Finance Ministry Hosts Workshop To Strengthen Inclusivity In Financial Sector

New Delhi, Mar 2 (KNN) The Department of Financial Services (DFS), under the Ministry of Finance, organised a two-day workshop focussed on implementation of government’s reservation policy in public sector banks, state-run insurance companies, regulators and other government-controlled financial insitutions. The workshop was held at the Bank of Baroda AcademyContinue Reading

Profitability Of Gold-Loan NBFCs Seen Stable At 4.25–4.5% In FY27: Crisil Ratings

New Delhi, Mar 5 (KNN) Non-banking financial companies (NBFCs) focused on gold loans are expected to maintain strong profitability, with average return on managed assets (RoMA) projected at about 4.25–4.5 per cent through this and the next fiscal, according to Crisil Ratings. The outlook is supported by strong demand, improvingContinue Reading

NBFC-MFIs Diversify Lending Portfolio, Expand Into MSME And Secured Credit Segments

New Delhi, Mar 7 (KNN) Non-banking financial companies with microfinance arms (NBFC-MFIs) in India are increasingly expanding into non-microfinance credit segments such as MSME loans, loan-against-property (LAP), affordable housing and vehicle financing as part of a strategic shift to diversify risk and reduce portfolio concentration. Industry participants say that evolvingContinue Reading

16th Finance Commission Reforms May Benefit State Finances In The Long Term: Crisil Ratings

New Delhi, Mar 7 (KNN) The 16th Finance Commission’s emphasis on reducing revenue deficits and increasing growth-oriented capital spending is expected to strengthen states’ fiscal health over the long term though near-term constraints remain due to limited additional fiscal support, as per Crisil Ratings. The commission, which recommends fiscal transfersContinue Reading