THE RESERVE BANK of India's (RBI) move on Tuesday disallowing lenders from investing in alternative investment funds (AIF) which have invested in a debtor company, is likely to impact the net worth of select non-banking finance companies (NBFCs), analysts said.
According to a report by Jefferies, Piramal Enterprises has ₹4,500 crore, or 7% of overall assets under management (AUM), as investments in AIFS, whereas IIFL Finance has nearly ₹1,100 crore, or 2% of its overall AUM, as AIF investment as of March end. These AIFS have made investments in debtor firms of the two NBFCs, but the investments are mostly in accounts where the exposure preceded the last 12 months. Investment in debtor firms where the two NBFCs had any exposure in the last 12 months may be limited.
A report by IIFL Securities said Indiabulls Housing Finance, Edelweiss Financial Services, Kotak Mahindra Bank and IndusInd Bank have invested about 5.3%, 4.4%, 2.6% and 1.5% of their overall value of loans and investments into AIFS, respectively.
Taking cue from the adverse analyst commentary, Indiabulls Housing Finance's shares tanked 11.1% to Rs 203.10 on the BSE.
この記事は Financial Express Mumbai の December 21, 2023 版に掲載されています。
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この記事は Financial Express Mumbai の December 21, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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