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NONBANKING FINANCE
Why India is no fan of buy now, pay later planThe RBI doesn’t have a problem with 90-second credit. The regulator was even willing to let nonbank finance companies, or NBFCs, retain the...- Reserve Bank of India likely to propose stricter rules for shadow banks: SourcesThe Reserve Bank began trying to move towards tighter norms for the sector after Infrastructure Leasing & Financial Services, the largest N...
- Online gold loan business is gaining traction and NBFCs want to make the most of itThe NBFCs don’t expect customers to go back to the physical gold loan format once the pandemic ends because there’s been a change in lifest...
- Small borrowers may get principal payment relief as part of one-time restructuring of loans“The intention is to restructure loans for only those borrowers who really need restructuring, but in no way do we want to be in a situatio...
- Non-AAA rated NBFCs queue up for half of the government’s Special Liquidity SchemeMany nonbank lenders including Piramal Capital, Indiabulls Consumer Finance, IIFL Home Finance and Tata Motors Finance, have applied for lo...
- FM's Rs 75,000-cr package may lower cost of funds for NBFCs, microfin companiesThe FM’s proposal to have a special fund of ₹30,000 crore and partial credit guarantee scheme worth ₹45,000 crore could ease fears that som...
- Poll: Bharti Airtel, ICICI, Infy, L&T and SBI top largecap picksWhat are the stocks money managers remain bullish on?
- India Inc seeks liquidity boost for NBFCs, HFCsThe CII has also sought a separate classification for systematically important NBFCs with such companies being given easier funding through...
- Economic revival unlikely soon: International Monetary FundFund’s chief economist Gita Gopinath stresses need for ‘important reforms’ in land acquisition and labour laws
- ‘Small-ticket’ model helps Bajaj Finance make it bigBajaj Finance is known in the nonbank lending industry for its customer-profiling algorithms.
- RBI takes control of DHFL board over governance issuesDHFL has become the first nonbank lender to be sent to the NCLT under the Insolvency and Bankruptcy Code (IBC).
- IndoStar focuses more on retail loans“We aim to move to a mix of 25 per cent corporate and 75 per cent retail early next year,” said R Sridhar, MD of IndoStar Capital.
- AB Group may shift MyUniverse platform to Aditya Birla FinanceSpeculation was that the group was uncomfortable with the growing losses at MyUniverse.
- IIFL Finance likely to raise up to Rs 1,000 crore via bondsThe bonds may be offered in early August and are aimed at diversifying the NBFC’s borrowing portfolio.
- IIFL secures Rs 3,000 cr in long-term funding from banksAccording to bankers, IIFL has been able to secure longterm funding of about Rs 3,000 crore from the government.
- Piramal Capital looks to raise $400 million via offshore loanUnder the current circumstances, any Indian company with a fair share of builder loans has to walk the extra mile to raise overseas credit.
- India's shadow-bank risks put China in the shadeThe shadow lenders are the reason why the Indian economy isn’t withering for lack of finance.
- M&M, XL Catlin join hands for general insurance business forayMahindra Finance is the nonbanking finance company of Mahindra & Mahindra.
- Sequoia capital buys shares worth Rs 50 crore in Manappuram General FinanceThe market is abuzz with talk that private equity fund Sequoia Capital has turned active in the counter of nonbanking finance company Manap...
- Right HoldingBanks must be ring-fenced from outside risk. The holding company model helps.
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