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 […]
Tag: nbfc
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 […]
U Gro Capital adds 74 new branches
Despite a challenging environment for Non-Banking Financial Companies (NBFCs) in India, U Gro Capital continues to strengthen its mission of bridging the credit gap for […]
Enhancing customer experience in NBFC sector
Customer experience (CX) has emerged as a cornerstone for success in today’s customer-centric world, particularly for Non-Banking Financial Companies (NBFCs). It goes beyond offering financial […]
Microfinance lending in Uttar Pradesh climbs 10 per cent to Rs 40,840 crore in FY2024
The microfinance sector in Uttar Pradesh (UP) witnessed robust growth, with the credit pool rising by nearly 10 per cent Year-on-Year (Y-o-Y) to reach Rs […]
Purple Finance successfully closes oversubscribed rights issue by 1.5 times
Micro, Small and Medium Enterprises (MSME)-focused NBFC, Purple Finance, recently has successfully closed its recent rights issue, which was oversubscribed by 1.5 times. The company […]
Usha Financial Services set to launch its IPO soon
Usha Financial Services is all set to launch its Initial Public Offering (IPO) soon. The company also received official approval earlier this month from the […]