New Delhi, October 1, 2024 (TBB Bureau): India Inc’s credit quality has shown significant improvement, driven by resilient domestic growth and continued government policy support, according to leading credit rating agencies. CRISIL Ratings reported 506 company upgrades in the first half of the current fiscal, compared to 184 downgrades. This resulted in an upgrade-to-downgrade ratio of 2.75, a substantial rise ...
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As bank loans slow, agile NBFCs tap alternative funding sources for growth
Bhubaneswar, September 30, 2024 (TBB Bureau): Non-banking financial companies (NBFCs) are increasingly turning to alternative funding sources such as non-convertible debentures (NCDs), commercial papers (CPs), foreign currency borrowings (FCBs), and securitisation to fuel their growth. This shift comes amid a slowdown in bank loans after risk weights on lending to higher-rated NBFCs were raised last year. A recent analysis of ...
Read More »Diamantaires brace for decadal-low revenues as demand slumps
Bhubaneswar, September 25, 2024 (TBB Bureau): India’s natural diamond polishing industry is poised for a significant downturn, with revenues expected to plummet by 25-27% year-on-year to around $12 billion this fiscal—marking a decadal low. The sharp decline is attributed to muted demand in key export markets, such as the US and China, a 10-15% drop in diamond prices due to ...
Read More »Education loan AUM of NBFCs set to surpass Rs 60,000 crore in FY25
Mumbai, September 03, 2024 (TBB Bureau): Education loans, particularly those aimed at funding overseas studies, are emerging as one of the fastest-growing segments for non-banking financial companies (NBFCs) in India, driven by increasing demand for higher education. According to CRISIL Ratings, NBFCs’ education loan assets under management (AUM) are projected to grow by 40-45 per cent this fiscal, crossing the ...
Read More »Small finance banks to grow advances by 25-27pc this fiscal, driven by diversification and penetration
New Delhi, August 26, 2024 (TBB Bureau): Small finance banks (SFBs) are projected to witness a robust growth in advances, estimated at 25-27% this fiscal, slightly lower than the previous fiscal’s 28% growth. The expansion is expected to be fueled by both segmental and geographical diversification, with a strong and increasing presence in semi-urban and rural markets, which continue to ...
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