Jagsonpal Finance and Leasing Limited has announced its intention to acquire Welcast Finstocks Pvt Ltd, a Non-Banking Financial Company (NBFC), pending necessary approvals from regulatory […]
Tag: nbfc
BharatPe turns profitable with Rs 6 crore pre-tax gains in FY25
BharatPe has recorded its first full-year profitability, posting an adjusted pre-tax profit of Rs 6 crore in FY25. This marks a sharp turnaround from the […]
Comfort Fincap sees 38 per cent jump in Q1 PAT amid robust lending growth
Comfort Fincap Limited has announced its financial results for the first quarter ended June 30, 2025, reporting a strong year-on-year growth in profitability and a […]
lendingplate reports breakthrough FY25 performance with Rs 20 crore profit
lendingplate, a digital-first NBFC under Unifinz Capital India Limited, has announced its audited financial results for the fiscal 2025. The company reported strong revenue and […]
FinMen Advisors bags regulatory nod to become licensed NBFC
FinMen Advisors has obtained its Non-Banking Financial Company (NBFC) licence, enabling the firm to extend its offerings beyond credit rating advisory and IPO advisory into […]
Shriram Finance secures $500 million SACE ECB loan to boost Italian vehicle financing
Shriram Finance has raised $500 million through a SACE External Commercial Borrowing (ECB) Push loan facility with a 10-year tenor. SACE, Italy’s government-run export credit […]
RBI launches exclusive internet domains to strengthen digital banking security
In a decisive move to enhance trust in digital banking and combat cyber fraud, the Reserve Bank of India (RBI) has announced the launch of […]
Perfios acquires Clari5 to strengthen financial crime management
Bengaluru-based SaaS firm Perfios has acquired fraud-detection platform Clari5 (CustomerXPs) for an undisclosed amount, further strengthening its financial crime management solutions for banks, NBFCs and […]
PhonePe to exit from Account Aggregator Business, surrenders NBFC-AA Licence
PhonePe Group has announced its decision to exit the Account Aggregator (AA) business and surrender its NBFC-AA licence to the Reserve Bank of India (RBI). […]
RBI unveils NBFCs in upper layer under scale-based regulation for 2024-25
The Reserve Bank of India (RBI) has announced the list of Non-Banking Financial Companies (NBFCs) classified under the Upper Layer (NBFC-UL) for the financial year […]