Nbfc Sector

IL&FS impact: NBFCs report sharp jump in gross NPAs at 6.1% from 5.3% in FY18; asset quality continues to deteriorate

The pace of expansion was lower than in FY18, mainly due to rating downgrades and liquidity stress in a few large NBFCs in the aftermath of the IL&FS event.

Bank credit growth lowest since October 2017, supply-demand situation may normalise by June 2020; all this and more on Moneycontrol Pro

Non-food credit, or bank loans other than to the Food Corporation of India for their crop procurement operations, is now growing at its slowest pace in two years.

Credit growth picks up rapid pace from September, jumps by Rs 1.08 lakh cr; housing, NBFC, MSME provide boost: SBI study

The monthly SBI Composite index remained volatile and was at 50.83 (low growth) in October compared to 51 (low growth) in September.

Recent measures taken by govt will stimulate investments, give push to GDP growth in coming months, says Venkaiah Naidu

Venkaih Naidu said the fundamentals of the Indian economy are strong and the country continues to be among the fastest growing major economies of the world

Now that BJP's kept Article 370, Ayodhya promise, high time govt focused on crashing economy, job generation, low investor confidence

The April-June GDP figure came at lowest in 7 years, gave a shocker to the economy.

RBI may go for another rate cut on 4 October; to complement govt’s recent fiscal measures: Experts

Earlier, the RBI governor had said the government has little fiscal space, giving hopes that the RBI may provide more monetary stimulus to prop up the economy.

RBI's annual report confirms pain of economic slowdown may linger for a while; ball is in government’s court now

The Reserve Bank of India’s annual report categorically makes it clear that reviving growth is the highest priority for policymakers at this juncture.

Govt, RBI on same page on steps to boost economy, will meet industry people from next week: Nirmala Sitharaman

Bank of Baroda posts Rs 710 cr net income in first earnings since merger with Dena, Vijaya Bank

The lender is looking at raising Rs 6,000 crore, which includes Rs 4,500 crore from tier 1 bonds and Rs 1,500 crore from employees stock purchase scheme in the near-term

RBI draft liquidity norms may put pressure on NBFCs margins and returns over medium term: Analysts

Last week, the RBI released a draft circular on Liquidity Risk Management Framework for NBFCs with an asset size of Rs 100 crore