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NBFCs paying more to take the longer route

Saturday, August 10, 2019, 8:31 PM

Cost of funds for non-banking finance-companies is swelling since many of them are shifting towards issuing long-term bonds to diversify their borrowing portfolios and lessen immediate repayment obligations. The NBFC industry is gripped by credit-crisis after IL&FS Group-companies started defaulting on payments in August last-year. Credit from non-bank lenders, which contribute 20% to overall loans in economy, dropped 69% at the end of March.
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Tata Capital offers NCDs with annual interest up to 8.85%

Thursday, August 8, 2019, 8:46 PM

Tata Capital Financial Services Ltd has announced the issue of secured and unsecured redeemable NCDs. The issue, which will give an annual coupon or interest rate of up to 8.85%, will be open from 13-23 August. The NCDs are being offered for tenors of three, five, eight and 10-years with annual interest payments. The NCDs have been rated AAA(Stable) by CRISIL and CARE Ratings.
 
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The scorching pace of bank credit growth to NBFCs

Thursday, November 1, 2018, 3:12 PM

The monthly data on bank credit to various sectors is now available till September-2018. Chart 1 shows the scorching pace of bank credit growth to non-banking financial companies (NBFCs) continued in September, although the Infrastructure Leasing and Financial Services Ltd's (IL&FS) debacle had come to light in that month. Chart 2 shows bank credit going to NBFCs as a percentage of total bank credit.

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