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1 min read

After making its debut in fintech, Xiaomi to enter Indian NBFC sector soon

The Chinese smartphone manufacturer, Xiaomi is mulling an entry into India’s Non Banking Financial …

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1 min read

Former Deutsche Bank honchos are starting the desi version of SoFi in India

This company will be lending to individuals, SMEs and entrepreneurs, and is said to be be modelled …

Business Insider Latest Story Image
2 mins read

Jio Financials gets RBI nod to become Core Investment Company

Jio Financial Services has received the nod from the Reserve Bank of India (RBI) to convert into a …

ANI   


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1 min read

IIFL Finance emerges as second largest gold loan NBFC

The market leader in gold loans is Muthoot Finance with an AUM of Rs 66,089 crore, as of Sept…

PTI   


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Bank, NBFC stocks tumble after RBI decision

We read this as major negative for all NBFCs (including the ones with strong liability franchises)…

PTI   


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2 mins read

The Reserve Bank of India just made it a lot easier for the country’s shadow banks to sell off their loans

The restriction was put in place to ensure that the loan was being serviced regularly prior …

Business Insider Latest Story Image
2 mins read

Economic Survey unveils Health Score to detect early-warning signals in NBFCs

New Delhi, Jan 31 () The Economic Survey on Friday unveiled an early-warning system, 'Health Score'…

PTI   


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1 min read

IRFC IPO to open on January 18 with price band of ₹25-26 per share

The initial public offering (IPO) of the Indian Railway Finance Corporation (IRFC) will open on Jan…

Business Insider Latest Story Image
1 min read

KKR to infuse USD 150 mn into Indian NBFC arm

Mumbai, Jan 15 () Amid liquidity squeeze faced by non-bank lenders, global buyout major KKR on Wedn…

PTI   


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3 mins read

NBFC players say budget offers some hope, finally

Mumbai, Feb 1 () The non-banking finance sector, which has been down in the dumps since September 2…

PTI   


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2 mins read

MFIs, SFBs to face asset quality issues due to lockdown: India Ratings

"Given that collections mostly happen in cash, they may fall drastically in April 2020 before seein…

PTI   


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2 mins read

FDI in non-bank lenders needs to be explored for greater support to MSMEs: Gadkari

Regarding request for extension of interest subvention scheme for MSMEs, which was in place until M…

PTI   


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2 mins read

NBFCs' asset base scales past Rs 54 lakh crore: MoS Finance

The asset base of non-banking financial companies has scaled past Rs 54 lakh crore as of March 2022…

PTI   


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2 mins read

Stressed NBFC sector relying more on banks for borrowings: Care Ratings

Banks' advances to NBFCs stood at Rs 7.37 lakh crore as of January 2020 compared to Rs 5.47 lakh c…

PTI   


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1 min read

Power Finance Corp, Mizoram govt sign pact to build hospital in Mamit

"PFC today (Friday) inked a memorandum of agreement with the health department of the Mizoram gove…

PTI   


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2 mins read

NBFCs seek setting up of permanent refinance window in Union Budget

Mumbai, Jan 28 () Non-banking finance companies (NBFCs) have sought setting up of a permanent refin…

PTI