The Reserve Bank of India on Monday said it has cancelled the registration of two non-banking finance companies (NBFCs) – Pune-based Kudos Finance and Investments […]
Tag: nbfc
Rate hikes will not impact NBFCs’ collections, says Icra Ratings
A day after the Reserve Bank delivered another rate hike, a domestic ratings agency on Thursday said the increases will not impact collection efficiencies for […]
Tata Sons looks to shed its ‘Upper Layer NBFC’ tag
Tata Sons has been exploring the possibility of being exempted from a Reserve Bank of India (RBI) notification, issued in October 2021, that included it […]
Gold loan NBFCs seek ‘priority’ sector status
Gold loan non-banking finance companies (NBFCs) have sought ‘priority’ sector status for eligible gold loans, including microloans, loans to farmers and micro businesses in the […]
At Rs 8,640 crore, Torrent highest bidder for Reliance Capital
Torrent Investments is the highest bidder for Anil Ambani-owned Reliance Capital, having offered Rs 8,640 crore for the debt-laden financier at an auction held on […]
NBFCs seen growing at 10-12 per cent this fiscal and next
Non-bank financing companies are finally shedding the Covid-era stress and could see a 40 basis point improvement in bad loan numbers, domestic rating agency ICRA […]
India’s Largest Retail Finance NBFC is Here – Shriram Finance Limited. Shriram Transport Finance and Shriram City Union Finance are now Shriram Finance
Shriram Transport Finance Company, the largest financier of commercial vehicles, and Shriram City Union Finance, the largest two-wheeler financer and leader in micro, small and […]
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, constituting almost a quarter of the balance […]
Anant Singhania, CEO, JK Enterprises & President, IMC Chamber of Commerce & Industry conferred BFSI & Fintech Winners
B2B Infomedia: Indian BFSI sector is poised to become the third largest in the world by 2025. It means a huge amount of data is churning […]
Gujarat-based NBFC tops NARCL bid for consolidated construction
ujarat-based NBFC Raj Radhe Finance has offered Rs 130 crore to take over the debt of EPC company Consolidated Construction Consortium (CCC) topping National Asset […]