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2 mins read
Consumption loan portfolio expands 15% to Rs 90 lakh crore in FY24, notes CRIF report
The home loans portfolio saw growth slowing down to 7.9 % YoY in FY24, from the 23 % expansion seen…
PTI
2 mins read
Stock market today: Infosys, Asian Paints take lead during early trade, realty tumbles over 1% in morning trade on 19th July
Infosys, Asian Paints, TCS, ITC and HCL Tech took lead during early morning trade, while Hindalco, …
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
1 min read
Outlook for bank credit offtake remains positive in 2024: CareEdge Ratings
Outlook for bank credit offtake remains positive in 2024 while deposit growth is expected to improv…
PTI
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
1 min read
RBI penalties on banks, NBFCs add up to Rs 40.39 crore for 2022-23
The Reserve Bank of India (RBI) has imposed penalties to the tune of Rs 40.39 crore on banks, non-b…
2 mins read
RBI to come up with unified regulatory framework on connected lending
The Reserve Bank of India (RBI) said on Friday that it will come up with a unified regulatory frame…
2 mins read
Google for India – Sachet loans to credit on UPI, tech giant bets on lending
Search giant Google has made several major announcements for India at their annual Google for India…
1 min read
Bajaj Finance to raise Rs 10,000 crore via QIP and warrant issue
Bajaj Finance announced on Thursday that it will raise up to Rs 10,000 crore by issuing shares to q…
2 mins read
BharatPe acquires 51% stake in Mumbai-based NBFC Trillion Loans
BharatPe Group has acquired a controlling stake in Mumbai-based NBFC Trillion Loans, a provider of …
2 mins read
Embedded consumer lending platform Niro raises ₹90 crore in Series A funding round
Bangalore-based Niro has completed its Series A funding round, raising $11m to expand its platform,…
3 mins read
Microfinance lending shows strong growth in 2022, NBFC MFIs dominate the market
Average balance per account witnessed quarterly growth of 0.8% and grew 5.2% Y-oY as of December 22…
3 mins read
Customer protection 'guiding light' of revamped microfinance regulations, says RBI deputy governor
Reserve Bank of India’s (RBI) deputy governor M Rajeshwar Rao on Friday outlined several measures i…
1 min read
Bandhan Bank hikes interest rates on fixed deposits
According to the statement from the lender, the revised FD rates are applicable for retail deposits…
ANI
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
1 min read
RBI directs credit information companies to appoint internal ombudsman
The RBI, in its Statement of Developmental and Regulatory Policies, on August 5, 2022 had called…
2 mins read
Shaktikanta Das wants lending apps to 'follow the rules of the game'
Warning against mushrooming of lending apps and their usurious recovery prices, the Reserve Bank sa…
PTI
4 mins read
RBI tightens norms for Chinese lending apps
Chinese digital loan apps were utilising the loophole in the regulatory guidelines to dupe Indian c…
2 mins read
Aditya Birla Capital's net profit jumps 42% to ₹429 crore
The Company, through its subsidiaries, continues to maintain its track record of delivering stro…
3 mins read
NBFC giant Bajaj Finance reports 30% jump in Q4 net profit to ₹3,158 crore; books record new loans in FY23
The non-banking financial company (NBFC) giant Bajaj Finance on Wednesday reported a net profit of …