Why Emkay is seeing Nifty at 29,000 by March 2027 despite oil shock, West Asia tensionsEmkay Global maintains a bullish outlook on Indian equities, projecting the Nifty could reach 29,000 by March 2027, driven by strong domest...
OnEMI Technology Solutions IPO Day 3: Issue subscribed 9.5 times as on final day. Check GMP, other detailsThe Rs 926 crore IPO of OnEMI Technology Solutions has seen moderate demand so far, with overall subscription at 60% by Day 2. Interest is ...
OnEMI Technology Solutions IPO Day 2: Subscribed 27% so far, GMP at 2% and other key detailsOnEMI Technology Solutions’ Rs 926 crore IPO saw 27% subscription on Day 2, with QIBs leading demand. GMP remains modest at 2%, indicating ...
SBI cards sells Rs 1,800-crore bad loans to Integro FinservSBI Cards has taken a bold step in fortifying its financial health by offloading a considerable portion of its stressed credit card debt, v...
Beyond KYC: Why digital trust needs real-time intelligenceAshok Hariharan of IDfy argues that digital trust must evolve beyond one-time KYC to continuous, intelligence-led risk assessment across th...
More pain for microfinance sector, sticky loans jump to all time high of Rs 42,300 crDespite a sizeable sheet cleansing by large microfinance institutions (NBFC-MFIs) and small finance banks in the third quarter of this fisc...
Revised norms led to spike in NBFC NPAs in Q3, will moderate going forward: CrisilThe GNPAs for the NBFCs (non-banking finance companies) are, however, expected to reduce going ahead as the players have bolstered their co...
RBI rejects NBFCs' plea to relax prudential asset quality normsThe central bank told the NBFC lobby group Finance Industry Development Council (FIDC) that it intends to impose uniform prudential asset q...
RBI lays down dividend payment criteria for NBFCsThese guidelines follow draft norms issued by the central bank in December 2020.
NBFC collections fall, NPAs to rise due to lockdowns: ICRANBFCs with exposure to sectors like microfinance, rural/semi-urban borrowers with small-ticket (SME, vehicle loans) and unsecured loans whi...
Retail asset quality shows stress signsAuto loan NPAs have increased six basis points to 1.16 per cent from 1.10 per cent in June 2019.
Incentivise AIFs for India’s capital needsWhile the narrative so far has been focused on FPIs, AIF industry has grown by leaps and bounds.
NBFC profits have been IIFL growth driver: Prabodh AgarwalOverall assets have grown by 40% year-on-year and 8% on quarter-on-quarter., says IIFL group CFO
Focussed business like wholesale, housing and invest have done well: Dinanath Dubhashi, L&T FinanceStrategy has been slowly and surely implemented during the years so four things have happened which have led to this profit growth.
CII suggests action plan for revival of NBFCsCII has suggested a five-point agenda to breathe life into the country's NBFCs, which are grappling with a steep rise in NPAs and slow grow...
- IIFL's growth primarily driven by NBFC businesss: R Venkataraman, IIFL
Going ahead our book will continue to grow because individual segments are doing well: R Venkataraman, IIFL
- New classification norms for NBFC NPAs opposed
Under the existing norms, an unsecured asset overdue beyond 90 days and a secured asset overdue beyond 180 days are treated as NPAs.