NBFCs

Piramal Finance Crosses Rs500 Bn In Retail Loans

Piramal Finance Aims to Double Retail AUM by FY28

3 Days Ago

Kotak Life Partners With Mahindra Finance

The partnership will benefit over 10 million customers of Mahindra Finance by offering a wide range of tailor-made life insurance solutions provided by Kotak Life.

Jun 13, 2024

Muthoot Microfin’s $25 Mn Greenshoe Option Oversubscribed

Muthoot Microfin Announces Closure of USD 113 Million ECB

Jun 12, 2024

Adani Capital, Adani HFC Rebranded As Tyger Capital, Tyger HFC

New brands reflect the companies’ speed, reliability, and partnership-driven approach

Jun 07, 2024

Tata Motors Finance Merged With Tata Capital

As consideration for the merger, TCL will issue its equity shares to the shareholders of TMFL resulting in TML effectively holding a 4.7% stake in the merged entity

Jun 04, 2024

Muthoottu Mini Financiers' PBT Grew By 35%

The NBFC's revenue increased from INR 544 crore in FY23 to INR 672 crore in FY24, reflecting a strong growth of 23.4%.

Jun 03, 2024

Poonawalla Fincorp's GNPA Below 1%

The NBFC continued to register robust financial performance, demonstrating strong growth in AUM, profitability, and superior asset quality.

Jun 01, 2024

Clix Capital's AUM Crosses Rs58 Bn

The new-age NBFC announces 125% increase in FY’24 PAT

May 31, 2024

Muthoot Finance's PAT Up By 22% At Rs44.68 Bn

Highest Ever Consolidated Loan Assets Under Management at Rs. 89,079 crore, up by 25% YoY

May 30, 2024

Aadhar HFC's PAT Up By 33%

The company ended FY24 with AUM of INR 21,121Cr, a robust growth of 23% YoY

May 30, 2024

‘IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Card’ Launched

The card is designed to elevate the banking experience of customers

May 28, 2024

RBI Imposes Penalty Of Rs3.10 Lakh On Hero FinCorp

The company did not convey the terms and conditions of loans in writing to the borrowers in the vernacular language understood by them.

May 26, 2024

Manappuram’s Net Profit Increases By 47% TO 22 Bn

it declares interim dividend of Rs.1 per share

May 24, 2024

Dvara KGFS Gets $10 Mn In Debt Financing

Debt Is To Bolster Financial Inclusion In Rural India

May 24, 2024

2/3rd Consumers To Save, Invest More In '24-25

‘The Great Indian Wallet’ study by Home Credit India reveals surging confidence in financial well-being

May 22, 2024

Mahindra Finance To Improve Efficiency With Tech Innovation By Insurtechs

Mahindra Finance eyes expansion in Rural & Semi-Urban India for insurance products; receives corporate agency license from IRDAI

May 22, 2024

NBFCs Urged To Bolster Governance, Assurance Functions

Conference for the Heads of Assurance Functions of Non-Banking Financial Companies (NBFCs)

May 16, 2024

PFC Group’s PAT Up By 25% To Rs2.64 Bn

The current balance sheet size is 10.39 trillion

May 16, 2024

Harsh Baweja Takes Charge As REC's Director (Finance)

Baweja's profound understanding of the intricate financial landscape within the energy sector has been instrumental in steering REC's growth trajectory and enhancing its financial performance over the years.

May 14, 2024

Randhir Singh To Be Appointed As IndoStar's Executive VC

Randhir Singh was most recently Joint CEO of APAC Financial and brings 29 years of experience in Financial Services with leadership roles at Citibank, Deutsche Bank and Edelweiss Financial Services

May 13, 2024

TVS Holdings To Acquire Home Credit India For Rs5.54 Bn

TVS Holdings will expand its presence in the consumer finance space

May 12, 2024

Domestic Bond Issuance To Rise To Rs10.6 Tn: ICRA

Incremental total credit (bonds, non-food bank credit and CPs) expansion projected to moderate to Rs24.5 trillion in FY2025 from Rs. 25.4 trillion in FY2024

May 07, 2024

Grihum HFC Delivers Highest Ever Yearly PAT

Profit After Tax of Rs140 crore with AUM crossing Rs8,200 crore mark in FY24

May 06, 2024

REC Gets RBI Nod To Set Up Subsidiary in GIFT City

The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services.

May 05, 2024

Aptus Value HFC’s PAT Up 22% Y/Y To Rs 6.12 Bn

Disbursement at Rs3,127 crores for FY24, growth of 31% Y-o-Y

May 03, 2024

Kinara Capital Gets ‘A’ Grade In SER From MFR

Independent Assessment Rates Kinara Capital on its Current Performance & Future Capacity to Achieve its Social and Environmental Goals

May 03, 2024

UGRO Capital Raises Rs13 Bn From Institutional Investors & Marquee Family Offices

UGRO raised this capital through an innovative combination of Compulsorily Convertible Debentures with Warrants, ensuring that the capital required for both the current year's growth and next year's growth is effectively locked in today.

May 02, 2024

REC's Net Profit Up 27% To Rs 140 Bn Y/y

The NBFC records highest ever annual net profit, declares final dividend of Rs5 per share

Apr 30, 2024

IndoStar Retail AUM Grows 49% To Rs78.64 Bn

The company has demonstrated improvement in asset quality over the last year, with consolidated Gross Stage 3 assets at 4.10% in FY24

Apr 30, 2024

RBI Cancelled CoR Issued To Acemoney (India)

The CoR of the abovementioned company has been cancelled on account of violation of RBI guidelines on managing risks and code of conduct in outsourcing of financial services in its digital lending operations undertaken through third party apps

Apr 29, 2024

PNB HFC's PAT Up 44% Y/y At Rs15 Bn

Corporate GNPA is 3.31% as on 31st Mar 2024 as compared to 22.25% as on 31st Mar 2023 and 3.35% as on 31st Dec 2023.

Apr 29, 2024

Poonawalla Fincorp Records Highest Ever PAT of Rs10 Bn

Gross NPA at 1.16%, reduced by 28 bps YoY and 17 bps QoQ

Apr 29, 2024

SBFC Finance Soars In Q4FY24, Ending Year On A High

The Gross Non-Performing Asset (NPA) ratio is at 2.43% as at March 31, 2024 in comparison to 2.57% same time last year

Apr 28, 2024

Innovative Financing Solutions Needed For Emerging Renewable Energy Technologies

Pradip Kumar Das proposed at World Energy Congress 2024 the mandate of allocating 4%-5% of Assets Under Management (AUM) from domestic pension / insurance funds into renewable energy bonds, to deepen the bond market and increase additional global and local investments

Apr 26, 2024

REC Avails SACE-Covered Green Loan Facility For JPY 60.536 Bn

Participation From Banks Across Asia, America And Europe

Apr 26, 2024

Banks May Fix Limits For Aggregate Exposure To All NBFCs

Banks’ exposure to NBFCs shall be subject to capital charge as per the Risk Weight prescribed

Apr 26, 2024

IIFL Samasta Finance Adds 3 Members To BoD

This strategic move reflects the company's commitment to further strengthen its governance structure and driving continued growth and innovation in the microfinance sector

Apr 25, 2024

JFS’ Q4 Net Profit Up By 5.7%: Leveraging AA, Bureau & Alternate Data

JFS has recorded multi-fold increase in its net profit of Rs1605 cr for full FY2023-24 against net profit of Rs31 cr in the previous FY

Apr 20, 2024

NBFC Co-lending AUM Closing In On Rs1 Tn mark

NBFC Co-lending AUM Closing In On Rs1 Tn mark Share of personal loans in the co-lending book, however, likely to moderate

Apr 08, 2024

PNB Housing Finance Widens Distribution Footprint To 300 Branches

The HFC expands presence in 150+ unique cities to cater to diverse needs of customers

Apr 08, 2024

RECPDCL Awards 2 SPVs

RECPDCL hands over Kallam Transco Limited SPV to IndiGrid and Jalpura Khurja Power Transmission Limited SPV to Tata Power

Apr 07, 2024

Muthoottu Mini Soars As Best BFSI Brand

MD Mathew Muthoottu wins ‘Most Promising Business Leader of Asia 2024’

Apr 05, 2024

Optimism Towards Steady Demand For Gold- Vehicle-Home Loans

Steady pick up in investment activity and strengthening of rural demand conditions bode well for the economy

Apr 05, 2024

Highest Ever Quarterly Disbursement Of Rs96.80 Bn By Poonawalla Fincorp

The year witnessed remarkable improvement not only on AUM but also on profitability and credit quality across four quarters

Apr 04, 2024

PFC Pays Interim Dividend of Rs20.33 Bn

Highest-ever Interim Dividend to Government of India

Apr 03, 2024

NBFC Sanctions Grew 6% YOY

Home loans showed a marginal decline of 2%

Apr 03, 2024

REC Wins SKOCH ESG Award 2024

The Maharatna CPSE wins the award in Renewable Energy Financing Category

Apr 01, 2024

IIFL HFC Takes 5% Stake In RDCL

It will promote development of Residential Mortgage-Backed Securitisation in India

Mar 28, 2024

Star HFC Inks Co-lending Partnership with Tata Capital HFC

The partnership aims to service 5000 home buyers in EWS/ LIG segment in the first phase of engagement

Mar 22, 2024

Dvara KGFS Secures $14.4 Mn Investment

Investment Is From IIX’s Women's Livelihood Bond 6

Mar 21, 2024

IPL: Hero FinCorp Partners with Delhi Capitals

The bank introduces future-focused funding program to fuel growth aspirations of tech-focused enterprises

Mar 19, 2024

Arvind Kapil Is New MD & CEO Of Poonawalla Fincorp

Poonawalla Fincorp prepares itself for the next level of growth

Mar 19, 2024

India Shelter Finance Celebrates 14th Founder's Day

The company Marks Founder's Day with the special theme 'Leading to serve'

Mar 18, 2024

Opportunities For NBFCs For Viksit Bharat 2047 Discussed

Rajendra Setia: Leveraging technology and data analytics, there are ample opportunities to address the unique needs of Rajasthan's populace, especially within the vital MSME and Vehicle finance sector

Mar 16, 2024

Muthoot Microfin Starts Operations in Telangana

The first phase of the expansion will see the inauguration of 4 branches across Telangana in March 2024

Mar 15, 2024

P.E. Mathai of Muthoottu Mini Financiers Wins ‘Best CEO’ Award

Under his guidance, the company has achieved significant milestones, including 103% QoQ profit growth in Q1 of this financial year

Mar 12, 2024

Hero FinCorp’s New Look For A Rising Bharat

Hero FinCorp brand identity refresh

Mar 12, 2024

Aditya Birla Finance Amalgamated With Aditya Birla Capital

The amalgamation will create a large unified operating NBFC

Mar 11, 2024

Processes For Monitoring End Use Of Loans Must Be In Place: FIDC

Advisory on strict compliance to regulations & governance to all members of FIDC

Mar 11, 2024

Capri Cuts Gold Loan Interest By 100 Bps

Zero processing fees, Instant transfer to bank account, Safe and secure storage

Mar 11, 2024

Muthoot FinCorp Begins SCF Operations

Shaji Vargese, CEO - Muthoot FinCorp Ltd, said "Beginning our Supply Chain Finance journey is another step towards solidifying our commitment to our mission in providing timely credit to millions of MSME entrepreneurs in the country

Mar 11, 2024

Kinara Capital Allocates Rs5 Bn Fund For Women-Owned MSME Startups

India’s fast-growing fintech driving MSME financial inclusion marks 5th anniversary of HerVikas

Mar 08, 2024

U Gro Capital Launches Loans For Women Entrepreneurs

Simplifying the loan process, offering a 50% discount on processing fees for loans disbursed until March 31, 2024

Mar 08, 2024

Dvara KGFS Uses LMS Platform, To Track Employees' Training, Proficiency

The specific tools and technologies deployed may vary based on the type of assessment and the skills being evaluated

Mar 07, 2024

1/3rd Of Jobs Created By Women-Owned MSMEs Go To Women

Women-Owned MSMEs Created 11% More Jobs For Women Than Men-Owned MSMEs; Women-owned MSMEs Demonstrate Higher Repayment compared to Male-owned MSMEs

Mar 07, 2024

Mufin Green Finance Secures USD 5 Mn Sanction

The company announces the raising of a significant debt from BlueOrchard

Mar 07, 2024

Home Credit India & SEWA Bharat Will Educate 20,000 Marginalised Women

Saksham 2024 intends to organise 800+ financial literacy workshops to train 20,000 women

Mar 06, 2024

RBI Stops JM Financial Products From Financing Against Shares And Debentures

Action under Section 45L(1)(b) of the Reserve Bank of India Act, 1934

Mar 06, 2024

RBI Directs IIFL Finance To Stop Sanctioning Gold Loans

The company can, however, continue to service its existing gold loan portfolio through usual collection and recovery processes

Mar 04, 2024

Slowdown In Discretionary IT Spends By BFSI, Retail, Tech, Communication

INDIAN IT SERVICES INDUSTRY FEBRUARY 2024 Revenue growth to remain tepid at 3-5% in FY2025

Mar 04, 2024

REC Will Provide Rs10 Cr For Education Of Children In UP

REC and UNISED Agreement signed to strengthen the education of children in Siddharthnagar, Uttar Pradesh

Mar 04, 2024

Mahindra Finance & Manipal Academy Of BFSI Launch Women-Centric Programme

Prarambh' to encourage women for careers in financial services sector; Facilities to include mediclaim, wellness policies, and maternity benefits

Feb 29, 2024

Clix Capital Launches Jazba As Its New Marketing Campaign

The new-age NBFC salutes the determination of Indian MSMEs

Feb 23, 2024

REC Showcases Integrated Digital Platform For DISCOMs

The workshop witnessed the participation of more than 200 attendees from all state DISCOMs, Program Management Agencies (PMAs) and REC-TPQMAs and other stakeholders

Feb 23, 2024

DVARA KGFS SECURES $27 MILLION IN DEBT FINANCING TO STRENGTHEN FINANCIAL INCLUSION EFFORTS IN RURAL INDIA

The funding is to strengthen financial inclusion efforts in rural INDIA

Feb 21, 2024

IREDA’s Retail Subsidiary Will Finance Rooftop Solar, EV & B2C Segments

Das stressed IREDA's commitment to making various Renewable Energy technologies bankable, including emerging ones like Electric Vehicles, Green Hydrogen, and Offshore Wind

Feb 21, 2024

Senior Citizens Get PNB HFC’s FD At 8.30%

The special interest rates are applicable on all new and renewed fixed deposits booked until 31st March 2024

Feb 19, 2024

NeoGrowth’s AUM Jumps 51% To Rs24.56 Bn

The MSME-focused digital lender continues its growth streak in Q3, with double-digit Return on Equity

Feb 16, 2024

RBI Cancels CoR Of 3 NBFCs, Including Cox & Kings Financial Service

9 NBFCs and 1 HFC (Reliance Home Finance) surrender their Certificate of Registration to RBI

Feb 10, 2024

NBFCs Should Broad-Base Funding Sources: Rao

Sanjiv Bajaj urged RBI to harmonize corporate governance laws which would make NBFCs stronger

Feb 09, 2024

“Pragmatic Approach In Quest For Digital Robustness, Customer Centricity And Price Discovery”

Contrary to market expectations of RBI pivoting away from its tight monetary stance, it delivered a well-balanced decision that retained its steadfast focus on inflation

Feb 08, 2024

Muthoot Expects Gold Linked Credit Line Via UPI

George Alexander Muthoot, MD, Muthoot Finance, shares his expectations on RBI monetary policy

Feb 07, 2024

RBI Imposes Penalty Of Rs8.80 Lakh On Power Finance Corporation

The action is for non-compliance with certain provisions of the RBI's directions on 'Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies'

Feb 06, 2024

REC Wins Best Green Bond Corporate Award

Maharatna CPSE has been honoured for issuance of $750 million USD Green Bonds at the Asset Triple A Awards for Sustainable Finance

Feb 05, 2024

Leading HFC Penalized

This action on the housing finance company is based on deficiencies in regulatory compliance

Feb 03, 2024

Establish Low-Cost Funding Window For Equity Support To MFIs

Kuldip Maity, MD & CEO of Kolkata-based NBFC-MFI, VFS Capital, shares his expectation from the budget.

Jan 29, 2024

Capri Global Capital’s PAT Up 81% To Rs680 Mn

The NBFC-ND-SI is looking to generate at least Rs200mn in net fee income from insurance distribution in FY25E

Jan 28, 2024

Tata Cap Gives Collateral-Free Education Loans Of Rs7.5 Mn

The flagship financial services company of the Tata Group provides secured loans of up to rs2 cr or the total cost of education, including tuition fees and living costs

Jan 25, 2024

Tata Capital Provides Collateral-Free Education Loans Of Rs7.5 Mn

The flagship financial services company of the Tata Group provides secured loans of up to rs2 cr or the total cost of education, including tuition fees and living costs

Jan 25, 2024

PNB HFC’s Net Profit Up 26% to Rs3.38 Bn

It expanded affordable segment presence to 100 branches & outreaches as on 31st Dec 2023

Jan 25, 2024

TVS Credit’s AUM Grows By 30% To Rs253.15 Bn

The NBFC's Net Profit grows by 53% to Rs.424 Crore for the nine months ended Dec'23

Jan 24, 2024

SMFG Grihashakti Gets Rs3 Bn Long-Tenor Funds From NHB

Opens up another source of long term funding for SMFG Grihashakti, thereby helping diversification of sources of funds and support asset liability management caption Deepak Patkar

Jan 23, 2024

CreditAccess Grameen’s PAT Up 64%

The NBFC-MFI's Gross Loan Portfolio of INR 23,382 crore, up 31.5% YoY Pre- provision Operating Profit of INR 602 crore, up 58.6% YoY Profit After Tax of INR 353 crore, ROA of 5.5%, ROE of 23.6%, GNPA of 0.97%, NNPA of 0.29%

Jan 20, 2024

Vivriti Capital Partners Goldi Group For Its Expansion In Solar Sector

Vivriti Capital has strategically offered a tailored solution under its SCF offerings to help Goldi Group in securing essential raw materials

Jan 18, 2024

Tap Capital To Fund Businesses Up To Rs20 Bn By 2025

Tap, has helped to raise INR 250 Cr for over 70 businesses across India via asset leasing and invoice discounting products.

Jan 18, 2024

Indel Money Announces Secured NCD Issue Of Up To Rs2Bn

Issue opens on Tuesday, January 30th, 2024 and closes on Monday, February 12th, 2024; Coupon yielding up to 12.25% per annum

Jan 17, 2024

Prodigy Finance To Fund International Master's Students In Australia

Prodigy understands each student's financial situation is unique, and assesses loan applications through an innovative Future Earning Potential model

Jan 16, 2024

Government NBFCs Shall Be Guided By Prescribed Exposure Norms & Limits

RBI releases draft circular on Credit/investment Concentration Norms – Government owned NBFCs

Jan 16, 2024

HFCs Shall Ensure Availability Of Full Asset Cover For Public Deposits At All Times

RBI releases draft circular on HFCs and NBFCs

Jan 15, 2024

FIDC Aims To Enhance Impact & Income Of NBFCs

FIDC Issues Vision Document & Code of Conduct For Its Members

Jan 11, 2024

82% MSMEs To Harness Power Of Online Tools In 2024

91% MSMEs expect their profits to increase in 2024 supported by government initiatives & a resilient economy: by NeoGrowth Study

Jan 10, 2024

RBI’s Move Hit Growth Of Securitisation Volumes

Securitisation volumes witness modest decline; estimated at Rs380 Bn in Q3 FY2024 compared to Rs460 Bn in Q2 FY2024

Jan 05, 2024

Bajaj Finance’s Digital FD @8.85%

Depositors below 60 years can earn up to 8.60 per cent per annum for a tenure of 42 months for FDs

Jan 04, 2024

Market Share Of Gold-Loan NBFCs Steady Despite Bank Competition

Overall credit profiles seen stable supported by strong profitability and low credit costs

Jan 04, 2024

REC to Finance Rail Infra Projects of Rs350 Bn

REC signs MoU with Rail Vikas Nigam to Finance Multi-Modal Projects over next 5 Years

Jan 03, 2024

NEDFi disburses Rs5.47 Bn in NE

NEDFi assists grass-root small borrowers in unserved and underserved areas of the NE Region through “NEDFi Micro Finance Scheme”

Jan 01, 2024

Botad Peoples Coop Bank allowed to function as NBFC

RBI cancels the license granted to The Botad UCB

Dec 30, 2023

RBI regulations will raise borrowing costs for NBFCs

The NBFC sector has experienced some hurdles due to rising interest rates on account of the geo-political climate and recently with RBI regulations on risk weights

Dec 28, 2023

Power Of AI/ ML & Data-Based Models Will Drive MSME Lending

This year saw a healthy MSME credit demand, with FMCG and retail, Consumer Durables and Apparel being the key segments

Dec 26, 2023

Dr. Sumitha Of Manappuram Finance, Gets Jury Special Award

The awards were distributed during the 3rd Women Director's Conclave 2023 organised by MentorMyBoard

Dec 23, 2023

EMI cards remain popular medium of credit

WhatsApp is an emerging digital channel for loan with 59% of borrowers having received loan messages on WhatsApp; reflects Home Credit India's How India Borrows Survey 2023

Dec 19, 2023

Poonawalla HFC is now Grihum HFC

IT expects AUM and PAT to double in the next three years, Registers a 7x growth in customer base nationwide in 6 years

Dec 14, 2023

Capri Global Capital Receives Corporate Agency License From IRDAI

CGCL aims to leverage its robust branch network^ in the North and West India to cross-sell insurance products

Dec 12, 2023

RBI's balanced approach in the current economic climate

RBI's vigilance on lending and loan growth is in the right spirit to guide NBFCs to further enhance customer centricity: Rajiv Sabharwal

Dec 08, 2023

ISFC To Double Branches In 4 Years, Leverage Tech Stack For scalability

Rupinder Singh, Managing Director and Chief Executive Officer, talks about the growth journey of the affordable segment focused HFC

Dec 08, 2023

PNB HFC’s Rs10 Bn Affordable Loan Book

Reached this milestone in less than a year of the launch of 'Roshni Home Loans'

Dec 06, 2023

NPCI Bharat BillPay Onboards SBI Card

The other major credit card issuers live under this category are Kotak Mahindra Bank, BoB Financial, Federal Bank, AU Small Finance Bank, IndusInd Bank, and Canara Bank

Dec 05, 2023

IIFL Samasta to Raise up to Rs10 Bn via Bonds

The leading NBFC-MFI Offers Up to 10.50% Coupon Rate

Dec 04, 2023

Clix Capital’s PAT Up By 200%

H1 FY24 Revenue at INR 458 crores; an increase of 40% YoY; Total AUM clocked INR 5016 crore, an increase of 26% YoY

Dec 01, 2023

Godrej Capital Nirmaan to aid MSMEs with DBS Bank, Visa, Amazon

13 partners have been onboarded to offer business solutions with added benefits to MSMEs pan-India

Nov 30, 2023

Indel Money’s Q2 Net Profit up by 127%

The company is planning Tranche IV of Rs200 crore NCD in Q4 of the current financial year

Nov 27, 2023

Poonawalla Fincorp`s clarification on RBI Circular on consumer credit

Poonawalla Fincorp`s statement: Based on our initial calculations, the increase in the risk weight from 100% to 125% on the Company's consumer credit exposure shall be marginal and is expected to be around 220 bps.

Nov 17, 2023

Women Entrepreneurs’ Participation Essential to Be A 30 Tn-Dollar Economy: Hardika

Hardika Shah: Empowering India's MSME Women Entrepreneurs with Access to Formal Credit can lead to a 16% rise in proprietor income

Nov 17, 2023

Muthoot Finance’s H1 PAT up by 24%

Historic Highest Growth in Loan Assets of Rs11,771 crores in H1FY24, up by 21% YoY

Nov 09, 2023

PNB HFC inaugurates all-women branch in TN

The HFC aims to add 60 more branches by the end of this financial year, taking the total number of affordable branches to 160

Nov 06, 2023

Capri Global aims Rs100 Bn of disbursement by FY 23-24

The company has disbursed INR 5700 crore in car loan vertical in FY 22-23

Nov 02, 2023

Home Credit India unveils Diwali campaign

The new AV is LIVE across digital platforms including Home Credit India's social channels

Nov 02, 2023

Capri Global Capital ‘s Q2 PAT up 16%

After a lean Q1FY24, disbursals in Q2FY24 increased in a robust manner to touch Rs35,267mn, up 128% YoY and 31% QoQ

Nov 01, 2023

REC’S highest ever quarterly profit at Rs.37.73 Bn

The loan book has maintained its growth trajectory and has increased by 20% to Rs. 4.74 lakh crore

Nov 01, 2023

80% retailers Do not see e-commerce as a threat: NeoGrowth study

7 in 10 retailers plan to increase their physical presence in future

Nov 01, 2023

Mahindra Finance to co-lend with SBI

Partnership to unlock the potential of Priority Sector Lending (PSL)

Nov 01, 2023

CCI approves minority investment in SK Finance

India Business Excellence Fund – IV is a sector-agnostic fund, providing growth capital to mid-sized companies

Nov 01, 2023

Satin Creditcare to leverage MediBuddy's healthcare platform

They will provide support to underserved communities of rural India

Oct 31, 2023

NeoGrowth’s strong performance in Q2 FY24

AUM up by 49% to INR 22.98 Bn with double-digit Return on Equity

Oct 30, 2023

TVS Credit’s H1 PAT at Rs2.52 Bn

The Company added 20 Lakh new customers during H1 FY24

Oct 28, 2023

Strong Q2 for Satin Group, clocking Rs100 Bn AUM

Q2FY24 PAT up 87% YoY to Rs1.07 Bn

Oct 28, 2023

BFL’s Q2 PAT up by 28%

BAGIC recorded market-leading growth in gross written premium of 53%

Oct 27, 2023

UGRO Capital’s PAT up 329%

Its proprietary underwriting model, GRO Score 3.0 has demonstrated its efficacy

Oct 27, 2023

Federal Bank-Avanti Finance will co-lend

Partnership will serve rural unserved/underserved borrowers in more than 20 states

Oct 26, 2023

RBIO partners Bajaj Finance

Partnership also with Bajaj Auto to create awareness on Financial Literacy, RBIOS and Fraud

Oct 26, 2023

Poonawalla Fincorp: PAT up 77%

Highest ever quarterly Profit After Tax

Oct 20, 2023

Faering Capital invests $30 mn in Vastu HFC

Mumbai, October 19, 2023: Vastu Housing Finance Corporation Limited

Oct 19, 2023

20% rise in business loans to MSMEs estimated in festive season: Kinara Capital

The rise has been most significant for short-term loans

Oct 17, 2023

SIDBI & GAME launch cohort for smaller NBFCs to grow

NBFC Growth Accelerator Program (NGAP) is aimed to increase access to finance for micro enterprises

Oct 17, 2023

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