Chennai-based BFSI player Shriram Finance expects much better growth in the second half of the financial year ending in March 2026. Over the next six months, the RBI’s rate reduction is expected to reflect in NBFCs. According to Umesh Revankar, Executive Vice Chairman of Shriram Finance, typically NBFCs have around 20–30% of their borrowings from
Based on feedback from the industry and the government’s department of financial services, the final norms are easier than the previously proposed draft norms. They include a higher loan-to-value (LTV) ratio for small-ticket loans and don’t require credit appraisal for such loans. The deadline to implement these guidelines has also been extended to April 2026.
Fintechs believe the provisioning variance is due to the differentiated interpretation of Ind-AS accounting standards, which allow for a ‘risk mitigant’ like Default Loss Guarantee to be considered while calculating the expected credit loss (ECL) provisions. Unified Fintech Forum and self-regulatory organisation Fintech Association for Consumer Empowerment (FACE), in their representiations to the Reserve Bank
MUMBAI: Non-banking financial companies (NBFCs) are increasingly looking overseas for funds as domestic banks have been slow in passing on the benefits of the recent 50 basis points (bps) repo rate cut, according to experts. Many banks have only marginally reduced their marginal cost of funds-based lending rate (MCLR) by 5-10 bps, prompting NBFCs to
Shriram Finance, one of India’s largest retail-focused NBFCs, has emerged stronger after a successful merger between group entities – Shriram Transport Finance and Shriram City Union in 2022. After a 10-year lull, where the stock went nowhere, it’s grown from ₹240/share to ₹650/share (2.7X) over the last 24 months. With disbursements growing steadily and funding