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Latest Articles in NBFC

Surge In COVID Cases May Impact NBFCs' Fund Raising Via Securitisation: Report

As the economic activities gradually resumed and loan disbursements gained momentum, even reaching pre-COVID levels for some NBFCs, the securitisation market saw a healthy uptick in volumes during H2 FY2021

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Magma Fincorp Caps Last Week’s Funding Raise For Insurance JV – ICICI Ventures & Morgan Stanley Lead, Poonawalla Doubles Down

Magma HDI is a joint venture between Magma Fincorp and Germany's HDI Global SE. Since early February, Adar Poonawalla-controlled Rising Sun Holdings -- an arm of Poonawalla Finance -- owns 60 per cent in Magma Fincorp.

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Magma HDI General Insurance raises Rs. 525 Cr In Funding Round led by ICICI Ventures & Morgan Stanley PE Asia

The company said that the fresh capital infusion of Rs. 250 crores would be deployed towards expanding distribution capabilities of the company.

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India's Risk-Based Internal Audit Requirement For NBFCs Is Credit Positive: Moody's

NBFCs' total balance sheet more than doubled to Rs 49 lakh crore in 2020 from around Rs 20 lakh crore in 2015. At the same time, banks' exposures to NBFCs have also increased.

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Govt To Set Up Rs 20,000 Cr DFI To Promote Infra Financing

Unveiling the Union Budget 2021-22, the Finance Minister said that a professionally managed DFI to be set up to provide, enable and catalyze infrastructure financing.

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Atma Nirbhar Bharat: Budget 2021 Must Provide Fillip To India’s Credit-Starved MSMEs

To achieve the government’s mission, five main incentives in Budget 2021 can determine if MSMEs would be able to sail through

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FIDC Suggests Relaxing Norms for NBFCs at GIFT IFSC

The representative body of NBFCs has argued in favour of making amendments to the RBI master circular of July 2014 dealing with the Opening of Branch/Subsidiary/Joint Venture/Representative office or Undertaking Investment Abroad by NBFCs

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Fintech Cos Need To Focus On Providing Resilient Front-ends For Financial Service Providers: Govt

Financial service providers must not hesitate to actually collaborate with fintech (financial technology) innovators for beefing up cyber security and fraud prevention

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Debt Recast: FIDC Suggests Dropping Additional Provisioning Requirement For NBFCs

In a letter to the finance minister, FIDC also said non-banking financial companies (NBFCs) have been mandated to follow Indian Accounting Standard (IND-AS) norms on provisioning for credit losses and these provisions are much higher than the RBI norms.

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A Financial Pandemic In The Making

Despite the banks’ stated enthusiasm to boost credit availability through top-up loans, the risks are evident. As of January 2020, TransUnion CIBIL and SIDBI reported that the bad loan ratio of MSMEs had reached its highest rate at 12.5%.’.

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How NBFCs Can Play A Pivotal Role In Economic Recovery In India

The World Bank estimates that micro, small and medium-sized enterprises represent about 90% of businesses globally and more than 50% of employment worldwide.

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NBFI Support Measures Hinge On Execution: Fitch Ratings

Pandemic-related liquidity support measures to date have had limited success in improving funding conditions for the NBFI sector.

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Covid Has Created Demon 2.0 Movement For Merchants: Instamojo

With an increase in freelancers coming onboard, Instamojo is ready for the new wave of digitisation

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Pvt Lenders May Lose Deposits To PSBs Due To Yes Bank Bailout

Moody's said the Yes Bank episode places the country's financial system on "alert" and the rescue in itself "exposes weaknesses in the process to support a failing private sector bank".

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I Would Expect From RBI Is To Issue A Clarification To Set Rest All The Speculation: Sanjay Chameria, VC & MD, Magma Fincorp

BW Businessworld’s Manish Kumar Jha in conversation with Sanjay Chamria, VC & MD, Magma Fincorp on the status of NBFC and the expectations from the government during the pandemic.

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