SC directs Center/RBI to review interest waiver matter
Next hearing scheduled for first week of Aug’20
* The Supreme Court (SC), in a hearing on 17th Jun&rsq..
NBFCs have been going through a liquidity crisis over the past two years and the Covid-19 pandemic has only worsened the situation.
Mahesh Thakkar, the Director Genera..
Stable growth amidst slowdown
Can Fin Homes Ltd is the housing finance arm of Canara bank. The company has dominance in south India with focus on Tier 1 and Tier 2 cit..
Uncertain times ahead
* EDEL reported weak Q4 results, with AUM falling for the fourth straight quarter). AUM declined 47.1% YoY and 32.2% QoQ to Rs191bn amid tight li..
Tight liquidity dictates balancing act
Barring lockdown impactin the last week of March, Q4FY20 was an operationally stable quarter for ShriramCity Union Finance (SCUF..
Slowing growth; improving collections
* Bajaj Finance (BAF) has reported Rs1.38tn in AUM (down 6% qoq/up 7% yoy), slowest growth in the past 10 years.
* Slowing gro..
Strategic business transition evident
IIFL Wealth &Asset Management’s Q4FY20 earnings reflect focus on transition towards more sustainable recurring revenues..
Weakness will get amplified in a tough environment
Magma Fincorp (Magma) reported a Q4FY20 loss of Rs355mn led by lower NII and higher effective tax rate. Magmaranks b..
Corporateasset quality deteriorating
AUM declines sequentially; GNPL ratio spikes
* PNBHOUSI reported INR2.4b net loss (v/s est. of INR2.4b PAT) in 4QFY20, dri..
Technical Stock Pick - Buy Shriram Transport Finance Ltd For Target Rs. 862 - HDFC Securities
After correcting sharply from a high of 1367 touche..
Finance Industry Development Council (FIDC), the industry body of NBFCs has written to the Finance Minister seeking inclusion of all loans given to individuals for purcha..
The company reported standalone net profit of Rs 693.53 crore for the quarter ended March 31, 2020 as compared to Rs 875.39 crore in the same period last year, registerin..
Accelya Solutions In Q4 net profit up 32.35% at Rs 24.71 cr
US dollar rises after Fed policy meeting
Rupee rises by 12 paise to Rs 69.05 against dollar
Headwinds recede for Tata Motors, but it is not out of the woods just yet
Infosys signs agreement with U.S. IRS; sees lower tax rate
Third consecutive high double digit IIP decline in May`20 - Mr. Nikhil Gupta, Motilal Oswal
Exclusive: Italy pushes to end stalemate over single broadband network - source
Germany could take further public stakes in companies: minister
Head of leading Hispanic-owned U.S. food company sparks backlash over praise for Trump
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