“These are three that stand out, so that is commodities, PSUs, and the financials. Now, there is also oil and gas which is a separate story simply because of what is happening in oil,” says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts.Give us a sense of the kind of market moves you are seeing … Read more
Mumbai | Kolkata: Non-banking finance companies (NBFCs) sought a higher external commercial borrowing (ECB) limit in their first meeting with Reserve Bank of India (RBI) governor Sanjay Malhotra on Thursday, along with easier asset classification for alternative vehicle financing, freer use of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) … Read more
Gold loans: Banks and gold loan companies are looking to implement monthly amortisation plans following concerns raised by the Reserve Bank of India (RBI) regarding deficiencies in gold loan disbursements. According to a report by the Economic Times, borrowers may soon be required to begin making interest and principal payments through EMIs immediately upon loan … Read more
“The NBFCs which have been growing very-very fast and the segment which they have been growing, if it is a very-very high-risk segment, so to that extent one has to be cognizant where one is investing,” says Dikshit Mittal, LIC Mutual Fund. Firstly, to start off with, the RBI has continued to maintain its stance. … Read more
In a bid to improve transparency, compliance the lending process further, the Reserve Bank of India (RBI) has reset norms for Non Banking Financial Company-Peer to Peer Lending Platforms (NBFC-P2P Lending Platform). The step has been initiated to take action in light of certain practices conducted by a few Peer-to-Peer (P2P) platforms that have been … Read more
Mumbai: Shares of state-owned banks, non-banking finance companies (NBFCs) and infrastructure firms plunged as much as 10% on Monday following the Reserve Bank of India‘s tougher draft guidelines on the financing and accounting of project loans. The proposed stricter lending criteria, with additional provisioning, are aimed at preventing accounting shocks but could potentially hurt balance … Read more
Last week, the Centre revised the interest rates applicable to three-year term deposit scheme by 10 basis points for the January-March quarter. According to a finance ministry circular, the deposit under Sukanya Samriddhi scheme would attract an interest rate of 8.2 per cent from the existing 8 per cent, while the 3-year term deposit would … Read more
The Reserve Bank of India (RBI) has directed banks and non-banking financial companies (NBFCs) to not make investments in any Alternative Investment Funds (AIFs) that has downstream investments either directly or indirectly in a debtor company of the bank. The notice aims to address concerns relating to possible evergreening through this route. The move is … Read more
“Similarly MFIs have been ignored for long but MFIs follow a cycle so if you get the cycle right the upside can be big. So MFIs and mortgage or housing finances within NBFCs where we are currently investing,” says Viral Berawala, Director, Buoyant Capital.Have you started buying pharma yet because that too is showing sparks … Read more
“This is a year in which if you look at the recent automobile sales they have been strong and they are likely to get stronger going into 2023 which is another positive for M&M Finance,” says Chakri Lokapriya, CIO & MD, TCG AMC. Just wondering what to do with Bajaj Finance, their quarterly update is … Read more