Ever since RBI has implemented the Scale Based Regulations Framework i.e. SBR, non-banking financial companies i.e. NBFCs have been performing well. According to the report, this sector has increased lending by more than 10 percent. According to the RBI report, the ratio of bad non-performing loans (NPAs) has declined since the introduction of the SBR in October 2022.
According to the report, NPA in December 2021 ranged between 4.4 percent to 10.6 percent. From 2.4 percent to 6.3 percent by December 2023. RBI said in its recently issued bulletin, NBFCs need to be conscious of the rapidly evolving financial scenario, risk management and internal audit. However, these views are not those of the RBI, but of the authors of the bulletin.
RBI has placed 15 NBFCs as part of the upper layer under the SBR framework. These include LIC Housing, Bajaj Finance, Shriram Finance, Tata Sons, L&T Finance, Indiabulls Housing Finance, Piramal Capital and Housing Finance, Mahindra & Mahindra Financial Services, PNB Housing Finance, Aditya Birla Finance, HDB Financial Services, Bajaj Housing Finance and Tata Capital. There are major names like Financial.
Tata Sons will have to launch IPO
So far, except Tata Sons, other companies have started steps for listing in the upper layer list. However, Tata Sons is still trying to avoid listing. According to the rules, it has to be listed by September next year. But it wants to avoid listing by repaying the debts and through various other reasons.
Comments are closed.