STFC, Muthoot Finance drop up to 17% on Fitch rating downgrade
The long-term issuer default ratings (IDRs) of STFC and MFL have been downgraded to BB from BB+.
Sebi fines Muthoottu Mini Financiers for misleading advertisements
The company had placed advertisements on its website for public issue of N...
LGT Lightstone Aspada leads $7 million funding round in micro-lender SmartCoin
Bengaluru-based startup to use proceeds to grow its loan book ...
ABFL becomes first NBFC to list commercial paper on bourses
ABFL listed its CPs on NSE with a value date of November 28, 2019 and maturity date on February 7, 2020.
Icra maintains negative outlook for residential realty; outlook stable for commercial segment
The performance of the residential segment continues to be muted, owing to the prevailing liquidity crunch.
RBI’s Das sees NBFC crisis abating as liquidity improves
Shaktikanta Das reiterated that RBI won’t allow any major bank or financier to collapse.
Stock market update: NBFC shares mixed; Indiabulls Ventures leaps 6%
Coral India Finance, Indiabulls Ventures and Dewan Housing Finance Corporation were the top gainers.
NBFCs are better placed to weather storm, feels Crisil
Nearly 52 per cent of debt is in sectors expected to be in moderately resilience category, such as automobile manufacturers, power generators, roads and construction.
Banks to face capital shortfall of Rs 3.5 lakh crore in event of systemic crisis in NBFC sector: Fitch
We assume that 30 per cent of banks' NBFC exposure becomes non-performing, said Fitch.
RBI’s panel suggests measures to strengthen core investment companies
The working group recommended capital contribution by CIC in a step down CIC, over and above 10%, should be deducted from its net worth.
Bajaj Finance drops 12% as Bernstein downgrades stock
Bernstein earlier had ‘Outperform’ rating on Bajaj Finance with a target price of Rs 4,820.
After green shoots in Q3, NBFCs’ credit demand may halve this quarter
NBFCs which have been struggling for the most part of last year were seeing some signs of a revival, after the fall in credit demand was much smaller in the December quarter.
Stock market update: NBFC shares mixed; Coral India Fin rockets over 14%
Shriram Transport Finance, SREI Infrastructure Finance and Centrum Capital were the top losers.
Credit Saison India gets NBFC licence from RBI
The company, which operates in the country under its registered name of Kisetsu Saison Finance India, has also received $30 million from the Tokyo Stock Exchange-listed parent entity.
NTPC to list commercial paper on BSE for an issue size of Rs 1,500 crore
After the process, the effective date of listing of such papers at the exchange will be December 2.
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