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The Latest Breaking News from NBFCs

Trade, NBFC credit to remain fastest-growing lending segments: Report

Trade and NBFC credit are expected to remain among the fastest-growing segments of India's banking system, supported by rising formalisation of economic activity, deeper financial penetration and the expanding reach of organised lenders, according to a report by Ashika Institutional Equities. The report said continued adoption of GST, digital payments…

The Economic Times

RBI proposes stricter data governance framework for banks, NBFCs; seeks feedback by Aug 17

The Reserve Bank of India has proposed a new data governance framework. This framework aims to strengthen data risk management for financial institutions. Banks and NBFCs will need to implement robust data lifecycle controls. A board-level committee will oversee the new data governance policies. This initiative seeks to ensure data…

The Economic Times

FCNR inflows may reduce banks' reliance on CD market in Q2 FY27: Report

Foreign currency deposits may reduce bank reliance on certificate of deposit issuances. Strong credit growth will continue to support certificate of deposit issuances in the near term. However, FCNR (B) deposit inflows will determine certificate of deposit volumes in the second quarter. Commercial paper issuances are expected to remain strong…

The Economic Times

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Nifty heading to 25,000, Bank Nifty to 60,000 soon; prefer private banks, NBFCs over PSU banks: CA Rudramurthy BV

Indian equity markets are showing strong upward momentum, breaking past key resistance levels. Analysts believe this rally has significant potential, with the Nifty eyeing 25,000. Supportive macro factors like stable crude prices, a steady rupee, and a slowdown in foreign investor selling are fueling optimism. The market favors private banks…

The Economic Times

Crude oil correction could be India's next big market trigger: Rohit Seksaria

Indian equities are poised for a positive shift as falling crude oil prices ease inflation and currency concerns, according to Sundaram Mutual's Rohit Seksaria. While expecting a temporary earnings dip, he sees banks and NBFCs leading a rebound. Seksaria also highlights opportunities in data centers, hospitals, niche IT, and auto…

The Economic Times

PSU banks lose gold loan sourcing share as private banks, NBFCs gain traction: Report

Public sector banks are losing ground in the gold loan market to private lenders and NBFCs, which offer faster service and wider reach. While NBFCs are rapidly gaining market share, public banks still dominate priority sector gold loans, leveraging their extensive networks.

The Economic Times

Nifty upside limited, but stock-specific opportunities remain: Pramod Amthe

Indian equities face headwinds from inflation and monsoon uncertainty, yet opportunities exist. Pramod Amthe of InCred Capital highlights sectors with pricing power like FMCG and paints, alongside preferred auto segments and NBFCs. While broad market gains may be modest, astute stock selection is key for investors navigating these challenging times.

The Economic Times

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NBFCs, autos, and multi-decadal themes gain traction as India eyes post–West Asia stability boost: Nitin Raheja

Market participants are recalibrating India portfolios towards financials, autos, and long-term structural themes like defence and digital infrastructure as crude prices soften and West Asian tensions ease. Market expert Nitin Raheja of Julius Baer Wealth Advisors sees a cautiously optimistic outlook, with improving medium-term prospects for Indian equities despite near-term…

The Economic Times

Kuku FM readies public market debut; SoftBank books Lenskart gains

Kuku FM's parent has taken the first step towards a stock market listing. This and more in today's ETtech Top 5.

The Economic Times

PhysicsWallah revises lending strategy, to partner with NBFCs for student loans

In a filing on June 4, the company said it will now tie up with third-party non-banking financial companies (NBFCs) instead of lending through its books, as had been envisaged with the FinZ infusion. The edtech will henceforth work as a technology platform that connects its students to a curated…

The Economic Times

AvenuesAI plans strategic investment in Ratnaafin Capital NBFC to drive AI-led embedded lending

AvenuesAI is planning a minority investment of up to 2.5% in Ratnaafin Capital, a scaled new-age NBFC with a lending book exceeding INR 2000 crores, as part of its strategy to build an AI-led embedded finance and digital lending ecosystem through partnerships with specialised NBFCs.

The Economic Times

Select SFBs and MFI players positioned for earnings upside: Rajiv Mehta

Non-banking financial companies are demonstrating early resilience, with collections holding firm across key segments like vehicle finance and microfinance. Despite lingering macroeconomic uncertainties and inflation, credit performance remains stable. Microfinance and affordable housing are highlighted as particularly attractive sub-segments poised for strong recovery, though vigilance on household income pressures is…

The Economic Times

Mythos: A challenge for the Indian banking system

Claude Mythos, a cutting-edge AI tool, has unearthed significant weaknesses in cybersecurity systems. In response, Indian authorities are swiftly mobilising to safeguard the integrity of the financial sector. With the Reserve Bank of India's robust framework in place, the emphasis now shifts to the implementation of comprehensive AI standards.

The Economic Times

Neeraj Dewan bets on defence, realty and NBFCs for long-term growth

Indian stocks saw a strong recovery driven by hopes of a US-Iran peace deal. This eased concerns about crude oil prices, benefiting sectors hit by inflation. Market expert Neeraj Dewan noted the day's volatility but sees potential for further gains. Domestic earnings are also showing strength, with mid and small-cap…

The Economic Times

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The Hindu

What is RBI’s latest move to increase risk weight for lending about? | Explained

The RBI recently issued regulatory measures to banks and NBFCs to increase risk weights associated with consumer credit and bank credit by an additional 25 percentage points. We examine the rationale behind the move and its potential impact.

The Hindu

ED attaches assets worth ₹134 crore in Karvy group scam

ED attaches assets worth ₹134.02 cr in Karvy fraud case. Funds diverted to related companies via defunct NBFCs. C. Parthasarathy had special privilege rights to subscribe to additional equity shares of KFintech. 1,000 Non-Convertible Redeemable Preference Shares allotted to Adhiraj Parthasarathy in consideration for termination of shareholders' agreement.

The Hindu

Loan app fraud: ED attaches bank balance worth ₹105.32 crore

Proceeds of crime stand at ₹819 crore; total attachment is ₹264.3 crore so far

The Times of India

NBFCs to see Rs 18 lakh crore loans getting repriced in FY23: Crisil

MUMBAI: Non-banking financial companies are likely to witness close to Rs 18 lakh crore of their outstanding debt getting repriced at higher levels in FY23 amid the rising interest rate scenario, Crisil Ratings said in a report on Tuesday.

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