Friday, November 29, 2019

Banks gave about Rs 72,136 crore to NBFCs from April to October 2019

• Banks gave about Rs 72,136 crore to non-banking financial companies (NBFCs) from April to October 2019, as against Rs 66,222 crore in same period last year

• Banks are supporting finance companies also by buying the high retail loan pools (home, consumer loan) and SME


• After IL&FS default in Q2FY19 banks have turned cautious in taking additional exposure

• Giving money mostly to NBFCs which extend retail and SME loans. The wholesale lenders are struggling to get extra funds

• Lenders have stepped up scrutiny of loan profile of finance firms. They are charging higher interest rate and higher collateral cover for exposures.
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4 comments:

  1. DariyaJune 25, 2020 at 3:26 AM

    Thanks for sharing the information. That’s a awesome article you posted. I found the post very useful as well as interesting. I will come back to read some more Nifty50

    ReplyDelete
  2. DariyaAugust 3, 2020 at 2:48 AM

    Hey...Great information thanks for sharing such a valuable information
    UCO Bank
    Financial sector
    prompt corrective action

    ReplyDelete
  3. Phani KumarAugust 11, 2020 at 2:27 AM

    Hey, thanks for the information. your posts are informative and useful.
    HDFC Bank
    Nifty

    ReplyDelete
  4. AdyAugust 31, 2020 at 6:22 AM

    Thanks for sharing valuable information
    Shriram Transport Finance Co. Ltd
    Oberoi Realty Ltd

    ReplyDelete

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