Tight liquidity pushes housing finance companies to take portfolio sell-down route

Tight liquidity pushes housing finance companies to take portfolio sell-down route

This is a golden opportunity for banks to increase their portfolio: ICRA Tight liquidity conditions since September 2018 has pushed housing finance companies (HFCs) to lower their disbursements and meet a sizable portion of their fund requirement through portfolio sell-down...
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Weekly Tactical Pick: Indostar Capital Finance

Weekly Tactical Pick: Indostar Capital Finance

Moneycontrol Research Team We are recommending Indostar Capital Finance (CMP: Rs 350, market capitalisation: Rs 3,200 crore), the asset financing non-banking financial company (NBFC), as a tactical pick. Primarily, a wholesale financier, it forayed into SME...
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GJEPC asks banks to adopt its KYC databank to finance diamond trade

GJEPC asks banks to adopt its KYC databank to finance diamond trade

Mumbai: Gem & Jewellery Export Promotion Council (GJEPC), a nodal trade body sponsored by the commerce ministry, is pursuing banks to adopt its online know your-customer databank of 2,500 exporters as a means to mitigate risk and improve lenders’ per...
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Family finance: Why salaried Shah couple can achieve money goals easily

Family finance: Why salaried Shah couple can achieve money goals easily

Ketan and Prachi Shah from Ahmedabad get a combined monthly salary of Rs 1.64 lakh and are left with a surplus of Rs 25,066. Their portfolio is equity-oriented, but Financial Planner Pankaaj Maalde suggests they reduce the number of mutual funds to...
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Buy Shriram City Union Finance; target of Rs 2000: Motilal Oswal

Buy Shriram City Union Finance; target of Rs 2000: Motilal Oswal

Motilal Oswal’s research report on Shriram City Union Finance Shriram City Union Finance’s (SCUF) PAT increased 2% YoY to INR2.6b in 3QFY19 – a 10% beat – largely driven by provision write-back of INR161m. On a PPoP basis, there was a...
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Fincare Small Finance Bank to raise Rs 250 cr for expansion

Fincare Small Finance Bank to raise Rs 250 cr for expansion

Fincare Small Finance Bank is planning to raise Rs 250-300 crore capital to fund its expansion plans in alendar year 2019. Disclosing this at a press conference to announce the launch of its operations in Hyderabad here on Friday, Rajeev...
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