Introduction Non-Banking Financial Companies (NBFCs) are also known as shadow banks. There are more than 9,500 NBFCs registered with Reserve Bank of India (RBI). The […]
Tag: NBFCs
NBFCs’ collection efficiency close to pre-Covid levels: ICRA
Nearly three years after the Covid-19 outbreak, the collection efficiency of microfinance-focused non-banks and unsecured SME (small and medium-sized enterprises) pools has topped 98% of […]
More non-banks, MSMEs likely to tap TReDS platform
The central bank’s move to allow insurance companies to participate in the ₹60,000 crore TReDS platform is likely to increase the participation of non-banks and […]
NBFC-MFIs dominate microfinance market, says new report
The NBFC-MFIs (non banking finance company-micro finance institutions) group dominated the microfinance market with portfolio share of 35.1% as of September last year, credit information […]
Banks open loan taps to top performers among smaller NBFCs
Bank lending to NBFCs rose 31% in September 2022. Rating agency India Ratings has said that with the sharp rise in banks’ lending rates and […]
NBFCs turn to newer asset classes in quest for returns
Non-banking financial companies (NBFCs) have started realigning portfolio strategies for better risk-adjusted returns, with focus on unsecured loans and micro, small and medium enterprise (MSME) […]