBFC licence from RBI
The company, which operates in the country under its registered name of Kisetsu Saison Finance India, has also received $30 million from the Tokyo Stock Exchange-listed parent entity.
Two-third of my tenure as RBI governor was under BJP, Raghuram Rajan reminds Sitharaman
Raghuram Rajan, who faced a stinging attack from FM, reminded her that two-third of his tenure was under BJP.
NBFC securitisation of loans picks up as other sources of funds dry: ICRA
ICRA expects securitisation volumes to touch an all-time high in this fiscal year.
True Balance raises $23 million from a cohort of Korean investors
The company to use the proceeds to expand its loan book, bolster its technology and business-focused talent acquisition efforts across geographies.
Fresh home loans fall 6% in Q1 due to NBFC woes
According to the TransUnion Cibil report, fresh disbursement of home loans by banks and housing finance companies stood at Rs 1.2 lakh crore in the quarter ended June 2019, down 6% from Rs 1.28 lakh crore in the year-ago period.
Cox & Kings Financial gives up NBFC licence
Cox & Kings Financial Service had announced after its board meeting on September 13 that it has decided to surrender its NBFC licence.
Risk Aversion: How failed bank loans have led to a credit crisis for India's small biz
Banks, which burnt their fingers lending to mega projects, have shut tap for SMEs for no fault of theirs.
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