NBFCs’ bad loans to rise to 5-7% in current fiscal: ICRA
NBFCs’ bad loans to rise to 5-7% in current fiscal: ICRA read more at https://www.moneycontrol.com/news/business/nbfcs-bad-loans-to-rise-to-5-7-in-current-fiscal-icra-5492401.html
Overseas borrowing of NBFCs zooms 100% in FY20
Overseas borrowing of NBFCs zooms 100% in FY20 Read more at https://www.thehindubusinessline.com/money-and-banking/overseas-borrowing-of-nbfcs-zooms-100-in-fy20/article31795351.ece
NBFC body seeks ‘teaser’ kind of one-time loan restructuring scheme
NBFC body Finance Industry Development Council (FIDC) has requested approval for ‘teaser’ kind of one-time restructuring scheme for all loans without provisioning, in a meeting with finance minister Nirmala Sitharaman via video-conference on Friday. https://www.financialexpress.com/industry/nbfc-body-seeks-teaser-kind-of-one-time-loan-restructuring-scheme/1975570/
Bharat Bond ETF’s second tranche coming in July; aims to garner up to Rs 14,000 cr
Edelweiss Asset Management on Friday said it will launch the second tranche of Bharat Bond ETF in July, with two new series, to raise up to Rs 14,000 crore. https://economictimes.indiatimes.com/mf/mf-news/bharat-bond-etfs-second-tranche-coming-in-july-aims-to-garner-up-to-rs-14000-cr/articleshow/75890439.cms
RBI Governor Shaktikanta Das Highlights: RBI defers loan repayments by 3 more months; cuts repo rate 40 bps, eases monetary policy
RBI Governor Shaktikanta Das Press Conference | Highlights: Reserve Bank of India has extended the moratorium on loan repayments by another three months to 31 August 2020, while it also cut policy repo rate by 40 basis points to 4.0% after an unscheduled meeting of the Monetary Policy Committee. https://www.financialexpress.com/economy/rbi-governor-shaktikanta-das-press-conference-live-updates-reverse-repo-rate-crr-t-ltro-liquidity-monetary-easing/1967031/
Govt eases norms of partial credit guarantee scheme to help NBFCs, HFCs
Under the modified Partial Credit Guarantee Scheme, sovereign guarantee of up to 20 per cent of first loss will be provided to state-owned banks for purchase of bonds or commercial papers of NBFCs, MFIs and housing finance companies (HFCs) having a credit rating of AA or below, including unrated paper with original maturity of upContinue reading
Govt clears Rs 30,000 cr special liquidity scheme for stressed NBFCs, HFCs
This is a post facto approval from the Cabinet as the scheme was announced as part of the first tranche of the Rs 21 lakh crore comprehensive economic package. The statement further said an SPV would be set up to manage a Stressed Asset Fund (SAF) whose special securities would be guaranteed by the governmentContinue reading
Coronavirus pandemic | FinComm’s advisory panel suggests support to small business, NBFCs
Coronavirus pandemic | FinComm’s advisory panel suggests support to small business, NBFCs Read more at https://www.moneycontrol.com/news/india/coronavirus-pandemic-fincomms-advisory-panel-suggests-support-to-small-business-nbfcs-5187741.html
Banks avoid NBFC lending, take 50% of RBI’s refinance
Banks avoid NBFC lending, take 50% of RBI’s refinance Read more at https://timesofindia.indiatimes.com/business/india-business/banks-avoid-nbfc-lending-take-50-of-rbis-refinance/articleshow/75334394.cms
