Fundamentals are not causing the financial fallout. It’s Because They’re Over-Owned

The Turkish lira slipped 15% against the US dollar earlier this week after President Recep Erdogan defended a rate cut and vowed to win the “economic war of independence”. Last Thursday, Turkey’s central bank cut its policy rate by 100 bps to 15% and indicated that more easing would come by the end of the … Read more

180 bps more NPAs likely for NBFCs, says ICRA

The non-performing assets of non-banking finance companies are expected to increase because of the revised rules for recognition and upgradation of bad loans, the rating company said. It has projected the NPAs of NBFCs to increase by 160-180 basis points by the end of March 2022 as compared to a year ago. For housing finance … Read more

180 bps more NPAs likely for NBFCs, says ICRA

The rating company said the non-performing assets for NBFCs are likely to increase after the revised bad debt recognition and upgradation norms. It projected an increase of 160-180 basis points in NPAs for NBFCs by the end of March 2022 from the level of March 2021. NPAs of housing finance companies (HFCs) are expected to … Read more

Positive on banking stocks, especially largecap stocks: Shibani Sarkar Kurien

“We are evaluating each new age tech IPO on a technology specific basis,” says Shibani Sarkar Kurien, Senior EVP, Fund Manager and Head-Equity Research, Kotak Mahindra AMC. What are you doing with the full IPO and the newly listed space now? Do you see any foam of evaluation coming out there? After the listing debacle, … Read more

Five Star Business Finance to file DHRP this week, seeks over $3 billion valuation

MUMBAI: Chennai-based, non-banking financial company Five Star Business Finance will file its draft red herring prospectus (DRHP) with markets regulator SEBI this week for an initial public offering of Rs 2,700 crore, according to people aware of the development. . . The NBFC, backed by TPG Capital, Sequoia, Matrix Partners, Norwest Venture, KKR and TVS … Read more