Sunday, 27 November, 2022
TopicNBFC

Topic: NBFC

No longer main source of funds for private sector, how banks’ role in the economy is changing

+TFP TCA Sharad Raghavan -
Companies increasingly looking to raise funds from market, while banks focus more on personal loans. Reasons for shift include NPA crisis & higher trust among households, say experts.

RBI to introduce prompt corrective action framework for NBFCs from next October

ANI -
The PCA framework shall come into effect from 1 October 2022, based on the financial position of NBFCs on or after 31 March next year.

How India is successfully using insolvency code to resolve NBFCs in trouble

Ila Patnaik -
RBI superseded boards of Srei Infra Finance and Srei Equipment Finance, and their insolvency process is expected to be IBC-like, as it was in DHFL’s case.

Why RBI’s proposed microfinance policy changes are borrower-friendly

Shreya Garg -
Proposed changes divert the borrower away from informal lenders and also show the RBI’s intent of giving the NBFC-MFIs a level-playing field in the financial system.

Covid economic distress is real, just look at the full-page ads for gold jewellery auctions

Remya Nair -
Newspapers are filled with ads of gold jewellery auction amid indications of economic distress faced by Indian households. But resurgence in gold prices could stem the auctions.

Indians seen rushing for gold loans again as pandemic deepens economic distress, uncertainty

Remya Nair -
In India, with nearly every household owning gold jewellery in some quantity, gold loans are a preferred option at a time of widespread unemployment and loss of income.

DHFL gets big bids as NBFC sector begins to show signs of recovery

Suvashree Ghosh -
Oaktree Capital Group has offered Rs 366.5 billion, up from Rs 310 billion in its previous bid for DHFL. Piramal Enterprises and Adani Group also improved their proposals.

NBFCs show signs of recovery as economy begins to rebound

Divya Patil -
A stronger NBFC sector, which has been struggling since a crisis in 2018 when a large financier unexpectedly defaulted, is key to helping staunch further trouble in the economy.

Only 1 NBFC sought bank licence in last 4 years even though RBI has offered it ‘on tap’

Manojit Saha -
Becoming banks would give NBFCs access to low-cost deposits. But even after IL&FS crisis led to rising borrowing costs, no company applied for a bank licence.

Ray of hope for PMC Bank revival as investors show interest

Manojit Saha -
Potential investors will have the option to convert PMC Bank into a small finance bank provided they meet the RBI’s licensing conditions.
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Opinion

Representative image | Pixabay

Apple revolutionised smartwatch. Then came the budget wave and more—AmazFit, Fitbit to Samsung

Sahil Mohan Gupta -
The Fitbit Versa 4 and Sense 2 are good options for fitness fiends who want a smartwatch for fitness tracking only, while Garmin is great for extreme sports enthusiasts.
Representative image | Pexels

Hair transplants don’t work for balding women. But don’t lose heart

FILE PHOTO: Protestors stand in solidarity with Iranian women after the death of Mahsa Amini, in London, Britain September 24, 2022. REUTERS/Clodagh Kilcoyne//File Photo

Iran’s people have begun an irreversible process—tearing off the theocratic veil

Economy

Representative image | Reuters

GameFi is revolutionising global NFT market. Here’s how crypto regulations could shape it

Pooja Singh -
GameFi is the intersection of gaming and finance in an environment driven by use of blockchain, non-fungible tokens and smart contracts.

Defence

Illustration: Soham Sen | The Print

Modi govt moves with Arunachal Frontier Highway, among India’s ‘toughest’ projects yet, China in mind

Snehesh Alex Philip -
The 2,000 km-long highway will be of strategic importance to military. Same equipment used on other side of LAC being deployed to carry out work on tough terrain, say officials.

National Interest

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

Shekhar Gupta -
I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.

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