Seeking to tap into the growing digital lending sector, Kerala-based Manappuram Finance Ltd has launched Ma-Money, a new digital lending platform. The objective of introducing […]
Tag: nbfc
NBFCs step up used car funding as EVs catch on
Non-banking financial companies (NBFCs) are stepping up the funding of used cars, seeing it as a growth driver over the next two-three years, especially with […]
Funding constraints may hamper NBFCs’ loan growth this fiscal: Report
With most non-bankers reaching the maximum funding cap from banks, their projected 16 per cent loan growth may be impacted, leading to margin compression for […]
U GRO CAPITAL LAUNCHES GRO X APP, ‘CREDIT LINE ON UPI’ FOR SMALL BUSINESSES
Key Highlights: • Collateral free instant credit lines to small merchants.• GRO X allows MSMEs to not only avail credit through UPI but accept payments […]
DMI Finance announces the closure of a USD 400 Million equity investment round led by Mitsubishi UFJ Financial Group, Inc.
DMI Finance Private Limited (“DMI Finance”) today announced the closure of a USD 400 million equity investment round led by Mitsubishi UFJ Financial Group, Inc. […]
Loans rise across industry, agriculture, retail and services sectors
Bank credit rose across all – Industry, agriculture, retail and services sectors this fiscal despite rise in rates. On a year-on-year (y-o-y) basis, non-food bank […]
Axis Bank and Shriram Housing Finance Announce Partnership Under the Co-Lending Model through Yubi
Axis Bank, India’s third largest private sector bank and Shriram Housing Finance Limited (SHFL), a leading Affordable Housing Finance Company, today announced a strategic partnership […]
SUCCESSFUL CONCLUSION OF 14TH NBFC & FINTECH CONCLAVE & AWARDS 2023 WHERE CHIEF GUEST RAMESH IYER DELIVERED INAUGURAL ADDRESS
B2B Infomedia: NBFCs are going through lots of churning these days to remain buoyant in the ongoing economic turmoil. As per the experts economic recession […]
IL&FS probe: PMLA court grants bail to ABG Shipyard chairman Rishi Aggarwal, wife
A special prevention of money laundering act (PMLA) court on Thursday granted bail to ABG Shipyard chairman, Rishi Agarwal and his wife Anupama, in an […]
NBFCs appeal for rollback of tax provisions on MLD returns
Non-bank lenders are seeking a rollback of the budget announcement that has classified returns on market-linked debentures (MLD) as short-term capital gains, resulting in higher […]