NBFCs are scurrying around for funds to cope with falling market valuations, asset-liability mismatches and rising delinquencies.
Dewan Housing Finance is going the IL&FS way or will be eventually sold if the problem is not fixed expeditiously,” says a CEO of a Mumbai-based nonbanking finance company or NBFC. The company has been struggling with asset-liability mismatches. So far, it has taken a decision to divest two group businesses (education loan and affordable housing finance companies), sold a part of its assets and claims to have repaid over 30,000 crore to creditors, including fixed deposit holders. But the mismatches refuse to go away. It desperately needs to raise longer-term funds, ensure faster sell-down of loans to builders and bring strategic investors. Any delay will push the company, which has a bank loan exposure of close to 40,000 crore, in the danger zone. The recent credit rating downgrade has already closed the fixed deposit window.
Another NBFC, Reliance Capital, with interest in a host of financial services, including insurance, is facing repayment issues with two of its financial services arms — home finance and commercial finance units. This Anil Ambani-owned company has already decided to sell its non-core investments in media and entertainment, private equity, radio, etc. This week, it decided to sell the entire stake in the mutual fund business. Another fast-growing NBFC, Indiabulls Housing Finance Ltd, has also come under pressure due to its risky large ticket commercial real estate and loan against property portfolio. The company claimed to have raised 50,000 crore in the last six months to improve its liquidity and liability profile. Luckily, Indiabulls Finance has got a prize catch in terms of the proposed merger with private sector Lakshmi Vilas Bank.
Bu hikaye Business Today dergisinin June 16, 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Today dergisinin June 16, 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.
