DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Dhanya Ann Thoppil - 2 Francis Mascarenhas - 1 Dhananjay Sinha - 1 Shaktikanta Das - 1 Transunion - 1 Systematix - 1 Sinha - 1 Siddhi Nayak - 1
Top related locs:
India Mumbai Reserve Bank of India Bengaluru MUMBAI HDFC
Top related orgs:
Thomson - 2 Bank of India - 1 REUTERS - 1 Rights - 1 Reserve Bank of - 1 NBFCs - 1 Systematix Research - 1 Siddhi - 1

Search resuls for: "NBFCs"


3 mentions found


☆ India cenbank tightens rules for personal loans, credit cards amid demand surge
  + stars: | 2023-11-16 | by ( Siddhi Nayak Ira Dugal | Siddhi Nayak | Ira Dugal | ) www.reuters.com   time to read: +3 min
REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Nov 16 (Reuters) - India's central bank on Thursday tightened norms for personal loans and credit cards, raising the risk of slowing loan growth. Reuters GraphicsRBI Governor Shaktikanta Das said last month the central bank was closely monitoring some fast-growing personal loan categories for signs of stress. Subsequently, Reuters reported that the RBI was particularly concerned with the surge in small personal loans and was considering tighter rules for such borrowings. Unsecured personal loans increased 23% from a year ago as of Sept. 22, 2023, while outstanding amounts on credit cards jumped nearly 30%, central bank data shows. "In particular, limits shall be prescribed for all unsecured consumer credit exposures," the central bank said.
Persons: Francis Mascarenhas, Dhananjay Sinha, Shaktikanta Das, Transunion, Systematix, Sinha, Siddhi Nayak, Ira Dugal, Shinjini Ganguli, Dhanya Ann Thoppil Organizations: Bank of India, REUTERS, Rights, Reserve Bank of, NBFCs, Systematix Research, Reuters, Siddhi, Sethuraman NR, Thomson Locations: Mumbai, India, Reserve Bank of India, Bengaluru
☆ Analysis: HDFC Bank-HDFC merger set to shake up debt funding for non-bank borrowers
  + stars: | 2023-06-23 | by ( Dharamraj Dhutia Bhakti Tambe | Dharamraj Dhutia | Bhakti Tambe | ) www.reuters.com   time to read: +3 min
In the fiscal year 2022 through 2023, HDFC raised 784.15 billion from the debt market, higher than the 500 billion rupees a year before. It has raised 460.62 billion rupees since April this year. Mutual funds hold around 270 billion rupees of HDFC's bonds as of May 31, data from information service provider Prime Database showed. Rival LIC Housing Finance may be the biggest beneficiary of HDFC exiting the market, fund managers said. Other competitors such as ICICI Home Finance, Bajaj Housing Finance, Tata Capital Housing Finance and Shriram Housing Finance could also see an increase in demand for their debt issuances, they said.
Persons: HDFC, Raju Sharma, HFCs, Ajay Manglunia, Laukik Bagwe, Bagwe, IDBI Mutual Fund's Sharma, Dharamraj Dhutia, Dhanya Ann Thoppil Organizations: Housing Development Finance Corp, HDFC Bank, Reuters, IDBI Mutual Fund, Securities and Exchange Board of India, JM Financial, AAA, Mutual, LIC, Finance, ICICI Home Finance, Bajaj Housing Finance, Tata Capital Housing Finance, Shriram Housing Finance, Mutual Fund, IDBI Mutual, Thomson Locations: MUMBAI, India, HDFC
☆ Indian banks may need to lift deposit rates as credit demand surges - RBI report
  + stars: | 2022-12-27 | by ( Siddhi Nayak | ) www.reuters.com   time to read: +3 min
While banks have swiftly transmitted the hikes to their lending rates, deposit rates have been laggards for most. To fund this credit growth, banks are mobilising deposits at a faster pace amid tight banking system liquidity in recent weeks. The transmission repo rate increase during May-October to deposit rates is likely to provide a "fillip" to deposit growth rates, the report said. The RBI said it was imperative that banks ensure due diligence and robust credit appraisal to limit credit risk. "The uncertainties characterising fast-changing macroeconomic scenario amidst formidable global headwinds during 2022-23 can pose new challenges to the banking sector," the RBI said.
0 next >>
Total: 3