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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
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
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, …
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
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
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
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
Reserve Bank may act against more NBFCs to keep obscure lending practices in check, says Morgan Stanley
Earlier this month, the apex bank had already issued a stern warning to the NBFC sector, discouragi…
2 mins read
Sensex soars to 84,928, Nifty settles at 25,939 as stock market closes at all-time high
The stock market closed in the green, with benchmark indices hitting new all-time highs at the end …
ANI
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
Bajaj Housing Finance IPO booked over 4x on the second day. Should you jump aboard this ship?
While the allotment is expected to be finalised by September 12, the listing on NSE and BSE will te…
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,…
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…
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…
2 mins read
InCred, KKR India Financial Services complete merger, hope to become a ‘leading’ NBFC
InCred Financial Services and KKR India Financial Services (KIFS), on Wednesday, announced that the…
3 mins read
OPINION: Why NBFCs remain key to closing the MSME credit gap
It is widely acknowledged that the micro, small and medium enterprises (MSME) sector has become the…
1 min read
PTC India Financial Services slips 18% after three independent directors resign
At 11.15 a.m., the shares traded at Rs 21.15, down 17.5 per cent. Three independent directors…
2 mins read
IPO Overview : DEE Piping, Akme Fintrade, GPES Solar
IPOs of Aasan loans and DEE piping systems are debuting on the market today, and will close on 21st…
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…