The government has already extended 43 crore loans amounting to around INR 22.5 lakh crores, and enhancement of the Mudra Yojana loan limit will empower many more MSMEs with the necessary financial support
3 Days Ago
On the first trading day (July 23rd), the bond performed strongly in the secondary markets, with yields tightening by approximately 15 basis points to 9.80%
3 Days Ago
The gold loan NBFCs look forward to receiving the priority sector status which is of paramount significance
Jul 21, 2024
PPoP at Rs432 crore in Q1FY25, up 47% YoY and 6% QoQ
Jul 20, 2024
This collaboration aims to enhance the distribution of TATA AIG's non-life insurance products to Mahindra Finance's extensive customer network.
Jul 19, 2024
Grant Eligible Gold Loan NBFCs With Priority Sector Status: George Alexander Muthoot
Jul 17, 2024
The company earned net profit of Rs3.13 Bn as against the net profit of Rs3.32 Bn in the same period last FY
Jul 16, 2024
This budget should lay the groundwork for a more inclusive, resilient, and dynamic financial ecosystem for MSMEs
Jul 13, 2024
Caspian Debt firms up its commitment towards building an equitable ecosystem
Jul 11, 2024
The loan has a maturity of three years and is benchmarked to a three-month SOFR (secured overnight financing rate).
Jul 11, 2024
This strategic investment reinforces REC's commitment to foster sustainable growth, in alignment with the Company's Green Finance Framework
Jul 10, 2024
As such, both the companies shall not transact the business of a Non-Banking Financial Institution (NBFI), as defined in clause (a) of Section 45-I of the RBI Act, 1934
Jul 08, 2024
DVARA KGFS FORAYS INTO ANDHRA PRADESH
Jul 08, 2024
‘Only 1.6% of India’s Population Pays Taxes: The Unsung Heroes of Our Economy’
Jul 05, 2024
YOY growth overall is still low at 1.8%
Jul 03, 2024
UGRO Capital has created a video on the occasion of WorldMSMEDay
Jun 27, 2024
Mr Khirwadkar gets recognition certificate from FIAKS
Jun 27, 2024
Muthoot Finance disburses loans via IMPS or UPI, apart from RTGS/NEFT networks, which ensures that their credit history is also strengthened
Jun 27, 2024
High portfolio growth and rising share of non-traditional products leading to increased regulatory oversight
Jun 21, 2024
Piramal Finance Aims to Double Retail AUM by FY28
Jun 18, 2024
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 Announces Closure of USD 113 Million ECB
Jun 12, 2024
New brands reflect the companies’ speed, reliability, and partnership-driven approach
Jun 07, 2024
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
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
The NBFC continued to register robust financial performance, demonstrating strong growth in AUM, profitability, and superior asset quality.
Jun 01, 2024
The new-age NBFC announces 125% increase in FY’24 PAT
May 31, 2024
Highest Ever Consolidated Loan Assets Under Management at Rs. 89,079 crore, up by 25% YoY
May 30, 2024
The company ended FY24 with AUM of INR 21,121Cr, a robust growth of 23% YoY
May 30, 2024
The card is designed to elevate the banking experience of customers
May 28, 2024
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
it declares interim dividend of Rs.1 per share
May 24, 2024
Debt Is To Bolster Financial Inclusion In Rural India
May 24, 2024
‘The Great Indian Wallet’ study by Home Credit India reveals surging confidence in financial well-being
May 22, 2024
Mahindra Finance eyes expansion in Rural & Semi-Urban India for insurance products; receives corporate agency license from IRDAI
May 22, 2024
Conference for the Heads of Assurance Functions of Non-Banking Financial Companies (NBFCs)
May 16, 2024
The current balance sheet size is 10.39 trillion
May 16, 2024
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 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 will expand its presence in the consumer finance space
May 12, 2024
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
Profit After Tax of Rs140 crore with AUM crossing Rs8,200 crore mark in FY24
May 06, 2024
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
Disbursement at Rs3,127 crores for FY24, growth of 31% Y-o-Y
May 03, 2024
Independent Assessment Rates Kinara Capital on its Current Performance & Future Capacity to Achieve its Social and Environmental Goals
May 03, 2024
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
The NBFC records highest ever annual net profit, declares final dividend of Rs5 per share
Apr 30, 2024
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
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
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
Gross NPA at 1.16%, reduced by 28 bps YoY and 17 bps QoQ
Apr 29, 2024
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
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
Participation From Banks Across Asia, America And Europe
Apr 26, 2024
Banks’ exposure to NBFCs shall be subject to capital charge as per the Risk Weight prescribed
Apr 26, 2024
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 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 Share of personal loans in the co-lending book, however, likely to moderate
Apr 08, 2024
The HFC expands presence in 150+ unique cities to cater to diverse needs of customers
Apr 08, 2024
RECPDCL hands over Kallam Transco Limited SPV to IndiGrid and Jalpura Khurja Power Transmission Limited SPV to Tata Power
Apr 07, 2024
MD Mathew Muthoottu wins ‘Most Promising Business Leader of Asia 2024’
Apr 05, 2024
Steady pick up in investment activity and strengthening of rural demand conditions bode well for the economy
Apr 05, 2024
The year witnessed remarkable improvement not only on AUM but also on profitability and credit quality across four quarters
Apr 04, 2024
Highest-ever Interim Dividend to Government of India
Apr 03, 2024
Home loans showed a marginal decline of 2%
Apr 03, 2024
The Maharatna CPSE wins the award in Renewable Energy Financing Category
Apr 01, 2024
It will promote development of Residential Mortgage-Backed Securitisation in India
Mar 28, 2024
The partnership aims to service 5000 home buyers in EWS/ LIG segment in the first phase of engagement
Mar 22, 2024
Investment Is From IIX’s Women's Livelihood Bond 6
Mar 21, 2024
The bank introduces future-focused funding program to fuel growth aspirations of tech-focused enterprises
Mar 19, 2024
Poonawalla Fincorp prepares itself for the next level of growth
Mar 19, 2024
The company Marks Founder's Day with the special theme 'Leading to serve'
Mar 18, 2024
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
The first phase of the expansion will see the inauguration of 4 branches across Telangana in March 2024
Mar 15, 2024
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 brand identity refresh
Mar 12, 2024
The amalgamation will create a large unified operating NBFC
Mar 11, 2024
Advisory on strict compliance to regulations & governance to all members of FIDC
Mar 11, 2024
Zero processing fees, Instant transfer to bank account, Safe and secure storage
Mar 11, 2024
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
India’s fast-growing fintech driving MSME financial inclusion marks 5th anniversary of HerVikas
Mar 08, 2024
Simplifying the loan process, offering a 50% discount on processing fees for loans disbursed until March 31, 2024
Mar 08, 2024
The specific tools and technologies deployed may vary based on the type of assessment and the skills being evaluated
Mar 07, 2024
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
The company announces the raising of a significant debt from BlueOrchard
Mar 07, 2024
Saksham 2024 intends to organise 800+ financial literacy workshops to train 20,000 women
Mar 06, 2024
Action under Section 45L(1)(b) of the Reserve Bank of India Act, 1934
Mar 06, 2024
The company can, however, continue to service its existing gold loan portfolio through usual collection and recovery processes
Mar 04, 2024
INDIAN IT SERVICES INDUSTRY FEBRUARY 2024 Revenue growth to remain tepid at 3-5% in FY2025
Mar 04, 2024
REC and UNISED Agreement signed to strengthen the education of children in Siddharthnagar, Uttar Pradesh
Mar 04, 2024
Prarambh' to encourage women for careers in financial services sector; Facilities to include mediclaim, wellness policies, and maternity benefits
Feb 29, 2024
The new-age NBFC salutes the determination of Indian MSMEs
Feb 23, 2024
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
The funding is to strengthen financial inclusion efforts in rural INDIA
Feb 21, 2024
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
The special interest rates are applicable on all new and renewed fixed deposits booked until 31st March 2024
Feb 19, 2024
The MSME-focused digital lender continues its growth streak in Q3, with double-digit Return on Equity
Feb 16, 2024
9 NBFCs and 1 HFC (Reliance Home Finance) surrender their Certificate of Registration to RBI
Feb 10, 2024
Sanjiv Bajaj urged RBI to harmonize corporate governance laws which would make NBFCs stronger
Feb 09, 2024
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
George Alexander Muthoot, MD, Muthoot Finance, shares his expectations on RBI monetary policy
Feb 07, 2024
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
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
This action on the housing finance company is based on deficiencies in regulatory compliance
Feb 03, 2024
Kuldip Maity, MD & CEO of Kolkata-based NBFC-MFI, VFS Capital, shares his expectation from the budget.
Jan 29, 2024
The NBFC-ND-SI is looking to generate at least Rs200mn in net fee income from insurance distribution in FY25E
Jan 28, 2024
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
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
It expanded affordable segment presence to 100 branches & outreaches as on 31st Dec 2023
Jan 25, 2024
The NBFC's Net Profit grows by 53% to Rs.424 Crore for the nine months ended Dec'23
Jan 24, 2024
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
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 has strategically offered a tailored solution under its SCF offerings to help Goldi Group in securing essential raw materials
Jan 18, 2024
Tap, has helped to raise INR 250 Cr for over 70 businesses across India via asset leasing and invoice discounting products.
Jan 18, 2024
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 understands each student's financial situation is unique, and assesses loan applications through an innovative Future Earning Potential model
Jan 16, 2024
RBI releases draft circular on Credit/investment Concentration Norms – Government owned NBFCs
Jan 16, 2024
RBI releases draft circular on HFCs and NBFCs
Jan 15, 2024
FIDC Issues Vision Document & Code of Conduct For Its Members
Jan 11, 2024
91% MSMEs expect their profits to increase in 2024 supported by government initiatives & a resilient economy: by NeoGrowth Study
Jan 10, 2024
Securitisation volumes witness modest decline; estimated at Rs380 Bn in Q3 FY2024 compared to Rs460 Bn in Q2 FY2024
Jan 05, 2024
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
Overall credit profiles seen stable supported by strong profitability and low credit costs
Jan 04, 2024
REC signs MoU with Rail Vikas Nigam to Finance Multi-Modal Projects over next 5 Years
Jan 03, 2024
NEDFi assists grass-root small borrowers in unserved and underserved areas of the NE Region through “NEDFi Micro Finance Scheme”
Jan 01, 2024
RBI cancels the license granted to The Botad UCB
Dec 30, 2023
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
This year saw a healthy MSME credit demand, with FMCG and retail, Consumer Durables and Apparel being the key segments
Dec 26, 2023
The awards were distributed during the 3rd Women Director's Conclave 2023 organised by MentorMyBoard
Dec 23, 2023
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
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
CGCL aims to leverage its robust branch network^ in the North and West India to cross-sell insurance products
Dec 12, 2023
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
Rupinder Singh, Managing Director and Chief Executive Officer, talks about the growth journey of the affordable segment focused HFC
Dec 08, 2023
Reached this milestone in less than a year of the launch of 'Roshni Home Loans'
Dec 06, 2023
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
The leading NBFC-MFI Offers Up to 10.50% Coupon Rate
Dec 04, 2023
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
13 partners have been onboarded to offer business solutions with added benefits to MSMEs pan-India
Nov 30, 2023
The company is planning Tranche IV of Rs200 crore NCD in Q4 of the current financial year
Nov 27, 2023
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
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
Historic Highest Growth in Loan Assets of Rs11,771 crores in H1FY24, up by 21% YoY
Nov 09, 2023
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
The company has disbursed INR 5700 crore in car loan vertical in FY 22-23
Nov 02, 2023
The new AV is LIVE across digital platforms including Home Credit India's social channels
Nov 02, 2023
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
The loan book has maintained its growth trajectory and has increased by 20% to Rs. 4.74 lakh crore
Nov 01, 2023
7 in 10 retailers plan to increase their physical presence in future
Nov 01, 2023
Partnership to unlock the potential of Priority Sector Lending (PSL)
Nov 01, 2023
India Business Excellence Fund – IV is a sector-agnostic fund, providing growth capital to mid-sized companies
Nov 01, 2023
They will provide support to underserved communities of rural India
Oct 31, 2023
AUM up by 49% to INR 22.98 Bn with double-digit Return on Equity
Oct 30, 2023
The Company added 20 Lakh new customers during H1 FY24
Oct 28, 2023
Q2FY24 PAT up 87% YoY to Rs1.07 Bn
Oct 28, 2023
BAGIC recorded market-leading growth in gross written premium of 53%
Oct 27, 2023
Its proprietary underwriting model, GRO Score 3.0 has demonstrated its efficacy
Oct 27, 2023
Partnership will serve rural unserved/underserved borrowers in more than 20 states
Oct 26, 2023
Partnership also with Bajaj Auto to create awareness on Financial Literacy, RBIOS and Fraud
Oct 26, 2023
Highest ever quarterly Profit After Tax
Oct 20, 2023
Mumbai, October 19, 2023: Vastu Housing Finance Corporation Limited
Oct 19, 2023
The rise has been most significant for short-term loans
Oct 17, 2023
NBFC Growth Accelerator Program (NGAP) is aimed to increase access to finance for micro enterprises
Oct 17, 2023
