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Sammaan Capital Q2 Results: Net profit rises to Rs 312 crore, AUM up 5% QoQ to Rs 59,188 croreSequentially, the company’s net profit increased over 28% quarter on quarter from Rs 243 crore reported in the first quarter of FY27. The n...- What's under all that glitter? Glare falls on booming gold loan businessGold loan: Gold may protect lenders against some credit losses, but it cannot manufacture income for borrowers. The real measure of this bo...
- ASA International set to exit India by year-endASA International is in the process of exiting its India operations by the end of this year. The Reserve Bank of India approved the volunta...
- Aditya Birla Capital opens 100th gold loan branch in MumbaiAditya Birla Capital inaugurated its 100th dedicated gold loan branch in Santacruz, Mumbai, recently. The company also opened another branc...
- Nexera Health founder Himanshu Rajpurohit launches medical lending venture MediCashThe venture has raised Rs 5 crore worth of equity commitments from friends and family, and is looking to raise another Rs 15-20 crore from ...
- Credit guarantee fund for small units extended by five yearsThe Union Cabinet has approved a five-year extension for the Credit Guarantee Fund for Micro Units and the Stand-Up India scheme. An alloca...
- Cabinet approves extending credit guarantee fund for micro units, and Stand up India scheme; Aqua Line metro rail corridors extension gets nodThe Union Cabinet has extended the Credit Guarantee Fund for Micro Units and Stand-Up India schemes by five years until 2031, approving a c...
- Tata Motors partners with Finzo EV Solutions to make electric commercial vehicles more accessibleTata Motors has entered into a partnership with Finzo EV Solutions to offer financing options. These options include quick loan disbursemen...
- Satya Micro Capital to sell its housing finance arm to address liquidity crunchSatya Micro Capital plans to sell its housing finance subsidiary for ₹150-200 crore to ease liquidity pressure and strengthen its financial...
- IREDA stock rises 8%, logs seventh straight session of gains; rebounds over 21% from October lowIREDA shares extended their winning streak to a seventh consecutive session on Monday, rising as much as 8% on the NSE. The stock has rebou...
- Digital lenders clock 40-50% revenue growth as credit demand surgesDigital lender Kissht's revenue from operations rose 44.7% year-on-year to Rs 732 crore, while Moneyview reported 41% growth to Rs 1,120 cr...
- MobiKwik gets RBI nod for NBFC arm, plans to launch in 3-6 monthsThe Reserve Bank of India has officially granted MobiKwik Financial Services the green light to operate as an NBFC. With an eye towards dis...
- MobiKwik shares jump 4% as RBI approves NBFC licence; co targets Rs 5,000 crore loansMobiKwik shares gained on Friday after the RBI granted its subsidiary a licence to operate as an NBFC, enabling the fintech company to ente...
- Moneyview net profit jumps to Rs 201 crore in Q2The sharp rise in profit was partly due to a one-time cyber-incident loss of Rs 47.95 crore in Q2 FY26, when hackers exploited an API linke...
- India flags Chinese-linked AI tools in hacking campaign against financial firmsIndia's cybersecurity agency named the hacking group behind a wave of AI-driven attacks on financial firms and identified its tools, at lea...
- China Banks' applications for PBOC stock loan scheme exceed 200 billion yuanChina's central bank said applications for loans under its stock-purchase financing scheme have exceeded 200 billion yuan. The PBOC has als...
- IKF Finance sets Rs 25,000 crore AUM target for 2030The company has broadened its financial services beyond vehicle loans, which opens up new avenues for growth. With a seasoned leadership te...
- NBFCs redesign lending models ahead of revolving credit curbsNon-banking financial companies are innovating loan products to align with upcoming Reserve Bank of India guidelines. These guidelines aim ...
- MobiKwik expects MDR on UPI to add Rs 100 crore to payment revenue in FY28On its second-quarter earnings call, the company’s management said the implementation of UPI MDR would improve payment unit economics and c...
- Cholamandalam Investment Q2 net profit rises 41% on strong income growth, plans Rs 5000 crore capital raiseCholamandalam Investment and Finance reported a 41% rise in second-quarter net profit to Rs 1,630 crore, helped by strong income growth, hi...
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