According to its draft red herring prospectus, Fibe’s major investors including TPG’s The Rise Fund, Norwest Venture Partners, Chiratae Ven...

Under the revised offer, the OFS has been cut to about 100.4 million shares. Institutional investors, including Accel, Tiger Global, Crimso...

Jefferies has identified Paytm, Groww, PB Fintech, AU Small Finance Bank and Poonawalla Fincorp as its 25% CAGR club of Indian financial st...

Younger consumers and rural households are driving India's retail credit market growth. These aspirational borrowers now account for most n...

SBI and Federal Bank have gained 281% and 292%, respectively, on Arcil investments as the asset reconstruction company launches its Rs 733-...

ARCIL will open its IPO for subscription on September 9, with the issue closing on September 11. The IPO will be entirely an offer for sale...

Ujjivan Small Finance Bank appointed Carol Furtado as interim chief executive officer. This appointment follows the sudden resignation of M...

Ujjivan Small Finance Bank's MD and CEO has resigned citing health reasons. The board accepted the early retirement and appointed Carol Fur...

ITR filing deadline: Taxpayers with business or profession income must file their returns today. This deadline applies to those using ITR-3...

Banks and credit firms will launch a responsible borrowing campaign to curb bad loans. This initiative aims to promote financial discipline...

India’s NBFC sector is showing signs of a broad-based cyclical recovery, with FY27 first-quarter results pointing to stronger loan growth, ...

Non-banking financial companies are entering a new cyclical recovery phase. Loan growth and asset quality improvements are expected to driv...

Sebi has proposed waiving mandatory merchant banker appointments for eligible listed issuers raising small-value debt privately. The move a...

India needs to consolidate banks into a few large entities. This consolidation aims to meet rising credit needs for Viksit Bharat by 2047. ...

Axis Bank expects credit growth to exceed industry averages this fiscal year. Strong demand stems from corporate sectors and retail borrowe...

Banks in India foresee a stable outlook for asset quality, driven by the reduction of unsecured lending which should prevent new stresses f...

India’s gold loan market is emerging as a growth opportunity for financial institutions, with outstanding loans against gold jewellery reac...