Thursday, January 20, 2022

NBFCs

Fintech companies use alternate data to build credit profiles

Hyderabad: Small businesses in the unorganised segment are seldom in the good books of banks and lenders. Lack of financial transaction history to assess...

Leegality partners with NeSL to offer banks, NBFCs digital stack for debt documentation

Hyderabad: Document execution platform Leegality has completed its integration with India’s first and only information utility-National eGovernance Services Limited (NeSL) - to provide a...

Restructuring on cards in absence of moratorium: HDFC Securities

Accordingly, HDFC Securities, expects banks to remain selective in restructuring stressed assets.

Covid 2.0 unleashes credit stress for MFIs, small NBFCs

A report by Acuite Ratings said that collection efficiencies which were seen recovering above 90 per cent in Mar-21 have dropped to between 65-85 per cent levels during Q1FY22.

RBI imposes penalties on SBI, 13 banks for violation of rules

The penalties have been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1), of the Banking Regulation Act, 1949, as applicable.

Industry body FTCCI seeks support for MSMEs

Moratorium should be extended up to March 2022 on all EMIs of term loans as well as interest on cash credit accounts.

Empowered NBFCs, differentiated banks

Banks need to respond to the ferocity of impending competitive headwinds from NBFCs, including fintech companies

More women borrowed personal loans during pandemic: Report

The COVID-19 pandemic resulted in deeper financial issues in some households as the pandemic and the resultant lockdowns hurt financially.

Gearing up to initiate co-lending model for home loans: SBI

The lender also said it has waived the processing fee till March for borrowers availing home loans for the bank's approved projects

Home sales improves by 50% in Oct-Dec: Report

However, prices in the primary market remain unchanged. Demand from NRI buyers went up significantly.

RBI proposals to restrict land financing by NBFCs: Report

"The wholesale NBFCs that have been using structuring to fund land acquisitions have generally been averse to funding land acquisitions over the last couple of years.

Hyderabad-based Pax Credit raises $1.2 lakh seed fund

Pax Credit is now part of the 2021 class of Hub 71 Accelerator, which helps startups develop products faster and adopt the go-to-market strategies

NBFC bullish on lending to schools

ISFC hopeful of disbursing loans worth Rs 300 cr in next academic year

TRSMA urges govt to issue guidelines on school fees

TRSMA said most school managements were yet to recover about 35% fees for the academic year 2019-20 as schools were indefinitely closed since March 14, 2019 due to Covid pandemic

Curb digital dacoity

The instant loan app menace underscores the need for a robust data security mechanism

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