Page 5 - Nbfc Sector
Job losses mount in NBFC sector, a major recruiter, as lending plummets
Sector has accounted for a major share of hiring in recent times
 "Job losses mount in NBFC sector, a major recruiter, as lending plummets")
Markets waiting for revival; NBFC row can be resolved: UTI AMC's Ajay Tyagi
For the economy to return to the 7% growth trajectory, the govt needs to do a lot, which includes fiscal measures
 "Markets waiting for revival; NBFC row can be resolved: UTI AMC's Ajay Tyagi")
How serious is the NBFC crisis?
It would take steps required to ensure that developments in the sector did not impact financial stability
 "How serious is the NBFC crisis?")
Funding crisis to worsen unless India pumps more cash into financial system
Muted government spending and high election-linked expenditure have created a cash deficit in India's banking system in the past few months
 "Funding crisis to worsen unless India pumps more cash into financial system")
NBFC sector to see massive consolidation ahead: Pankaj Murarka
From here on, there will be a differentiation between men and boys in the NBFC sector, Murarka says.
 "NBFC sector to see massive consolidation ahead: Pankaj Murarka")
RBI relaxes NBFCs' asset securitisation norms as sector faces IL&FS crisis
Relaxation on the minimum holding period will be allowed when the NBFC retains 20% of the book value of these loans, said RBI
 "RBI relaxes NBFCs' asset securitisation norms as sector faces IL&FS crisis")
Hunt for deposits won't move the needle for crisis-hit NBFCs, say analysts
They won't find it easy to move predictable lump sum money away from banks: Experts
 "Hunt for deposits won't move the needle for crisis-hit NBFCs, say analysts")
New RBI window for NBFCs unlikely to improve their credit: Report
The partial credit enhancement (PCE)facility by the Reserve Bank of India's (RBI) for non-bank lenders is unlikely to have the desired impact of increasing credit flow to the troubled sector, a report said Friday. On November 2, RBI had allowed banks to provide PCE for debt raised by non-deposit-taking systematically important non-banking financial companies (NBFCs) and housing finance companies (HFCs). "The issuance volumes for NBFCs/HFCs under the PCE framework are likely to remain muted," domestic rating agency Icra said in the note. Credit enhancement is a tool typically aimed at improving credit worthiness of a borrower, in this case the NBFCs. The RBI move came amid a strong pitch for many, including its central board members, to increase the credit supply to the troubled sector. NBFCs and HFCs are facing a crisis of confidence following the default by IL&FS since late-August, which led to its takeover by the government last month. This in turn led to a ...
 "New RBI window for NBFCs unlikely to improve their credit: Report")
An AQR for the NBFC sector?
Not now. For the time being it needs a credit line. If the sector stumbles, it will lead to a credit crunch and hit domestic consumption and growth
 "An AQR for the NBFC sector?")
As NBFCs face a crisis, the government can not afford to stand aside
There are serious concerns over the effects of a credit freeze-up
RBI withdraws rule exceptions for NBFCs owned by govt
The decision will ensure both types of NBFCs stand on an equal footing on compliance with specific RBI rules
 "RBI withdraws rule exceptions for NBFCs owned by govt")
NBFC status to P2P places compliance burden; lending to go up: Industry
Another player i2ifunding said with this, borrowing and lending activities will gather pace
 "NBFC status to P2P places compliance burden; lending to go up: Industry")
NBFCs' borrowings from banks up over 20 times in one year
Net borrowing in these NBFCs rose to Rs 74,000 crore from a mere Rs 3,600 crore in the previous 12 months
 "NBFCs' borrowings from banks up over 20 times in one year")
