NON BANKING FINANCE COMPANIES
The Week That Was in 10 Stocks: Voda Idea rebounds, ITI slides; YES Bank inches up
The scrip made a strong comeback, rallying 34.15 per cent to Rs 6.10 during the week.
HDFC Q3 results preview: Profit may jump 3-4 times on one-time gain
Edelweiss expects HDFC to post a net profit of Rs 8,417.1 crore, a rise o...
PNB shelves plan to sell housing finance unit
PNB's holding in PNB Housing is set to fall to around 27.5% from the current 32.43% when the la...
Sachin Bansal bets Flipkart fortune on banking services
Bansal, through his microfinance firm Chaitanya India, has applied for a banking licence.
ICICI Bank could report better advances growth: Kunj Bansal, Sarthi Group
Kunj Bansal, Partner, MD & CIO, Sarthi Group says credit cost and asset quality would have to be watched out for. Margin expansion should be there because the interest rates have been coming down. Excerpts from an interview with ETNOW.
AU, Ujjivan Small Finance Bank rally up to 10% post Q3 results
Net profit of AU Small Finance Bank jumped 99.51 per cent to Rs 190.19 crore in Q3FY20.
PNB Housing dives 12% on poor Q3 results
The lender's net interest margin, a key profitability ratio, shrunk to 2.98 per cent for the December quarter, the lowest in last five quarters.
India’s SWF gets ready to launch non-bank lender
NIIF already counts CPPIB, Abu Dhabi Investment Authority, AustralianSuper, Ontario Teachers’ Pension Plan, Temasek, Axis Bank, HDFC Group, ICICI Bank and Kotak Mahindra Life Insurance as investors in the NIIF Master Fund, along with the government of India.
Price-wise, Zee is a buy; avoid AU Small Finance Bank: Abhimanyu Sofat, IIFL
There is some amount of stress in the economy and at this particular price point, buying AU Small Finance would not be advisable.
Ujjivan Small Finance Bank Q3 profit doubles to Rs 90 crore
Asset quality remained stable with gross NPA ratio at 0.9% and net NPA ratio at 0.4%.
Where's the money? Search on for solutions of India's shadow bank crisis
Vital projects are starved for funds following the crisis. The desperation for solutions is palpable.
Why Deven Choksey continues to bet on ICICI Bank, SBI and Bajaj Finance
In the NBFC space, we have always liked housing finance companies (HFCs) and some of the companies have been performing better. They have been continuing to grow at around 20% in an environment where GDP growth is below 5%. If your growth rate is 20% plus and the credit book is growing, it is a good proposition to buy into.
India Inc seeks liquidity boost for NBFCs, HFCs
The CII has also sought a separate classification for systematically important NBFCs with such companies being given easier funding through External Commercial Borrowings (ECBs) and access to temporary funding from the RBI similar to the repo facility used by banks.
iQuippo digitises co-lending programmes of banks & NBFCs
The platform not only offers its customers an option to choose offers from different financial institutions; it also negotiates with them online on behalf of the financial institutions and customises offers according to their financing needs.
New India Co-operative Bank shareholders approve conversion to small finance bank
The move comes after a slew of regulatory changes by the RBI following the Rs 4,500-crore PMC Bank fraud and to ensure better regulation of such lenders which are heavily influenced by regional political heavyweights. NICB shareholders will now be approaching the RBI and Central Registrar of Societies for further action, the bank said.
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