The Gurugram Zonal Unit of Directorate General of GST Intelligence has busted a major fraudulent Input tax Credit (ITC) racket involving 461 fake entities, which […]
Tag: finance
Gold loan NBFC Indel Money looks to strengthen presence in western, central India
Gold loan non-banking finance company (NBFC) Indel Money has taken the decision to strengthen its presence in western and central India as a part of […]
RBI’s gold reserve up over 40% in five years
The Reserve Bank of India’s gold reserves is up more than 40 percent since it resumed purchase of the yellow metal over five years ago, […]
EPFO may hire separate consultants for equity and debt portfolios
The Employees’ Provident Fund Organisation is planning to hire two consultants to manage its debt and equity portfolio separately, instead of one so far, as […]
Rural India throws NBFCs a lifeline in season of lost momentum
Overall loan growth by non-banking finance companies crawled in Q4, growing just 2% annually during the quarter. Both semi-urban and urban sectors reported lower growth […]
Karbon Card, a B2B payment solution provider, has launched the country’s first mobile-based expense management card.
The company said the new card will help startups and small businesses that are constantly facing challenges, causing disruptions in their day-to-day operations and forced […]
360 One Asset raises Rs 2,130 crore for latest private credit fund
360 ONE Asset Management (formerly known as IIFL Asset Management Limited) has raised Rs 2,130 crore for its fourth private credit fund, exceeding its initial […]
Aditya Birla Group to invest Rs 1,250 crore into its financial services arm
Aditya Birla Group is set to pump in Rs 1,250 crore into its financial services arm Aditya Birla Capital Ltd. The board of Aditya Birla […]
Watch out for rising risk appetites among Indian banks, says Fitch
The rapid rise in loans and high exposure to certain asset classes may affect the risk profiles of Indian banks as it indicates a greater […]
Jana Small Finance Bank raises ₹1,200 crore to refinance holdco debt
Bengaluru-based Jana Small Finance Bank’s (SFB) holding companies have raised around ₹1,200 crore of fresh debt from shareholders TPG Capital and Singapore’s sovereign wealth fund […]