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Over 75% NCD issues of NBFCs went undersubscribed

Monday, August 26, 2019, 8:18 AM

A crisis of confidence has gripped investors putting money in debt papers of Non-Bank Finance Companies (NBFCs). More than three-fourth of the total 28 Non-Convertible Debenture (NCD) issues by NBFCs in the last 10 months were under-subscribed, despite offering higher yields. Between September 2018 and June 2019, only 6 out of 28 NCD public issues by non-bank lenders were fully subscribed.
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RBI rules out asset quality review of NBFCs for now

Monday, August 19, 2019, 4:06 PM

Even as he reiterated the regulatory resolve to not let any large NBFC fail, RBI governor Shaktikanta Das ruled out ordering an asset-quality review of the systematically important shadow banks for now. "It is our endeavour to ensure that no large NBFC collapses," Das reiterated and said the objective of the RBI is to harmonise the liquidity requirements for banks and non-banking finance companies.
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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.