Non-Banking Finance companies are expected to report as much as 35 percent growth in earnings as retail loans by small and medium enterprises continued at a brisk pace even as state-run lenders continued to hold on to their purse strings due to bad loans. Housing finance companies will maintain momentum with the growth coming … Read More →
NBFC played a critical role in stimulating the growth of the Indian economy and now NBFCs become real game changers in finances industry. NBFCs, continuously involved in providing financial services such as personal loans, financing of car/bike, truck financing, farm equipment financing, loans for purchase of used commercial machinery, secured/unsecured working capital financing, etc. The … Read More →
Conversion into small finance banks (SFB) would actually prove detrimental for listed non-banking financial companies (NBFCs) and microfinance institutions (MFIs) in terms of their net interest income (NII) in the initial years. Analysts feel NII of SFBs like Ujjivan Financial Services, Disha Microfin and Equitas may gradually fall from current 47.8 per cent to 27.5 … Read More →
NBFC’s RoE to improve, cost of borrowing to fall: Capital First In an interview on CNBC-TV18, V Vaidyanathan of Capital First said that the cost of borrowing is expected to fall by 100 basis points and all NBFCs will see improvement in return on equity (RoE) due to the change in bond pricing. Moderation in … Read More →
The NBFC stock dream run may be coming to an end: Analysts Non-banking financial companies (NBFCs) have put up an impressive show the whole of last year with stock prices more than doubling for some. But experts tracking the sector seem to be turning a tad cautious now. Some cite stretched valuations while others point … Read More →
Cabinet Liberalises Foreign Investment Norms For NBFC Sector: Expanding the list of non-banking financial companies which can attract foreign direct investment, the Cabinet on Wednesday permitted foreign investment through the automatic route in “other financial servicesâ€, if they are under regulators like the Reserve Bank of India and market regulator Securities and Exchange Board of … Read More →
NBFC retail credit to grow up to 22% in 2016-17: Icra Retail loan disbursements by non-bank lenders will grow by 19-22 per cent this fiscal, with the housing finance segment alone needing up to Rs 286 billion in capital over the next three years, domestic ratings agency Icra said today. Retail credit growth accelerated to … Read More →
Investors have fallen for stocks that till yesterday were considered just an arbitrage play over banks…. !! Shares of non-banking financial companies (NBFC) have been on fire on Dalal Street. In a note tilled What Doesn’t Kill You Makes You Stronger, Amay Hattangadi, managing director of Morgan Stanley Investment Management (MSIM), and Swanand Kelkar, executive … Read More →
In the course of recent months, shares of non-banking financial companies have been on a joyride despite the fact that the bad-loan issue has dragged banking stocks down. NBFC stocks have even bested stocks of private banks, which had been until now financial specialists’ top picks. Some NBFC shares have surged 60-80% in the present … Read More →
The Reserve Bank of India (RBI) on Friday simplified the process of registration of new non-banking finance companies (NBFCs) by reducing the application form and the checklist of documents from the existing set of 45 documents to just seven and in some cases eight. And deposit taking and non-deposit taking NBFCs would have separate applications … Read More →