The Reserve Bank of India has cancelled registration certificates for several non-banking financial companies and core investment companies...

Power Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India...

India's startup scene is experiencing significant growth. Several new companies have achieved unicorn status, valued at over $1 billion. Sk...

PFC shares surged over 5% to hit a fresh 52-week high amid expectations of rising power demand due to increasing temperatures. The stock ha...

Piramal Finance made its market debut on November 7 at ₹1,270 per share on the BSE, a 13% premium to the discovered price of ₹1,124.20. The...

Piramal Enterprises Ltd (PEL) will merge with Piramal Finance Ltd (PFL), with September 23 as the record date. PEL shareholders will receiv...

Aditya Birla Capital Limited (ABCL) and Aditya Birla Finance (ABFL) have approved the Scheme of Amalgamation (Scheme) to create a large uni...

As per the RBI guidelines, an ‘upper-layer’ NBFC must list within three years of being notified. On September 14, 2023, the Reserve Bank of...

The Reserve Bank of India (RBI) has, over the past few years, been bringing the regulatory framework of banks and that of non-banks into cl...

“Given that the merged lending entity will have more than almost 1.5 trillion of AUM, it should be amongst the top five to six NBFCs in the...

Almost a year after its attempt to take over Lakshmi Vilas Bank failed, non-banking finance company Clix Capital is in discussions with Sur...

SCUF now trades 1.6 times its FY21 estimated book.

The Chennai-based bank has been evaluating the merger option as it needs to augment long-term capital.

The board also approved raising of up to Rs 750 crore through issue of securities in one or more tranches.

"I guess the new RBI norms will result in a more liberal interpretation of the space. Banks and NBFCs will now be more open to look at a ho...

Three microfinance firms which had proposed a merger at the time of their debt recast talks with banks in August have now called off the pl...

The promised consolidation of non-banking finance companies (NBFCs) may hint at an interesting possibility: a merger of HDFC with HDFC Bank.