Svatantra Microfin files draft papers for Rs 3,000 crore IPOSvatantra Microfin has submitted a proposal seeking approval for a ₹3,000 crore initial public offering (IPO). The plan includes a fresh is...
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...
Karnataka HC quashes ED money laundering case against Sammaan CapitalThe Karnataka High Court has quashed ED money-laundering proceedings against Sammaan Capital, formerly Indiabulls Housing Finance, ruling t...
Manappuram Finance Q1 Results: Profit soars four-fold to Rs 585 croreManappuram Finance has showcased a remarkable financial performance in the first quarter, with consolidated profits leaping to Rs 585 crore...
Not much concerned on proposed NBFC norms, revolving credit exposure below 5%: Tata Capital CEOTata Capital's revolving credit exposure remains below five percent of its total lending. The company will submit its feedback to the Reser...
Microfinance asset quality improves further as loans at risk fall to 2.3% in June: CRIFMicrofinance asset quality stress eased further in June, with portfolio at risk falling to 2.3 percent. Aggressive write-offs of bad loans ...
RBI curbs on NBFC flexi credit may push lenders towards bullet loans, raise costs: KotakThe Reserve Bank of India's (RBI) proposed restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) m...
Rs 20,000 crore credit guarantee plan misses the markBanks have disbursed merely seventeen percent of the credit guarantee scheme funds. Loan sanctions remain slow as banks show caution with s...
- NBFCs outpace banks in June as cards lose some credit
NBFCs outpaced banks in retail lending growth in June, with loans rising over 20% year-on-year compared with 16% for banks. Growth was driv...
As banks shrink microfinance books, bigger MFIs prepare to grab the gapLarge microfinance companies including Muthoot Microfin and Satin Creditcare have raised their growth forecasts as private banks, small fin...
NBFC gold loans continue near 70% growth, reach Rs 3.41 lakh crore in June: RBINon-banking financial companies saw gold-backed lending grow nearly seventy percent year-on-year. This strong expansion continued into June...
NBFC credit surges 14.4% to ₹59.3 lakh crore in June, retail loans lead growth: RBI dataNon-banking finance company credit grew 14.4 percent year-on-year in June. Retail loans saw the fastest expansion, increasing by 20.3 perce...
Tata Investment, Tata Chemicals rally up to 7% after RBI classifies Tata Sons as upper-layer NBFCTata Investment Corp and Tata Chemicals shares rallied up to 7% after the RBI classified Tata Sons among the 16 upper-layer NBFCs, reviving...
Listing cloud still hangs over Tata sons with NBFC-UL tagTata Sons is now an upper-layer NBFC, requiring its stock market listing. The Reserve Bank of India is reviewing its deregistration applica...
Tata Sons faces continued listing uncertainty after RBI classificationThe Reserve Bank of India has placed Tata Sons under intensified regulatory oversight. This designation will not influence its ongoing bid ...
RBI classifies Tata Sons as Upper-Layer NBFC under revised frameworkThe Reserve Bank of India has classified Tata Sons as an Upper Layer NBFC. This classification follows revised norms for financial companie...
RBI upper-layer NBFC list to come out soonThe Reserve Bank of India will soon release a list of upper-layer NBFCs. New principle-based regulations will classify these financial comp...