IIFL Finance is intending to raise ₹2,500-5,000 crore by selling a minority stake. The company's promoters may subscribe to warrants to lim...

Bajaj Finance is projecting a remarkable 29% increase in net profit for the July-September quarter, driven by robust loan demand and a boos...

Bandhan Financial Services is exploring opportunities in the health insurance sector after recent acquisitions. The company intends to focu...

Axis Bank has appointed Rahul Shukla as the group head of Commercial and Bharat Banking, effective October 19. He brings over three decades...

IIFL Finance reported a significant increase in profit after tax for the quarter, rising to Rs 805 crore. This growth was attributed to str...

Early investors GIC & IFC jointly hold 30% in Bandhan Financial Services (BFSL), keen to exit. PE funds tapped too to gauge strategic inter...

CreditAccess Grameen is in the process of securing a $175 million loan from several international lenders. This funding will help enhance t...

V Anantha Nageswaran emphasized the need to revise non-performing asset classification norms for micro, small and medium enterprises. He hi...

According to a report by Emkay Research, Indian banks might report a 25.4 percent year-on-year increase in net profit. Higher foreign curre...

India's microfinance sector, with a market worth ₹3.30 lakh crore, is encountering credit risk hurdles. Key factors include inconsistent ra...

Aditya Birla Sun Life Mutual Fund has launched a sectoral debt fund focused on financial services, with relatively high interest rate risk ...

S&P Global forecasts a 12-14% increase in financial sector lending despite potential slowdowns in rural areas. Concerns about weak monsoon ...

S&P has projected credit growth of 12-14% in India's financial sector, emphasizing concerns about rural credit growth. The potential impact...

Indian banks are heading into the Q2 earnings season with strong loan growth, helped by FCNR(B) deposit inflows, but margins are likely to ...

Indian banks are projected to see an 11 percent year-on-year growth in earnings for the second quarter of FY27. The report anticipates that...

NEDFI maintained a strong financial performance during the year, with gross income growing by 4.40% to Rs. 270.82 crore. Interest income in...

The share of high-value microfinance loans above ₹75,000 to individual borrowers rose to 41% in Q1 FY27, from 28% a year earlier, as lender...