Bank deposits hit decade-high growth as NRI dollar inflows cross $37 billionBank deposits saw their fastest growth in nearly ten years by July. Overseas Indians deposited about $37 billion in foreign currency accoun...
12 Aug, 2026, 10.00 PM IST
Indel Money to raise up to Rs 500 crore via public issue of NCDsIndel Money plans to raise up to Rs 500 crore through a public issue of non-convertible debentures. The issue will open on August 18 and cl...
12 Aug, 2026, 09.39 PM IST
BofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unitBank of America is making headlines with its planned acquisition of a substantial 26.5 percent interest in Jio Credit. This deal, involving...
12 Aug, 2026, 09.28 PM IST
Manappuram to end family-led era as Bain brings in a professional MDManappuram Finance will shift to professional management after Bain Capital gained joint control, with VP Nandakumar becoming non-executive...
12 Aug, 2026, 02.00 PM IST
Slice posts Q1 profit of Rs 51 crore as banking pivot gathers paceSlice’s Q1 results come as the company explores a $50-100 million fundraise at a valuation below $1 billion, ET reported in April. If compl...
11 Aug, 2026, 05.45 PM IST
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...
11 Aug, 2026, 04.18 PM IST
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...
11 Aug, 2026, 02.06 AM IST
- 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...
11 Aug, 2026, 12.46 AM IST
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...
10 Aug, 2026, 12.08 AM IST
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...
08 Aug, 2026, 04.21 PM IST
Banks or NBFCs? DSP's Preethi R S explains where she sees the best opportunitiesDSP Mutual Fund’s Preethi R S remains constructive on India’s financial sector, favouring lenders with strong deposit franchises, disciplin...
08 Aug, 2026, 11.30 AM IST
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...
08 Aug, 2026, 01.03 AM IST
NBFC gold jewellery loans jump 69 pc in June, fastest across segments: RBI dataNon-Banking Financial Company gold loans surged significantly by June 2026. Retail credit remained the primary driver for NBFC lending grow...
07 Aug, 2026, 07.36 PM IST
Global Market: Singapore's OCBC, UOB Q2 profits rise as wealth business cushions impact of lower interest ratesSingapore's OCBC and UOB banks have exceeded expectations with their second-quarter earnings, showcasing resilience amid lending income cha...
07 Aug, 2026, 01.46 PM IST
RBI's FCNR(B) scheme attracts $41 billion, Jefferies says inflows may double to $80-100 billionThe Reserve Bank of India's deposit scheme has attracted significant foreign currency inflows. This scheme is expected to mobilize up to on...
07 Aug, 2026, 12.25 PM IST
New framework to standardise interest rate rules on the anvil, says RBIThe Reserve Bank of India plans to standardize interest rate rules for all regulated entities. This new principle-based framework aims to i...
06 Aug, 2026, 01.01 AM IST
India's bank credit growth remains robust at 18.6% in June 2026; NBFC, retail lending drive momentum: ReportIndia's average bank credit growth remained robust in June 2026, supported by healthy retail lending and strong credit flow to non-banking ...
03 Aug, 2026, 10.17 AM IST