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First-time borrowers deepen credit reach: Credit uptake among eligible Indians more than doubled to 74% in March from 35% in 2017Consumer durable loans are leading new-to-credit customers into institutional borrowing. Gold loans and microfinance also significantly con...- These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos may rally over 21%, according to analystsWith the US market shedding weight overnight, the probability is high that Thursday will see another day of choppy trading. The best way to...
- Indian banks' names keep fading from your loan documentsThe landscape of retail lending is shifting as non-bank lenders swiftly embrace smaller ticket personal and consumer durable loans. NBFCs a...
- Fairfax to exit IIFL Finance before likely IDBI Bank deal; Blackstone emerges as suitorFairfax Financial Holdings is considering selling its IIFL Finance stake. This move supports its planned acquisition of IDBI Bank Ltd. The ...
- Shivraj Singh Chouhan seeks faster credit for women, meets banksUnion Minister Shivraj Singh Chouhan urged banks to expedite loan approvals for rural women entrepreneurs. He directed officials to enhance...
- Slice closes $100 million round as valuation more than halves to $470 millionThe fintech-turned-bank has raised the money from existing backer Moore Strategic Ventures, the New York-based investment arm of the hedge ...
- Banks shifting microfinance strategy, prefer lending to entities over direct borrowers: ReportBanks are increasingly selecting microfinance institutions for loans instead of individual borrowers, leading to a reclassification of micr...
- RBI approves Carol Furtado as interim CEO at Ujjivan Small Finance Bank after Sanjeev Nautiyal's exitUjjivan Small Finance Bank appointed Carol Furtado as interim chief executive officer. This appointment follows the sudden resignation of M...
- Ujjivan Small Finance Bank CEO & MD Sanjeev Nautiyal steps down on health groundsUjjivan Small Finance Bank's MD and CEO has resigned citing health reasons. The board accepted the early retirement and appointed Carol Fur...
- Bajaj Finance, L&T Finance poised to benefit as NBFC earnings recovery broadens: Siddhartha KhemkaIndia’s NBFC sector is showing signs of a broad-based cyclical recovery, with FY27 first-quarter results pointing to stronger loan growth, ...
- NBFCs enter new cyclical recovery, PAT seen rising 24% in FY27: Motilal OswalNon-banking financial companies are entering a new cyclical recovery phase. Loan growth and asset quality improvements are expected to driv...
- NBFCs: How you own them matters more than which you own; 19 NBFC stocks with upside potential ranging from 1% to 31%Like much of the Indian market, valuations in this sector are also not cheap. And when you pay a full price for a sector, the risk of getti...
- Indian banks' asset quality outlook remains stable, West Asia impact limited: ReportBanks in India foresee a stable outlook for asset quality, driven by the reduction of unsecured lending which should prevent new stresses f...
- Tata, Godrej and now Birla: Big groups aren't just chasing glitterIndia’s gold loan market is emerging as a growth opportunity for financial institutions, with outstanding loans against gold jewellery reac...
- No takers: Public sector banks put ₹39,000 cr of bad loans up for sale againPublic sector banks offered many bad loans previously for sale. Nearly eighty percent of these loans were repeat sale attempts. Indian Over...
- India’s microfinance overhang is finally easing as debt-stressed borrowers fallThe number of microfinance borrowers with multiple loans has significantly decreased. These borrowers still hold substantial outstanding lo...
- Ananya Birla-promoted Svatantra Microfin files for Rs 3,000 crore IPOSvatantra Microfin has filed for a Rs 3,000 crore IPO, comprising Rs 1,500 crore fresh shares and Rs 1,500 crore OFS. Promoter Ananya Birla...
- Advent-backed Svatantra Microfin files for $315 million IPOSvatantra Microfin has filed for an initial public offering worth thirty billion rupees. Existing investors Advent International and Multip...
- Banks to reveal loan rates every month in RBI's disclosure tweakThe Reserve Bank of India has proposed new lending rate guidelines. Regulated entities must declare lending rates monthly and reset floatin...
- Fusion Finance aims to cut microfin share, offer larger retail loansFusion Finance plans to reduce microfinance loans to seventy percent by fiscal 2029. The company will introduce larger individual loans whi...
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