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NBFC LICENCE IMPACT
Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...- Eternal Q4 pops; Snabbit's new war chestZomato and Blinkit parent Eternal reported strong numbers for the March quarter. This and more in today's ETtech Top 5.
- MobiKwik shares jump 12% after RBI nod for NBFC licence to launch lending armShares of One MobiKwik Systems surged 12% on Monday after receiving the Reserve Bank of India's approval for an NBFC licence, enabling it t...
- India’s banking system turns sluggish amid loan recovery delays and legal hurdles: CII reportIndia's banking sector needs urgent reforms. The Confederation of Indian Industry's report highlights slow loan recovery and complex laws. ...
- Paytm Payments Bank licence cancellation: Jefferies, Bernstein and Goldman decode impactPaytm shares fell 8% after RBI cancelled Paytm Payments Bank’s licence but recovered sharply as brokerages stayed bullish. Analysts see lim...
- Paytm shares crash 8% as RBI cancels Paytm Payments Bank's banking license. What lies ahead?Shares of One 97 Communications, the driving force behind Paytm, have taken a hit following the Reserve Bank of India's unexpected move to ...
- RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upsideThe RBI has cancelled Paytm Payments Bank's license due to regulatory non-compliance, citing detrimental operations and prejudiced manageme...
- Gold loan startups find new shine; Infy Q4 profit jumpsHappy Friday! Gold loan fintechs are moving towards building their own loan books. This and more in today's ETtech Morning Dispatch.
- CreditAccess Grameen looks to scale down microfinance growth, says MD & CEO Ganesh NarayananCreditAccess Grameen, a leading NBFC-MFI, is shifting focus from microfinance to secured lending like home loans. The company aims to becom...
- No more licensed biz, Paytm to focus on distribution modelDigital payments major Paytm wants to stay away from getting into any regulated businesses and would rather focus on building distribution ...
- Uni Cards reports rise in FY23 revenue to Rs 34 crore, loss up 13%Uniorbit Technologies, which was impacted by the Reserve Bank of India's order to stop linking credit lines to prepaid cards in June 2022, ...
- Half of NBFCs which qualify for bank licence are corporate-ownedThe Reserve Bank's internal working group in its report had said that well-run NBFCs, with an asset size of above Rs 50,000 crore, includin...
- Nirmal Jain on how IIFL’s NBFC biz cracked the profit codeOur gross non-performing assets have been less than 2% in this entire period, says Jain.
- Betting on a bank licence may backfire in NBFC spaceNBFC stocks are in focus as some investors are showing interest in them in the hope that they would get a banking licence soon.
- High cost of getting bank licence will be a challenge for NBFCs: Nirmal Jain, India Infoline'They (the RBI guidelines) have been very well thought. RBI’s explanations were very detailed and clear, leaving nothing to chance.'
- Mahindra Finance not to apply for a banking licenceMahindra Finance on Monday decided not to apply for a banking licence, citing Reserve Bank of India regulations
- Mahindra Finance says not applying for bank licenceMahindras said they will not be applying for a bank licence citing "disadvantageous" and unclear norms.
- Brokerages see IDFC as front-runner for banking licenceShares of IDFC gained momentum in trade on Tuesday as sentiment turned bullish on expectations that it may get a banking licence.
- New licences will not impact margins of banks: Hemindra Hazari, Nirmal Bang Institutional Equities"If a very few bank licences are given out, which is the expectation, I really do not see the margins of banks coming down," says Hemindra ...
- Competition will intensify on new bank licence norms: Ajay Srinivasan, Aditya Birla Group"If the NBFC has a plan that is aligned with the bank, I see them accelerating that if they have an intent to get into banking," says Ajay ...
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