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NBFCs tap alternatives to grow as loans from banks slow: Crisil Ratings Crisil Ratings has said that non-banking financial companies (NBFCs) are increasingly attempting to access funding sources beyond banks, such as through non-convertible debentures (NCD), commercial papers (CP), foreign currency borrowings (FCB) and securitisation, to continue their growth march. As per the rating agency, this follows challenges in availability of bank loans as freely as in the past after risk weights on bank lending to higher-rated NBFCs were raised last year.  A stud...
NBFCs tap alternatives to grow as loans from banks slow: Crisil Ratings
NBFCs tap alternatives to grow as loans from banks slow: Crisil Ratings
Source: Accord Fintech
2024-10-03 10:39:09 am
Organised gold loans to reach Rs 15 lakh crore in India by March 2027 The organised gold loans by banks and non-banking financial companies (NBFCs) are set to exceed Rs 10 lakh crore in the current fiscal, with a projection to reach Rs 15 lakh crore by March 2027, a report showed on Wednesday.  Rating agency ICRA said that banks remain dominant driven by their gold jewellery-backed agriculture loans. Public sector banks (PSBs) accounted for about 63 per cent of overall gold loans in March 2024, up from 54 per cent in March 2019, while the NBFC and priva...
Organised gold loans to reach Rs 15 lakh crore in India by March 2027
Organised gold loans to reach Rs 15 lakh crore in India by March 2027
Source: IANS
2024-09-25 11:45:33 am
Account Aggregators facilitating loan disbursement worth Rs 4,000 cr a month In a remarkable achievement of the country’s fintech ecosystem, the Account Aggregator (AA) framework is now being used to facilitate loan disbursement worth about Rs 4,000 crore a month, a report showed on Monday.  The lending firms have used the AA framework to facilitate loans worth Rs 42,300 crore since September 2021 till March 2024, with cumulative average loan ticket size at Rs 1,00,237 for the same period, according to Sahamati, an industry alliance for the AA ecosystem ...
Account Aggregators facilitating loan disbursement worth Rs 4,000 cr a month
Account Aggregators facilitating loan disbursement worth Rs 4,000 cr a month
Source: IANS
2024-09-16 02:34:25 pm
Loan book of India`s SFBs to grow by 25-27% in FY25: Crisil Crisil Ratings in its latest report has said that small finance banks (SFBs) are expected to grow their loan book by a robust 25-27 per cent this fiscal year (FY25). However, it said the growth in loan books will be slightly lower than the previous fiscal growth of 28 per cent. It stated growth will be sustained by segmental and geographic expansion supported by a robust and growing presence in semi-urban and rural markets with significant unmet demand. It said, noting the difficulty of mo...
Loan book of India`s SFBs to grow by 25-27% in FY25: Crisil
Loan book of India`s SFBs to grow by 25-27% in FY25: Crisil
Source: Accord Fintech
2024-08-27 10:18:17 am
India`s retail lending showed moderated growth during quarter ending Sept 2023  India’s retail lending showed moderated growth during the quarter ending September 2023 as financial institutions tightened the supply of credit, especially on consumption-led products like credit cards, consumer durable loans, and personal loans. Credit performance, as measured by balance-level delinquencies, improved across most products, apart from credit cards and personal loans, as per TransUnion CIBIL Credit Market Indicator (CMI) report for September 2023. The CMI fin...
India`s retail lending showed moderated growth during quarter ending Sept 2023
India`s retail lending showed moderated growth during quarter ending Sept 2023
Source: IANS
2024-02-06 05:30:42 pm