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Correction in markets healthy, will be concerned only if Nifty goes below 13,600: Atul Suri
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After a growth moderation in FY21, Non-Bank Finance Companies (NBFCs) are estimated to witness a 9.5 per cent jump in their assets under management in FY22, a report said on Thursday. Housing Finance Companies (HFCs) will post a higher growth at 10 per cent as home sales go up, India Ratings and Research said, maintaining its stable outlook on both NBFCs and HFCs for FY22. It estimated the growth to slowdown to 4-5 per cent for NBFCs and 6.5 per cent for HFCs in FY21, driven largely by the impact of the coronavirus pandemic. The system liquidity has improved considerably while the majority of large non-banks have strengthened their capital buffers and the sector has started witnessing disbursement growth, the rating agency said.
NBFC: Asset growth at NBFCs, HFCs to see nine percent jump in FY22, says India Ratings report
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With the impetus of the new KPK industrial policy 2020-2030, the province is at the center stage of CPEC related economic growth, investment opportunities, modern industrialization, job creations and socio-economic dividends.
KKP-BOIT, being at the forefront in doubling down efforts of KPK for achieving growth targets, has raised awareness for audiences through national webinars about how KPK is a golden land for foreign investors, and how the ease of doing business environment has been conducive for Chinese enterprises and other international players.
Two National Webinars are “Cross Border Trade Facilitation organized by Small and Medium Enterprises and Development Authority (SMEDA) in collaboration with United Nation Development Program (UNDP)” and “Promotion of Housing Finance Companies (HFCs) for developing Housing Sector in Pakistan, co-organized by SECP, IFC-World Bank Group & PMRC”.
AUM of non-banks to revive 7-9% in FY22: ICRA
January 06, 2021
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The assets under management (AUM) of non-banks would revive in FY22 to about 7-9 per cent vis-à-vis a flattish performance in the current fiscal, according to credit rating agency ICRA.
The aforementioned projection specifically pertains to non-banking finance companies (NBFCs), excluding infrastructure NBFCs and Housing Finance Companies (HFCs).
The agency said non-banks would require additional funding lines of about ₹1.9-lakh crore to ₹2.2-lakh crore, apart from the refinance of the existing lines, to achieve the above-mentioned growth in FY22
NBFCs [excluding infra NBFCs] and Housing Finance Companies segment’s AUM had registered a growth at a CAGR (compounded annual growth rate) of 16 per cent over the period between March 2016 and March 2020.
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