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NBFC COVID IMPACT
NBFCs, HFCs see improvement in asset quality in Q4 FY22: ReportThe standard restructured book of NBFCs is estimated to have reduced to 2.7-3 per cent in March 2022 from the peak of 4.5 per cent in Septe...13 Jun, 2022, 06.34 PM IST- Stressed assets of NBFC-MFIs likely declined to 14 per cent as of end-March 2022: CrisilStressed assets of non-banking financial companies- microfinance institutions (NBFC-MFIs) are estimated to have declined to around 14 per c...30 May, 2022, 05.02 PM IST
- NBFC-retail's asset under management likely to grow 8-10 pc in FY2023: ReportThe agency's Vice-President (Financial Sector Ratings) Manushree Saggar said that within the NBFC-retail segment, personal credit, microfin...14 Mar, 2022, 05.51 PM IST
- Raise provisions for Omicron hit: Auditors to NBFCsAuditors have started asking NBFCs to increase provisioning in the third and fourth quarters, with provisions rising 5 per cent-15 per cent.08 Dec, 2021, 04.35 PM IST
- MFIs 30-plus delinquency may rise to 14-16% in June: ReportIn the absence of a loan moratorium this year, more MFIs are likely to opt for permitting restructuring under the Reserve Bank of India's (...11 Jun, 2021, 03.50 PM IST
- Do not write an obit for Indian Microfinance sector just yetMicrofinance industry has bounced back after every crisis. Similar resilience is expected from the sector post the COVID-19 crisis as well15 Feb, 2021, 09.49 AM IST
- Srei Infra nosedives 15% after company posts Rs 3,810-crore Q3 lossThe company had reported a net profit of Rs 60 crore in the year-ago period.15 Feb, 2021, 09.40 AM IST
- Infrastructure credit grew marginally to Rs 22.6 lakh crore in H1FY21, says new reportAccording to Icra's vice president and head (financial sector ratings) Manushree Saggar, the tepidness in infrastructure credit in first ha...04 Jan, 2021, 09.32 PM IST
- 42 NBFCs, housing finance companies increased their provisioning under Indian accounting: EY reportThe report noted an increase in Expected Credit Loss (ECL) allowance by 33% and an overall increase in provision coverage rate by 26% as at...14 Dec, 2020, 03.12 PM IST
- NBFCs set to lose market share to banks: Crisil“Despite an estimated GDP growth of 10% next fiscal, overall NBFC sector growth is likely to be slower because access to funding remains a ...11 Dec, 2020, 05.37 PM IST
- NBFC-MFIs to begin fresh lending only after expiry of moratoriumThe total estimated collective disbursements by NBFC-MFIs up to September could merely be Rs 2,884 crore, Microfinance Institutions Network...24 Jun, 2020, 05.55 PM IST
- Microfinance sector surges about 30% in fiscal FY20India's microfinance sector had surged about 30 percent in the fiscal FY20 with loan outstanding reaching to Rs 2.32 lakh crore before Covi...19 Jun, 2020, 12.01 PM IST
- 70% end-users do not plan to purchase a home within 12 months: Report“Longer term projects are likely to remain under stress though. About one-fifth of end-users (21%) may return to the market in 6-12 months,...16 Jun, 2020, 02.27 PM IST
- FDI in non-bank lenders needs to be explored for greater support to MSMEs: GadkariThe minister opined that strengthening of non-banking lenders or NBFCs, state cooperative banks, district cooperative banks, credit societi...04 Jun, 2020, 09.15 PM IST
- NBFCs to be the hardest hit in the financial space due to moratorium: Yield Maximiser‘Largecap private sector banks look more promising in the financials space’12 May, 2020, 07.12 PM IST
- Hold Bajaj Finance, target price Rs 2,331: Emkay GlobalWith management’s rising focus on recoveries and managing asset quality, growth will take a back seat at least for a few quarters.08 Apr, 2020, 09.19 AM IST
- NBFCs seek more time, one-time recast of all NPAsUrge RBI, finmin to relax timeline to 270 days, suspend classification of NPAs for 2 months.21 Mar, 2020, 09.59 AM IST
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