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NBFCs asset under management shrinks in Q1 FY22: Report
The headline asset quality numbers are expected to moderate, as the trend in the collection efficiencies (CE) continues to remain encouraging
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Be credit ready before availing a loan
Make sure you factor in your monthly investments for crucial financial goals while checking your EMI affordability
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NBFC-MFIs gross loan portfolio may grow by 10-15% in FY22
The Portfolio At Risk (PAR) levels for the MFI industry spiked in FY21 due to the lockdown in the first half of the year.
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Nothing alarming about rise in MSME bad loans: RBI
The stress level among small business borrowers is not very high, says RBI Deputy Governor Mukesh Jain
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Sundaram Finance to revise interest rates on deposits
The interest rate on fresh deposits and renewals stand revised to 5.50% per annum as against 5.75% earlier, for deposits with a tenure of 12 months
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Recast loans at non-banks may double by this fiscal-end
Restructured book for NBFCs is expected to be 4.1-4.3% as of March 2022 (as against 2.2% in March 2021), according to ICRA
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A look at home loan rates offered by top banks
NBFCs appeal to people who want to borrow a larger amount or people with low credit scores. They usually offer high interest rates compared to banks
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These lenders may benefit from FM's relief package
Government will guarantee banks to lend to NBFC- MFIs for on-lending to their small microfinance borrowers
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Moneyboxx Finance aims to triple loan disbursal to Rs 180 cr in FY22
With the assets under management of Rs 62 crore, the company had disbursed loans of Rs 55 crore during the financial year ended March 2021
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RBI prescribes qualifications for MDs, WTDs of UCBs
RBI said MPs, MLAs and representatives of municipal corporations will not be eligible to hold such positions in the primary urban cooperative banks
