Budget 2020

NBFCs expect higher credit loss, says EY study

Non-Banking Financial Companies (NBFCs) are expecting higher credit loss as well as an increase in provision coverage rates, mainly due to the impact of the COVID-19 pandemic, according to a study. The study by EY is based on an analysis of the financial statements of 42 NBFCs for the year ended March 31, 2020. The […]

Budget 2020

Sectors where PE money is flowing into India

When clarity comes about growth, we will see another flood of growth capital coming into the country, says Sanjay Nayar, Partner & CEO, KKR India. When PE money flows into Indian companies, which are the sectors that are looking good for investment?PE capital is going to keep flowing into India and there are a couple […]

Budget 2020

Should you go for value stocks now?

We are starting to get into a phase where the leverage stocks, the PSU stocks, have started doing well. I get a feeling that there is potential for this to be the big one, says Manish Gunwani, CIO-Equity Investments, Nippon India MF. How much of the market is a function of liquidity according to you?Liquidity […]

Budget 2020

​RBI panel in favour of letting well-run large NBFCs convert into banks

NEW DELHI: A panel set up by the Reserve Bank of India (RBI) in June on Friday recommended that well-run large non-banking finance companies (NBFCs), with an asset size of Rs 50,000 crore and above, may be considered for conversion into banks. This is subject to the completion of 10 years of operations and meeting […]

Budget 2020

DBS-LVB Deal: A hint to foreign banks, grim signal for shareholders

MUMBAI: A shotgun wedding of an odd pair in the middle of a pandemic, with the RBI governor — recently recovered from Covid — acting as the head-priest; and two overbearing Asian sovereigns blessing a deal after quiet backroom talks, mark the coerced matrimony between the Indian arm of the Singapore lender DBS and Lakshmi […]

Budget 2020

PTC India Financial Services Q2 results: Net profit falls 28% to Rs 32 crore

NEW DELHI: PTC India Financial Services (PFS) has reported a 28 per cent decline in its net profit to Rs 31.85 crore for the September 2020 quarter. The non-banking finance company had posted a net profit of Rs 44.24 crore in the corresponding quarter of the previous financial year. “The net profit stands at Rs […]

Budget 2020

How to get a loan to buy a pre-owned car

Did you know that you can get a car loan to buy a second-hand/pre-owned/used car? That is right, you can fund the purchase of a used-car by availing a loan. However, there are several things you need to check before you can get such a loan. For instance, you should find out whether the lender […]

Budget 2020

Lenders are seeing retail loan demand revival as lockdowns ease

Lenders in the public sector banks are seeing a revival in retail loan demand in July and August as Covid-19- induced lockdown restrictions were eased. But much of the demand is from outside of metro areas, with much of the demand coming from urban, semi-urban and rural areas, said a report by credit bureau- Transunion […]