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NBFC player Aye Finance files draft papers with Sebi for Rs 1,450 cr IPO

Aye Finance, a non-banking financial company, has filed draft papers with the markets regulator Sebi to raise Rs 1,450 crore through its Initial Public Offering (IPO). The Gurugram-based company's proposed IPO is a combination of a fresh issue of shares worth Rs 885 crore and an Offer for Sale (OFS) of Rs 565 crore by corporate and individual selling shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. A91 Emerging Fund I LLP, Alpha Wave India I LP, CapitalG International LLC, CapitalG LP, LGT Capital Invest Mauritius PCC, MAJ Invest Financial Inclusion Fund, Harleen Kaur Jetley and Vikram Jetley are offloading shares in the OFS. At present, Elevation Capital holds 16.19 per cent stake in Aye Finance, LGT Capital Invest Mauritius PCC owns a 14.13 per cent stake, Alpha Wave India I LP holds 11.21 per cent stake and CapitalG LP and CapitalG International together have 13.27 per cent shareholding, the draft papers showed. The company may consider raising

NBFCs top growth rate in micro-finance at 27.6% Y-o-Y by Sept-end FY25

The portfolio-at-risk 31-180 days-past-due has shown a deterioration across all entity types

NBFC-MFIs' asset growth to moderate at 5% in FY25 on stricter norms: ICRA

Stricter lending norms adopted in face of slew of concerns will restrict asset growth OF NBFC-MFIs to 5 per cent in FY25, a report by Icra said on Thursday. Icra has assigned a negative outlook on the sector, given the significant near-term headwinds on growth, asset quality and profitability. The last two years had seen a robust expansion in assets under management for non-banking finance companies-microfinance institutions (NBFC-MFIs) but the same is set to moderate to 0-5 per cent in FY25, the report said. The agency attributed the fall in growth to challenges stemming from borrower over-leveraging, socio-political disruptions, and employee attrition-led operational challenges. The sharp increase in the overall overdue book in H1 FY2025 also poses a significant downside risks to the near-term loan quality of the sector, it said. The credit costs will increase to 5.4-5.6 per cent from 2.2 per cent in FY24 for NBFC-MFI entities, the agency said, adding that this, along with a ..

NBFC's asset growth to sharply decline to 15-17% in FY 2025, 2026

Asset quality concerns, slowing of bank funding to temper pace

Unauthorised fintechs, compliance changes pose major risks for sector

Organisations assess other challenges, such as talent, transparency, and grievance redressal, as negligible risks in their operations

Are non-financial firms' financial investments here to stay, or at risk?

There are two ways of looking at this problem - first, has the composition of reported income changed? And second, has the composition of assets changed?

Finance Ministry sets minimum annual dividend payout norms for NBFC CPSEs

The guidelines mandate minimum annual dividend payout at 30% of PAT or 4% of net worth, whichever is higher

SBI seeks $1.25 bn in country's largest dollar-denominated loan of 2024

India's top lender is raising the facility for general corporate purposes through its branch at the Gujarat International Finance Tec-City

RBI action specific, doesn't flag systemic concerns: NBFC chiefs at BS BFSI

The RBI recently took a firm stance by halting the loan disbursement activities of four entities cited above with effect from October 21

Falling asset quality, credit costs weigh on major NBFCs in Q2FY25

Driven by cash flow disruptions, challenges seen in unsecured segments

CRISIL puts long-term ratings of Navi Finserv, Asirvad on rating watch

Earlier this month, the RBI barred four NBFCs, including two MFIs, from sanctioning and disbursing loans due to charging exorbitant interest rates to borrowers

Banks, NBFCs' credit growth to see steady slowdown in FY25, says ICRA

Regulatory warning, tight funding influence strategy

RBI bars Navi Finserv, 3 other NBFCs from sanctioning and disbursing loans

Ban includes 2 micro lenders, comes into effect from October 21

NBFCs raise Rs 3.23 trn in H1FY25 from domestic debt capital market

Private sector NBFCs raise Rs 1.91 trillion in H1FY25

Growth at any cost approach of some NBFCs poses risks: RBI Governor

Regulator closely monitoring situation and will not hesitate to take appropriate action, he says

Lenders not allowed to levy foreclosure charges on MSEs, says RBI

Analysts said that the implementation of the norms will negatively impact the income of these lenders while increasing pre-payment of loans and balance transfers

Services, retail credit growth moderate in Aug on drop in credit to NBFCs

Credit to NBFCs grew by 11.9 per cent Y-o-Y in August 2024, down sharply from 21.3 per cent a year ago. Credit to trade declined to 15.5 per cent from 17.4 per cent in August 2023

NBFC Aye Finance raises $30 million in series G round led by ABC Impact

The latest round of funding comes eight months after the company raised $37 million in a Series F round

Investing in NBFC bonds: Strike a balance between return and rating

With more NBFCs tapping the bond market, interest rates are currently attractive