NBFCs seek setting up of permanent refinance window in Union Budget
NBFCs have sought setting up of a permanent refinance window for the sector in the Union Budget.
Create more confidence, we don’t need out-of-the-box thinking in Budget: Keki Mistry, HDFC
Keki Mistry, VC and CEO of HDFC, says confidence i...
Bajaj Finance logs best ever quarterly profit, spike in provisions: Key takeaways
The quarter was also marked by stellar growth in rural lend...
Expect a lot of growth by next festival season: Ramesh Iyer, Mahindra Finance
Ramesh Iyer, MD & VC, Mahindra Finance, says with a deeper penetration strategy, the NBFC has been able to maintain momentum of growth and has become an aggressive player in pre-owned vehicles.
Bajaj Finance Q3 results preview: Profit may rise 50-60%; watch out for commentary on Karvy issue
Sharekhan expects NII to rise 34.5 per cent to Rs 4,303 crore from Rs 3,199 crore YoY.
Look at infrastructure sector with practicality, not sympathy: Dinanath Dubhashi, L&T Finance
L&T Finance CEO Dinanath Dubhashi says data analytics and artificial intelligence is taking over the world of finance and if lenders keep sticking to old methods they will become dinosaurs.
India Inc seeks liquidity boost for NBFCs, HFCs
The CII has also sought a separate classification for systematically important NBFCs with such companies being given easier funding through External Commercial Borrowings (ECBs) and access to temporary funding from the RBI similar to the repo facility used by banks.
Plan likely to give NBFCs more lending room
India is mulling a plan akin to US' Troubled Asset Relief Program to give NBFCs some headroom to lend.
CII suggests easing of certain norms to enhance liquidity for NBFCs, HFCs
Industry body CII on Tuesday recommended easing of certain norms for enhancing liquidity for non-banking financial companies (NBFCs) and housing finance companies (HFCs).
Ujjivan SFB eyes small businesses amid retreat by NBFCs
Many Indian lenders are focusing their efforts on the lucrative retail loans’ business.
DHFL posts net loss of Rs 6,641 crore in July-September period
It had posted consolidated net profit of Rs 439.51 crore in the year-ago period.
RBI should act as lender of last resort, provide liquidity to NBFCs: SBI
In its report on Budget expectations, the economists said RBI should "seriously think" of providing liquidity to NBFCs against the assets held by the lenders. "Given the crisis of confidence in the financial markets, it is imperative that central banks don't forget their primary function of being the lender of the last resort," they said.
iQuippo digitises co-lending programmes of banks & NBFCs
The platform not only offers its customers an option to choose offers from different financial institutions; it also negotiates with them online on behalf of the financial institutions and customises offers according to their financing needs.
Stock market update: NBFC stocks mixed; Sakthi Finance tumbles 9%
IIFL Finance, Industrial Investment Trust and SRG Housing Finance were the top gainers.
Karvy case fallout: Brokers may lose power of attorney privilege
Brokers taking collateral may only get to create a pledge on shares with customer consent.
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