NBFCs

Mutual fund (MF) debt exposure to NBFCs, which includes commercial papers (CPs) and corporate debt, has now remained above Rs 2 trillion for more than half a year

Asset quality concerns, slowing of bank funding to temper pace

Non-food credit increased at slower clip of 12.8% in October compared to 15.5% a year ago, says RBI

The RBI has implemented a scale-based regulatory framework for the NBFC sector, categorising them based on their scale of operations and potential interconnectedness

Banks' credit to industry grew by 8 per cent in October 2024 compared to 4.8 per cent in the year-ago period, according to the RBI data released on Friday. The Reserve Bank data also showed that credit to agriculture and allied activities registered a growth of 15.5 per cent year-on-year (y-o-y) in October 2024, compared to 17.4 per cent seen in the same month of last year. Among major industries, credit to 'chemicals and chemical products', 'petroleum, coal products and nuclear fuels', and 'all engineering' recorded a higher growth in October 2024 as compared to their respective growth rates a year ago. Personal loans growth decelerated to 15.8 per cent (y-o-y) in October as compared to 18 per cent recorded a year ago, largely due to decline in growth in 'other personal loans', 'vehicle loans' and 'credit card outstanding'. However, 'housing' -- the largest constituent of personal loans segment -- recorded an accelerated growth on year. RBI further said credit growth to services

Manageable asset quality pressure points

Thus far in the calendar year 2024, the market price of CreditAccess Grameen has plunged 46 per cent, as compared to 10 per cent rally in the BSE Sensex.

BCs have of late been sounding off to the Ministry of Finance, warning that the channel is becoming increasingly unviable

One of the major focus areas for the SRO-FT includes improving communication among members regarding compliance and regulation

Funds raised and commitments in AIFs have surged 30% Y-o-Y

The new office in Chennai spans 68,000 square feet and can accommodate over 730 employees

There's been a dramatic rise in loans against gold in the past one year, but growth in unsecured loans is slowing. Bank loans to the NBFC sector have also dipped

Gold loan borrowers have a range of repayment plans they can choose from

NBFCs may have to rework credit service typically used by small businesses

Registrations for ECBs by Indian companies almost doubled to $49.2 billion in the year ended March 2024 (FY24) from $26.6 billion in FY23

Kamath said that the Reserve Bank of India's action on unsecured lending and non-banking finance companies (NBFCs) was warranted

Business Standard BFSI Insight Summit 2024: Industry experts share insights into reach, regulatory pressures, growth opportunities for non-banking financial companies, microfinance institutions

Top executives of India's leading NBFCs at the Business Standard BFSI Insight Summit discussed whether they feel a need to step out from under the shadow of traditional banks

RBI Governor explains regulatory actions in conversation with Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

Self-regulatory organisation status for business correspondents will improve governance, bring in investments