Tag: NBFCs

Three ways to get a better personal loan rate

Lenders consider multiple factors, including the loan applicant’s credit score, monthly income, job profile and employer’s profile, before they sanction a personal loan. Increasing the...

electric two-wheelers: NBFCs set wheels in motion to fund Bharat’s e-ride

Manufacturers of electric two-wheelers are taking their scooters and motorcycles beyond the top cities, and that is making non-bank lenders excited. Non-bank finance companies (NBFCs)...

MFs increased fund allocation in domestic cyclicals, IT in FY21

MUMBAI : Even as consumer demand was low due to complete lockdown in most part of financial year 2021, mutual funds in India preferred to...

Will you benefit from the home loan rate cuts?

SBI has reduced home loan rates to 6.7% for loans up to ₹75 lakh, while Kotak Mahindra Bank‘s offer starts at 6.65%. SBI has a...

Things to keep in mind before taking gold loan

Gold loans can help one tide over a temporary cash crunch. You can get a loan quickly with minimum paperwork. The lender doesn’t check credit...

Expect real NPA pain for banks to show up in July-Sept quarter

Deepak Shenoy, Founder of Capital Mind, says NBFCs have been enjoying a huge regulatory arbitrage over banks in their ability to borrow from the bond...

RBI remains steadfast to take any further measures to support growth: Shaktikanta Das

CHENNAI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said the central bank remains steadfast to take any further measures as may be...

Mutual funds reduce exposure to NBFCs by half in two years

Debt mutual funds have cut their exposure to India’s Non banking Finance Companies ( NBFCs) to almost half from a two year ago period, as...

Check if a home loan switch works for you

If you have an ongoing loan with a tenure of over 10 years, a difference of even 50 basis points (bps) can result in substantial...

RBI brings in norms to curb malpractices by lending apps

To curb malpractices by digital lending platforms, the Reserve Bank of India (RBI) has come up with a list of measures that lenders and their...

Confusion prevails over EMI moratorium

For the past one month, Sandeep Kumar Sahoo has been emailing his lender to offer him moratorium. The 23-year-old student from Jamshedpur had taken a...

Retail loan demand sees uptick, but banks may be wary of lending

Earlier this month, Mint reported that banks did not expect retail loans to pick up immediately, as consumer demand could take some time to recover...

Nifty levels: Enter Nifty at current levels from 3-5 years’ perspective: IIFL Wealth

Over the next three to six months, consolidation will be the key, says Karan Bhagat, managing director. You sound fairly confident that this is the...

Coronavirus impact: NBFCs urge RBI to allow draw-down from reserves for provisioning

Mumbai: Non-banking financial companies (NBFCs) on Friday requested the Reserve Bank of India (RBI) to allow them to draw-down from their reserves for making additional...

View: Back to basics is the way ahead

By KP Krishnan Prior to Prime Minister Narendra Modi’s announcement of a very welcome second Covid-19 economic stimulus package of Rs 20 lakh crore on...

Banks lend whopping Rs 1.15 lakh crore to NBFCs in March

Banks’ lending to Non-Banking Finance Companies surged in March, the highest on month since 2008, as the shadow lending industry bulked up before the financial...