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UNSECURED LENDING BY NBFCS
Fuelled by lending boom, DPDzero bets big on AI-led debt recoveryAs India’s unsecured lending boom accelerates, collections are emerging as the next major battleground for fintechs and lenders.- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
- George Alexander Muthoot sees no demand slowdown, expects strong gold loan momentum to continueMuthoot Finance's gold loan growth remains robust, fueled by higher gold prices. The company observes a decline in smaller loans, with larg...
- India's gold loan market has huge potential, there's lot of idle metal: George Alexander MuthootThe rise in prices will add to the growth momentum as it will give more borrowing power to those who are pledging gold. The uncertainties w...
- Banks cede consumer durable loans to NBFCs as credit cards take over small-ticket financingBank loans for washing machines and televisions are falling. Banks are now focusing on credit cards for these purchases. Non-banking financ...
- Can you get another loan if you’re already paying EMIs? Here’s the answerYour salary is just the start for loan approval. Lenders scrutinize your income after deducting all current EMIs. This remaining amount, me...
- Microfinance sector returns to growth after 11 quarters of contraction, loan portfolio rises 5.3%The microfinance sector has turned a corner, showing growth in the January-March period. This follows a period of contraction and write-off...
- FIIs pull out another $2 billion from bank stocks. Are financials most hated now?Brokerages remain constructive on banks despite near-term headwinds. Prabhudas Lilladher flags NIM pressure, slowing retail credit and macr...
- NBFCs doing well, but Iran war, margins cloud road aheadNon-banking finance companies anticipate strong growth in the upcoming quarter. However, rising funding costs may limit profit margins. Ana...
- West Asia conflict fears could harden credit card underwriting, curb co-branded card growthIndian banks are tightening credit card rules due to global economic worries and the West Asia war. Fintech firms expect stricter underwrit...
- RBI initiates review of scale-based regulation for NBFCs amid growing systemic roleThe Reserve Bank of India is reviewing its scale-based regulation for non-bank lenders. This framework categorizes these companies by their...
- RBI moves, asset quality to push NBFCs slow down asset growth to 15 pc in FY25, FY26: CrisilRBI's regulatory actions and asset quality trends will slow down NBFCs' AUM growth to 15-17% in FY25. Stressed microfinance and unsecured l...
- Higher risk weights on unsecured loans to hit co-lending portfolio: ReportCrisil predicts a slowdown in NBFCs' co-lending portfolios in FY'25, especially in unsecured lending, due to revised risk weights. While ov...
- NBFCs must look beyond banks for source of fundsThe Reserve Bank of India (RBI) reported that non-banking financial companies (NBFCs) expanded 15% in FY23, with improved profitability and...
- RBI’s hardening cautionary stand on unsecured lending and its impact on the larger marketOn November 16, the RBI increased the risk weightages of unsecured credit for NBFCs and banks to 125% from 100% previously. This created a ...
- Fintech lenders may face the brunt of RBI’s tightening of capital norms for unsecured lendingGiven that fintechs have mostly focussed on disrupting unsecured personal loans, consumer durable loans, credit cards and gold loans throug...
- Keki Mistry on what RBI diktat on unsecured lending means for banks and NBFCs“People are still not seeing any concern or any deterioration in terms of asset quality as far as the unsecured loans are concerned. So, to...
- RBI's risk weight hike on consumer credit: Slowing the party, not ending itRBI has pulled the punch bowl from the consumer loans party. Does that mean the party has come to an end. Hardly. The music is still on and...
- 'Soaring unsecured book needs more buffers at NBFCs'The sharp surge in unsecured lending has more observers highlighting risks and advising caution. After credit bureau TransUnion Cibil flagg...
- Rating firms flag concerns over surge in unsecured loansAs per the data for large NBFCs ( assets under management or UM of Rs 10.3 lakh crore as of March 2023), the AUM grew 19% yoy in FY23, comp...
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