Latest news with #Rs52
Hans India
10-07-2025
- Business
- Hans India
India's retail asset securitisation rises Rs 52,000 cr in Q1 FY26
New Delhi: The retail asset securitisation market in India has shown steady growth in the first quarter (Q1) of FY26, with a total transaction volume of Rs52,000 crore, a new report said on Wednesday. This includes both pass-through certificate (PTC) issuances and direct assignment (DA) transactions, according to CareEdge Ratings report. The volume represents a 6 per cent growth over the same period previous year. Despite this, the market's stability is a positive sign, driven by strong demand for credit, confidence from investors, and the strategic efforts of originators to diversify their funding sources. One of the most significant milestones in Q1 FY26 was the completion of India's first residential mortgage-backed securitisation (RMBS) deal, carried out by RMBS Development Company Limited (RDCL). This deal was also the first securitisation transaction to be executed on the Electronic Book Provider (EBP) platform, which marks a new chapter in India's securitisation market. This transaction could act as a catalyst for more investors to enter the RMBS sector, potentially boosting innovation and participation in mortgage-backed securities. The move is expected to create more long-term funding opportunities and allow for better risk transfer. Looking at the transaction composition in Q1 FY26, there has been a noticeable shift. PTC transactions now make up 56 per cent of the total volume, which marks a significant change from previous periods when direct assignment (DA) transactions were more dominant. The increase in PTCs likely reflects changing preferences among investors, regulatory factors, and a growing desire for more standardised and tradable financial products. This shift also suggests that originators are looking to attract a broader investor base. Among the PTC issuances, asset-backed securitisation (ABS) products were a major contributor, accounting for around 75 per cent of the total volume. Mortgage-backed securitisation (MBS), on the other hand, remained steady at 10 per cent. A key highlight in Q1 FY26 was the rise in PTC issuances from Microfinance Institutions (MFIs). MFIs contributed 15 per cent of the total PTC volumes, a significant increase from 8 per cent in Q1 FY25. This growth reflects greater stability in asset quality within the microfinance sector, and suggests that investor confidence in this space is on the rise. In the ABS category, vehicle loan financing continued to be a major player, contributing over Rs 14,600 crore, or 51 per cent of total PTC issuances in Q1 FY26.
Time of India
01-07-2025
- Time of India
MPTDC hotel accounts officer booked for embezzlement of Rs 52L
Ujjain: Neelganga police on Tuesday booked the accounts officer of Hotel Kshipra Residency — run by Madhya Pradesh Tourism Development Corporation — for embezzlement of Rs52 lakh. Tired of too many ads? go ad free now Neelganga police station in charge Tarun Kuril said, based on report of the corporation's investigation committee, a case was registered against accountant for breach of trust and fraud at Neelganga police station. "The embezzlement took place at the corporation's hotel from 2017-18 to 2022. Following a complaint, an investigation committee examined the entire matter. It was revealed that during the said period, the accountant manipulated the daily sales summary report, which was online for local accounting purposes, thereby executing the embezzlement. The manipulation resulted in a fraud of approximately Rs52 lakh," said Kuril.
Time of India
27-05-2025
- Climate
- Time of India
Nashik civic body to use GSB material to temporarily fix potholes across city
Nashik: Continuous rainfall in May has worsened road conditions in parts of Nashik city. As tarring work is not possible owing to the downpour, the Nashik Municipal Corporation (NMC) has opted for temporary repairs using Granular Sub-base (GSB) material. The civic body had initially planned to begin tarring of roads on May 15, but persistent rain led to delays. Areas significantly affected include Ambad, the Tarwala Nagar-Amrutdham route, various parts of Panchavati, Cidco division, Dindori, Makhamalabad, Peth Road, Jail Road, and Satpur. Nashik has experienced heavy rainfall for the past few weeks, severely impacting most city roads. Adding to the problem, some roads damaged during last year's monsoon are yet to be repaired. The NMC, during a survey conducted earlier this year in Feb, had identified 10,000 potholes in various parts of the city. Municipal commissioner Manisha Khatri also gave a deadline of March-end to complete the repair works of all the potholes. The public works department (PWD), however, could repair only 70% of the potholes. Moreover, the roads that were dug by the Maharashtra Natural Gas Ltd (MNGL) and other organisations for piped natural gas installations have deteriorated the road conditions of most of the city roads as they are yet to be repaired. The NMC has already issued work orders of around Rs90 crore to the agencies concerned for repairs and resurfacing of some roads. It also includes Rs52 crore for repair of roads dug by the MNGL and other agencies. The remaining amount will be spent on repairing roads across all six divisions. An NMC official, while talking to TOI, said, "The plan was to start road repair works from May 15, but rain played spoilsport. Now, as it is still raining, it is not possible to carry out tar works. Hence, instructions have been given to officials concerned to repair the road potholes temporarily using the GSB material," a senior NMC official said. "Instructions have been given to the PWD officials to submit the reports related to road repair works after every alternate day. Our objective is to repair the roads at least temporarily so that the city residents would not face inconvenience due to the bad condition of some of the city roads," the official added.
Time of India
19-05-2025
- Time of India
Coimbatore folk lose Rs24 crore to cyber fraudsters till May 15
Coimbatore: Awareness campaigns by police to sensitize the public about cybercrimes do not seem to have yielded desirable results, with an increasing number of city residents falling prey to cyber fraudsters every other day. As per the data available with the city cybercrime police, city folk have lost Rs23.91 crore to online scamsters from January 2025 to May 15. A Saravana Sundar, city police commissioner, said the people who wanted to invest their money in online trading were being lured by cyber fraudsters, who send them links through Telegram, Instagram, Facebook or WhatsApp, asking them to download fake online trading apps. "People should not trust such apps and strangers who approach them with promises of huge profits in online trading." He said the people should not invest in any third-party online trading mobile applications. "Educated people are falling into the traps laid by online fraudsters. They should be very cautious." Another police officer said P Ramesh, 46, a dentist from Coimbatore, had lost Rs52 lakh to cyber fraudsters very recently. "He was looking for online share market details on a website and clicked a link. A stranger contacted him over phone and asked him to download a mobile application. The dentist downloaded the app and invested Rs52 lakh from March 17 to April 14. The digital wallet of the mobile application displayed Rs2 crore in his account. The dentist attempted to withdraw the amount, but in vain. He realized that he was cheated and lodged a complaint with us." P Arun, inspector, city cybercrime police station, said the cyber fraudsters were involved in FedEx scam last year. "They threatened people by posing as police officers and cheated crores of rupees from the city residents. The FedEx scam was drastically reduced following repeated awareness campaigns by the govt and police department. Now, the fake online trading app scam is trending in the city. City folk have lost Rs23.91 crore to cyber fraudsters from January to May 15 this year. Of this, around 80% of the amount was lost in the fake online trading app scam." The city police commissioner said they had been creating awareness among the people from all walks of life to prevent them from becoming victims of cybercrime cases.
Hans India
11-05-2025
- Politics
- Hans India
Donation to Prime Minister's Fund is commendable: Collector
Anantapur: District Collector Dr Vinod Kumar V praised the noble act of donating to the Prime Minister's Fund. On Saturday evening, at the Anantapur Collectorate, PG Suresh, a website designer from Ramachandranagar in Anantapur city, along with his wife PG Rajeswari and daughters PG Sathya and Shravanthi, a chess player, donated cheques worth Rs52,000 to the Prime Minister's Fund and handed them over to the Collector. Speaking on the occasion, the Collector said that voluntarily contributing to the Prime Minister's Fund is a great gesture. PG Suresh stated that amidst the tense situation between India and Pakistan, his elder daughter PG Sathya, who works for the country, donated Rs25,000, and his younger daughter Shravanthi, a chess player, contributed another Rs25,000, bringing the total to Rs52,000. He added that their father PG Kondappa was a freedom fighter, and they are following in his footsteps by serving the nation through voluntary contributions.
