According to a report by Jefferies, country's largest NBFC Bajaj Finance will likely witness a 220 basis points (bps) moderation in its capital position as of September end, whereas SBI Cards would see its capital ratio moderating by 402 bps.Cyrus Poonawala-promoted Poonawala Fincorp also expects an impact of around 220 bps in its capital adequacy ratio due to the central bank's diktat.
Banks including State Bank of India (SBI), Punjab National Bank, HDFC Bank, ICICI Bank, Canara Bank, Axis Bank, Indian Bank, among others, will likely see an impact between 18 bps to 80 bps, with IDFC First Bank getting impacted the most-80 bps.
A source at SBI Cards told FE that this was a positive move by the RBI to ensure "prudent growth" in unsecured lending and confirmed that the directive would lead to a 400-bps compression in SBI Cards' CRAR. "As of now, we are well capitalized and well above the regulatory guideline of 15%. If required, we will augment tier 2 capital. There is no need for us to raise equity. We are a profitable company, and our profits are sufficient to fund growth," the source said.
هذه القصة مأخوذة من طبعة November 18, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة November 18, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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