NBFCs

The jump in unsecured credit can also be partly attributed to the borrower-focused approach of entities vis-à-vis their product-focused approach in the past. (Representative image)The NBFC-Retail AUM grew by a robust pace of about 26 per…

ICRA has revised upward the growth outlook for the current financial year for the retail loans of Non-Bank Financial Companies (NBFC-Retail) and Housing Finance Companies (HFC-Retail), which account for the bulk of the overall sector. The…

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MUMBAI: Lenders continue to repose their faith in asset reconstruction companies (ARCs) by selling them a large chunk of their bad loansdespite the introduction of the Insolvency & Bankruptcy Code (IBC) nearly seven years ago.…

MUMBAI: Pulled down by a demand deceleration from urban and semi-urban customers and a contraction in personal and home loans, non-bankers loan book grew just about 2 per cent in Q4 FY23 to Rs 4,46,132 crore from Rs 4,38,345 crore a year…

MUMBAI: Lending by non-banking finance companies is losing momentum in the fourth quarter of FY23, with overall sanctions growing only 2% year on year. Also, loans in the rural areas have been holding up NBFC lending, with both semi-urban…

Leading banks offer lower interest rates on loans to female borrowers as part of their specialised schemes. (Representative image)Apart from banks and NBFCs, the government also offers some relief to women in terms of tax concessions.Many…

Thousands of regulated entities in the financial sector stand to benefit from a KYC plan in the works. The Unique Identification Authority of India (UIDAI) and the National Payments Corporation of India (NPCI) are planning to set up an…

Reserve Bank's regulation on outsourcing of IT services by banking sector entities is aimed at improving corporate governance and will protect the interest of consumers, say industry experts. The Reserve Bank of India (RBI) has recently…

The overall securitisation volumes in FY2023 stood at Rs 1,78,000 crore. (Representative image)Securitisation volumes for Q4 were largely dominated by securitisation of retail loans (90 per cent)Securitisation volumes, originated largely by…