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According to RBI, between April and September, overall bank exposure to NBFCs continued to grow due to higher direct lending by banks as well as their investments in debentures.(REUTERS)

NBFCs diversify funding sources

By Shayan Ghosh | Hindustan Times, Mumbai, Mumbai
PUBLISHED ON JAN 08, 2021 12:32 AM IST
To be sure, bank borrowings continue to grow faster than those from market sources. The market, as in the case of other companies, has been more conducive for larger and well-rated non-banks.
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BharatPe was valued at $400 million in its last equity fund-raise.(Image via Twitter)
BharatPe was valued at $400 million in its last equity fund-raise.(Image via Twitter)

BharatPe to raise up to $200 million equity funding

By Tarush Bhalla | Livemint
PUBLISHED ON JAN 05, 2021 12:13 AM IST
The company will use the debt to bolster lending operations with new products and enter new retail segments.
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With specific reference to the financial sector,Shaktikanta Das highlighted the measures taken by the central bank since the onset of the pandemic to stabilise the economy and ensure financial stability(REUTERS)
With specific reference to the financial sector,Shaktikanta Das highlighted the measures taken by the central bank since the onset of the pandemic to stabilise the economy and ensure financial stability(REUTERS)

RBI governor ask banks to strengthen lending capacity by raising capital

By Press Trust of India | Posted by Ayshee Bhaduri | Mumbai
UPDATED ON DEC 23, 2020 06:34 PM IST
During a two-day meeting with heads of banks, including the private sector lenders, the governor emphasised on the need to remain vigilant and make provisions against bad loans proactively. The meetings were also attended by the RBI’s deputy governors.
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Finance minister Nirmala Sitharaman had already announced about the capital infusion proposal on November 12 while unveiling the third stimulus package, AatmaNirbhar Bharat 3.0, to boost the economy(Sanjeev Verma/HT PHOTO)
Finance minister Nirmala Sitharaman had already announced about the capital infusion proposal on November 12 while unveiling the third stimulus package, AatmaNirbhar Bharat 3.0, to boost the economy(Sanjeev Verma/HT PHOTO)

Cabinet clears Rs 6,000 cr for NIIF

By HT Correspondent | Livemint, New Delhi
UPDATED ON NOV 26, 2020 01:19 AM IST
The government would infuse Rs 6,000 crore in the NIIF debt platform in the next two years to help it raise up to Rs 1.10 lakh crore for investments, minister of information and broadcasting Prakash Javadekar said after the Cabinet meeting
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The IWG report comes not a day late. The report goes a long way in addressing lacunae built up over the years and will advance India’s journey to a $5 trillion economy by reigniting the banking sector. RBI should move quickly to act on these recommendations.(REUTERS)
The IWG report comes not a day late. The report goes a long way in addressing lacunae built up over the years and will advance India’s journey to a $5 trillion economy by reigniting the banking sector. RBI should move quickly to act on these recommendations.(REUTERS)

A breakthrough in banking reforms

UPDATED ON NOV 25, 2020 07:57 PM IST
RBI must implement its internal report allowing industrial houses to own banks, with checks
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Experts point out that the other option before RBI is to bring the large systematically NBFCs at par with banks with regard to regulatory framework.(Reuters)
Experts point out that the other option before RBI is to bring the large systematically NBFCs at par with banks with regard to regulatory framework.(Reuters)

NBFCs take lead in banking licence race

By Gopika Gopakumar | Livemint, Mumbai
UPDATED ON NOV 23, 2020 05:33 AM IST
While many NBFCs have welcomed the panel’s recommendations, experts believe that the conversion into a full service bank will depend on the incentives the move may finally bring and whether this will address the risks around financial stability.
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CCTV cameras are seen installed above the logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai.(REUTERS)
CCTV cameras are seen installed above the logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai.(REUTERS)

RBI recommends banking industry overhaul

By Reuters | Posted by Arpan Rai | Bengaluru
PUBLISHED ON NOV 20, 2020 06:59 PM IST
The proposals could also allow large non-banking finance companies and niche payment banks to convert into lenders.
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Not only has the pandemic disrupted cash flows of borrowers, it has also forced scores of people to borrow afresh from fintech lenders at a high interest rate(Reuters file photo. Representative image)
Not only has the pandemic disrupted cash flows of borrowers, it has also forced scores of people to borrow afresh from fintech lenders at a high interest rate(Reuters file photo. Representative image)

Shadow banks, fintech companies lead in loan defaults

By Shayan Ghosh | Livemint, Mumbai
PUBLISHED ON NOV 17, 2020 08:05 AM IST
Most failures were from low-rated borrowers of non-banking financial companies (NBFC), some commercial vehicle borrowers and even people who had taken loans from fintech lenders, as the pandemic shrank incomes and livelihoods. A lot of these borrowers were stressed even before the pandemic struck.
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Flipkart said it has partnered with State Bank of India and with SBI Card to provide debit and credit cards holders a 10 per cent instant discount, while No Cost EMI will be available for Bajaj Finserv EMI card holders
Flipkart said it has partnered with State Bank of India and with SBI Card to provide debit and credit cards holders a 10 per cent instant discount, while No Cost EMI will be available for Bajaj Finserv EMI card holders

Flipkart bolsters partnerships with banks, NBFCs ahead of festive season

By Press Trust of India| Posted by Susmita Pakrasi | New Delhi
PUBLISHED ON OCT 14, 2020 02:03 PM IST
Flipkart is ramping up its fintech constructs so that consumers across the country can avail the benefits of easy accessibility to credit and affordability options, a statement said.
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Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers(Muthoottu Mini Financiers)
Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers(Muthoottu Mini Financiers)

Muthoottu Mini Financiers clocks 14% growth in the second quarter in midst of the pandemic: Mathew Muthoottu, Managing Director

UPDATED ON OCT 08, 2020 03:11 PM IST
The company’s business reports 25% growth in its Assets Under Management (AUM) as well as a surge in its profit by 44% in the last financial year.
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Bhavesh Gupta is the new CEO of Paytm.(Photo courtesy: https://blog.paytm.com/)
Bhavesh Gupta is the new CEO of Paytm.(Photo courtesy: https://blog.paytm.com/)

Paytm appoints Bhavesh Gupta as CEO of lending business

By Press Trust of India | Posted by Kanishka Sarkar | New Delhi
UPDATED ON AUG 06, 2020 03:09 PM IST
Under Bhavesh Gupta’s leadership, Paytm will continue to simplify, innovate, and bring new credit products to millions of Indians and SMEs in partnerships with other banks and NBFCs (non-banking financial companies), a statement said.
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Prime Minister Narendra Modi ‘s meeting with bankers focused on a roadmap for the future to ensure stable credit growth.(PTI)
Prime Minister Narendra Modi ‘s meeting with bankers focused on a roadmap for the future to ensure stable credit growth.(PTI)

PM Modi meets stakeholders from banks, NBFCs to discuss roadmap for future

By HT Correspondent | Hinduistan Times, New Delhi
PUBLISHED ON JUL 29, 2020 10:55 PM IST
The meeting discussed the crucial role of the financial and banking system of supporting growth, the Prime Minister’s Office (PMO) said
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The meeting assumes significance as the credit growth has slumped amid the economic slowdown that is caused by the coronavirus-induced lockdown.
The meeting assumes significance as the credit growth has slumped amid the economic slowdown that is caused by the coronavirus-induced lockdown.

PM Modi to meet banks, NBFCs tomorrow to discuss financial sector

By hindustantimes.com | Edited by Ashutosh Tripathi | Hindustan Times, New Delhi
UPDATED ON JUL 28, 2020 06:21 PM IST
The meeting comes in the backdrop of a slowing economy and a slumping GDP growth outlook.
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Deepak Parekh Chairman of Housing Development Finance Corporation in Mumbai.(MINT)
Deepak Parekh Chairman of Housing Development Finance Corporation in Mumbai.(MINT)

Banks wary of extending moratorium on loans, Parekh says it will hurt NBFCs

By Gopika Gopakumar | LIveMint, Mumbai
UPDATED ON JUL 28, 2020 07:15 AM IST
The central bank may allow banks to continue offering moratorium to stressed sectors such as aviation and hospitality, Mint reported on 22 July
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The RBI governor ended his speech on a cautiously optimistic note, saying the financial system was functioning well and the economy had started showing signs of getting back to normalcy after the easing of lockdown restrictions.(ANI)
The RBI governor ended his speech on a cautiously optimistic note, saying the financial system was functioning well and the economy had started showing signs of getting back to normalcy after the easing of lockdown restrictions.(ANI)

Current crisis worst of century: RBI

By HT Correspondent | Hindustan Times, Mumbai, Mumbai
UPDATED ON JUL 12, 2020 12:28 AM IST
The economic fallout of the coronavirus disease pandemic may lead to higher non-performing assets, or bad loans, and capital erosion at Indian banks, he warned, terming the Covid-19 outbreak the worst economic and health crisis in a century.
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Another NBFC, Edelweiss Financial Services has resorted to selling down its wholesale loans and is looking to reduce it to zero in two years.(Bloomberg)
Another NBFC, Edelweiss Financial Services has resorted to selling down its wholesale loans and is looking to reduce it to zero in two years.(Bloomberg)

Small NBFCs saving cash

By Shayan Ghosh and Tanya Thomas | Hindustan Times, Mumbai
UPDATED ON JUL 09, 2020 11:40 PM IST
The pandemic has also forced these companies to relook at their loan portfolios, trying to dump wholesale loans in favour of retail ones.
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Edelweiss reported a March quarter loss of Rs 2,245 crore on Friday, its first loss in 25 years, after making additional provisions of Rs 900 crore towards loan losses due to the Covid-19 pandemic, taking the total provisions to Rs 2,549 crore at the end of March 2020.
Edelweiss reported a March quarter loss of Rs 2,245 crore on Friday, its first loss in 25 years, after making additional provisions of Rs 900 crore towards loan losses due to the Covid-19 pandemic, taking the total provisions to Rs 2,549 crore at the end of March 2020.

Edelweiss farm to quit wholesale loan biz

By Gopika Gopakumar | Hindustan Times, Mumbai
PUBLISHED ON JUL 08, 2020 05:27 AM IST
At the end of the March quarter, it had outstanding wholesale loans of Rs 10,000 crore, down 43% from a year ago.
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NBFCs and HFCs should have made a net profit in at least one of the two preceding financial years , RBI says.(PTI)
NBFCs and HFCs should have made a net profit in at least one of the two preceding financial years , RBI says.(PTI)

RBI lays down rules for special NBFC, HFC liquidity scheme

By Shayan Ghosh | Mumbai
PUBLISHED ON JUL 02, 2020 06:56 AM IST
On May 20, the Union Cabinet had cleared a proposal to launch a special liquidity scheme for non-banking financial companies (NBFCs) and housing finance companies (HFCs) to improve their liquidity position.
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New logo/ monogram of SBI, State Bank of India. For stock shoot happened on 12.06.17, pic by hemant Mishra/mint(Hemant Mishra/Mint File Photo)
New logo/ monogram of SBI, State Bank of India. For stock shoot happened on 12.06.17, pic by hemant Mishra/mint(Hemant Mishra/Mint File Photo)

SBI may offer relief to non-banks, MFIs

By Gopika Gopakumar and Shayan Ghosh | Mint, Mumbai
PUBLISHED ON MAY 05, 2020 11:50 PM IST
The rethink follows complaints from the NBFC sector that was shut out of the moratorium offered to all other borrowers from March 1 to May 31.
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Reserve Bank of India Governor Shanktikanta Das RBI can opt for some changes to help keep the central bank’s regulation top notch(Pradeep Gaur/Mint)
Reserve Bank of India Governor Shanktikanta Das RBI can opt for some changes to help keep the central bank’s regulation top notch(Pradeep Gaur/Mint)

Some options for the RBI as it preps to kickstart post-Covid economy | Opinion

By Saket Misra
UPDATED ON APR 14, 2020 05:47 PM IST
RBI Governor Shanktikanta Das RBI will have to balance often contradictory priorities and on a gigantic scale. Some changes will help
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DHFL’s AUM are at(Photo: Reuters)
DHFL’s AUM are at(Photo: Reuters)

DHFL lenders to meet on 20 February to discuss EoIs

By Shayan Ghosh | Livemint, Mumbai
UPDATED ON FEB 17, 2020 10:53 PM IST
At the meeting, lenders will also take up evaluation criteria for bidders, latest status of financial claims.On 16 January, lenders had eased the eligibility criteria for those seeking to purchase assets of DHFL
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Even after a slew of repo rate cuts in 2019, company FDs still promise much in terms of wealth generation.(Bajaj Finserv)
Even after a slew of repo rate cuts in 2019, company FDs still promise much in terms of wealth generation.(Bajaj Finserv)

Invest in Bajaj Finance FD, amid falling interest rates

UPDATED ON FEB 17, 2020 01:20 PM IST
The benefit of investing in an FD now is that you can lock in at an attractive rate and earn returns steadily over a tenure of your choice.
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The finance minister has also relaxed the eligibility of NBFCs for debt recovery.(File Photo)
The finance minister has also relaxed the eligibility of NBFCs for debt recovery.(File Photo)

Credit guarantee for HFCs, NBFCs proposed in Budget 2020

By Gopika Gopakumar | Livemint
PUBLISHED ON FEB 02, 2020 01:57 PM IST
In Budget 2020-21,finance minister Nirmala Sitharaman has proposed an expansion of the existing partial credit guarantee scheme, first announced last year, to cover securities issued by NBFCs and housing finance companies (HFCs).
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In the backdrop of the challenges the economy faces, the budget seeks to rekindle the economy through a range of activities around agriculture, health and education(PTI)
In the backdrop of the challenges the economy faces, the budget seeks to rekindle the economy through a range of activities around agriculture, health and education(PTI)

The government has adopted a measured policy of planned recovery by a thousand cuts. It can work

By Govind Sankarnarayan
UPDATED ON FEB 01, 2020 10:29 PM IST
The message is simple. The economy needs to strengthen itself. The State will help with spending, easing bottlenecks
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Sitharaman will begin her budget speech at around 11am with an address to the Speaker of the Lok Sabha.(PTI)
Sitharaman will begin her budget speech at around 11am with an address to the Speaker of the Lok Sabha.(PTI)

Budget 2020: Nirmala Sitharaman’s second budget may have tax cuts, sops to spur growth

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON FEB 01, 2020 08:13 AM IST
Budget 2020: Nirmala Sitharaman will be aiming to get growth back up with the economy staring at the worst pace of expansion recorded in a decade with her second budget as the second woman finance minister after Indira Gandhi.
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FDs are not subject to market variables, and have a lower degree of risk associated with them.(Pexels)
FDs are not subject to market variables, and have a lower degree of risk associated with them.(Pexels)

What makes FD better than other investment options?

PUBLISHED ON DEC 03, 2019 08:59 AM IST
Despite availability of several low-risk financial instruments in the market, find out what makes FD a better choice than other investment options.
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Fixed deposits are your best bet, as they are stable and offer yields that are unaffected by volatility.(Bajaj Finserv)
Fixed deposits are your best bet, as they are stable and offer yields that are unaffected by volatility.(Bajaj Finserv)

Where should you invest for guaranteed returns?

UPDATED ON NOV 07, 2019 11:52 AM IST
Bajaj Finance Fixed Deposit prioritises convenience and safety of investment, in addition to handsome returns.
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RBI has ruled out any special liquidity facility for Non Banking Financial Institutions( NBFC).(PTI Photo)
RBI has ruled out any special liquidity facility for Non Banking Financial Institutions( NBFC).(PTI Photo)

RBI not looking at liquidity facility for NBFCs: Dy Governor Vishwanathan

By Indo Asian News Service | Mumbai
UPDATED ON OCT 08, 2019 04:40 PM IST
Post a fraud at PMC, analysts wanted to know if there are any changes in the annual review process of banks or NBFCs that RBI proposes to make or any specified proposed changes and if that will be effective for ongoing annual review of financial year 2019.
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Trading in NBFC bonds slid to a five-month low of about 755.2 billion rupees ($10.6 billion) in the secondary market in September.(Abhijit Bhatlekar/Bloomberg News.)
Trading in NBFC bonds slid to a five-month low of about 755.2 billion rupees ($10.6 billion) in the secondary market in September.(Abhijit Bhatlekar/Bloomberg News.)

Shadow bank crisis in India is making it hard to cut bond losses

By Divya Patil | Bloomberg
PUBLISHED ON OCT 07, 2019 10:00 AM IST
Mutual funds are in a particularly tough spot, given their large holdings of non-bank financing company bonds.
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Banks are happy to lend education loans(Getty Images/iStockphoto)
Banks are happy to lend education loans(Getty Images/iStockphoto)

Four study loan eligibility criteria NBFCs go easy on

By Bindisha Sarang
PUBLISHED ON SEP 25, 2019 10:20 AM IST
Panchpande is not the only one to have faced such an ordeal. Several people are unable to get loans for foreign education from traditional lenders because they do not meet the stringent eligibility criteria.
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