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deveshkayal
Senior Member
Joined: 04/Sep/2006
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Posts: 3903
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   Posted: 04/Dec/2007 at 1:43pm |
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Banks will now have a tough time recovering loans below Rs.10 lakhs due to the new RBI norms on recovery agants.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
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Posted: 04/Dec/2007 at 1:44pm |
Originally posted by deveshkayal
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After seeing this link, I realized that world of NBFC is going to expand beyond my imagination. Even MNC Banks are queuing for it. 
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Don't bet on pig after all bull & bear in circle.
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jack
Newbie
Joined: 28/Nov/2006
Location: Bahrain
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Posts: 25
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Posted: 04/Dec/2007 at 4:39pm |
Whether fullerton is lisited?
Thanks
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luke123
Senior Member
Joined: 02/Sep/2007
Location: India
Online Status: Offline
Posts: 427
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Posted: 04/Dec/2007 at 4:51pm |
Originally posted by xbox
Originally posted by deveshkayal
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After seeing this link, I realized that world of NBFC is going to expand beyond my imagination. Even MNC Banks are queuing for it. |
Citi Financial is the biggest NBFC in India. This is a preferred route for MNCs as they don't get branch banking licenses in India. Raising deposits would be a challenge but they will figure out a way to finance this via securitisation etc. All kinds of lending can be done by NBFCs but are disadvantaged in not having access to lower cost deposits (CASA) but then they don't have to do things like SLRs, priority sector lending etc. But there is a scope for a lot of people. Businessmen, traders raising money on 3 taka or chit funds will be their customers as salaried people can get all kinds of loans from banks. Key would be the nature of business: secured, unsecured etc. The success will depend on risk management practices like having lower loan to value ratios for secured assets etc. xbox, perfect timing for starting this thread. Luke
Edited by luke123 - 04/Dec/2007 at 4:54pm
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luke123
Senior Member
Joined: 02/Sep/2007
Location: India
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Posts: 427
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Posted: 04/Dec/2007 at 4:58pm |
Originally posted by jack
Whether fullerton is lisited?
Thanks |
Fullerton is not listed. It is a wholly owned subsidiary of Temase k,Holdings, Singapore. I was surprised by how small their loan book is (2500cr). Indiabulls is doing 2000cr a quarter in lending and they are only a year old and half the branches of Fullerton.
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tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
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Posts: 3542
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Posted: 04/Dec/2007 at 8:49pm |
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today i saw fullerton boys doing door to door mkting all over town they also had an ooh truck with loud music going all over town
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
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Posted: 12/Dec/2007 at 4:20am |
Nail in the coffin. Jai ho NBFC devta kee!!!
<<Some of the recent share mortgage deals were one example of how NBFCs are eating bank's pie....  >>
Edited by xbox - 12/Dec/2007 at 7:13am
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Don't bet on pig after all bull & bear in circle.
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Vamsee
Senior Member
Joined: 09/Dec/2007
Location: United States
Online Status: Offline
Posts: 149
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Posted: 12/Dec/2007 at 4:59am |
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xbox,
The news posted by you, if becomes reality, is going to open up very very interesting possibilities. I was rather skeptical about NBFC thingie till now. But from now on I would keep my eyes wide open on NBFC sector. Thanks a lot for starting this topic.
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