Topic: NBFC
How India is successfully using insolvency code to resolve NBFCs in trouble
RBI superseded boards of Srei Infra Finance and Srei Equipment Finance, and their insolvency process is expected to be IBC-like, as it was in DHFL’s case.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
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
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
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
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
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’
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
Potential investors will have the option to convert PMC Bank into a small finance bank provided they meet the RBI’s licensing conditions.
GDP data will show today how badly Covid hit Indian economy that had already slowed down
Even before pandemic struck, India was in the midst of a slowdown as a NBFC crisis hurt new loans & took a toll on consumption, which accounts for 60% of GDP.
Modi govt has come to the rescue of MSME financing. It now needs to give one extra push
TReDS platform boosts cash flow financing for small businesses. And yet, only about 10,000 out of more than 6 crore unincorporated MSMEs are registered on the platform.
Food combining ‘ayurvedic’ taboos are back as fad. It’s ok to mix fruits with vegetables
Popular tips on ‘food combining’ are floating on social media and are followed by many. But are we ready to look into the evidence?
Bezos, Branson & Musk — Are billionaires popularising space travel or just on an ego trip?
Jeff Bezos will travel to the edge of space in his New Shepard aircraft — more than a week after billionaire Richard Branson defeated him in a fast developing space race.