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Will Slice get RBI Approval To Issue Credit Cards?

Will Slice get RBI Approval To Issue Credit Cards?

Getting the regulator's permission will be an uphill task after it recently prohibited fintech companies from loading credit lines onto prepaid payment instruments 

20 July 2022
Shriram Group's Non-banking Financial Entities To Get Amalgamated By December Quarter: MD

Shriram Group's Non-banking Financial Entities To Get Amalgamated By December Quarter: MD

Chennai-based Shriram Group announced the merger of two non-banking finance companies (NBFCs) in December 2021, which will create the largest retail NBFC in...

17 July 2022

Woman Held For Duping People By Posing As Executive Of Non-Banking Firms

The accused, identified as Manisha Ahirwal, was arrested from a fake call centre running in a rented accommodation at Rohini Sector 8, they said. 

IIFL Finance Gets Board's Nod To Raise Rs 5,000 Crore By Issuing Bonds

IIFL Finance Gets Board's Nod To Raise Rs 5,000 Crore By Issuing Bonds

The bonds will be offered through public issue, subject to regulatory and statutory approvals, IIFL Finance said in a regulatory filing

23 June 2022

NBFCs To See Rs 18 Lakh Crore Loans Getting Repriced In FY23: Crisil

The agency expects borrowing cost of NBFCs to go up by 85-105 basis points (bps) in this fiscal owing to recent hikes in repo rate by 90 basis points in two...

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13 June 2022
NBFCs, HFCs See Improvement In Asset Quality In Q4 FY22: Report

NBFCs, HFCs See Improvement In Asset Quality In Q4 FY22: Report

The gross stage 3 assets (loans overdue for more than 90 days) for NBFCs reduced to 4.4 per cent in March 2022 from 5.7 per cent in December 2021, Icra Ratings...


13 June 2022
Bajaj Finance Raises Deposit Rates By Up To 20 Bps On Various Tenors

Bajaj Finance Raises Deposit Rates By Up To 20 Bps On Various Tenors

The revised rates on Bajaj Finance FDs of up to 20 basis points are effective from June 14, 2022, and shall be applicable to fresh deposits and renewals of...


05 June 2022
TVS Credit Aims 25% Loan Growth This Fiscal

TVS Credit Aims 25% Loan Growth This Fiscal

The company closed FY22 with a Rs 13,911 crore balance sheet and expects 25-30 per cent growth in the current fiscal, TVS Credit CEO Venkatraman Gopalakrishnan...


16 May 2022
Ajay Srinivasan Quits As MD Of Aditya Birla Capital Amidst Corruption Allegations

Ajay Srinivasan Quits As MD Of Aditya Birla Capital Amidst Corruption Allegations

According to reports, serious allegations of corruption and mismanagement have been leveled by a whistleblower against the company and the top management.


18 April 2022
Loan Assets Securitised By NBFCs Jump 43% To Rs 1.25 Lakh Crore Last Fiscal: Report

Loan Assets Securitised By NBFCs Jump 43% To Rs 1.25 Lakh Crore Last Fiscal: Report

The amount of loans securitised by Non-Banking Financial Companies and Housing Finance Companies in FY21 stood at Rs 87,300 crore


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17 April 2022
5 Ways To Make The Education Loan Process Easier To Study Abroad

5 Ways To Make The Education Loan Process Easier To Study Abroad

A good credit score, reputed institute and accurate documentation are some of the factors that can make the education loan process smoother to study abroad


15 April 2022
Fund Raising Via Debt Placement Hits 6-Year Low At Rs 5.88 Lakh Crore In FY22

Fund Raising Via Debt Placement Hits 6-Year Low At Rs 5.88 Lakh Crore In FY22

This was 24 per cent lower from a record Rs 7.72 lakh crore mobilised in 2020-21, data with Securities and Exchange Board of India (Sebi) showed


11 April 2022
RBI Says 22 NBFCs Have Surrendered Their Registration Certificates

RBI Says 22 NBFCs Have Surrendered Their Registration Certificates

With cancellation of the CoRs, these 22 entities cannot transact the business of a Non-Banking Financial Company (NBFC), the RBI said in a statement.


11 April 2022
RBI Says 22 NBFCs Have Surrendered Their Registration Certificates

RBI Says 22 NBFCs Have Surrendered Their Registration Certificates

With cancellation of the CoRs, these 22 entities cannot transact the business of a Non-Banking Financial Company (NBFC), the RBI said in a statement.


30 March 2022
Strengthening The Auto Financing Sector With Digital Tools And Technology, Says Karamveer Dhillon

Strengthening The Auto Financing Sector With Digital Tools And Technology, Says Karamveer Dhillon

Karamveer Dhillon's Perpetuity Capital is a Non-Banking Financial Company (NBFC) which primarily provides commercial vehicle financing to the unbanked...


28 March 2022
Outstanding Microfinance Loans Grew 10.4% Annually, Says Report

Outstanding Microfinance Loans Grew 10.4% Annually, Says Report

Rural market grew by 7.6% against 3.8% in urban areas in December quarter, says CRIF report


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21 March 2022
NBFC-MFI Borrowers Can Now See How Their Interest Rates Are Set; Have More Choice

NBFC-MFI Borrowers Can Now See How Their Interest Rates Are Set; Have More Choice

Interest rate model to include risk premium and break up of components. Borrower loan and repayment limits undergo change.


20 March 2022
SBI Lines-Up 12 NPA Accounts For Sale To ARCs To Recover Dues Of Over Rs 820 Crore 

SBI Lines-Up 12 NPA Accounts For Sale To ARCs To Recover Dues Of Over Rs 820 Crore 

SBI said it has placed these accounts for sale to asset reconstruction companies (ARCs)/banks/Non-Banking Financial Companies (NBFCs)/financial institutions...


14 March 2022
Microfinance Lenders Cannot Charge Usurious Interest Rate From Borrowers, Says RBI

Microfinance Lenders Cannot Charge Usurious Interest Rate From Borrowers, Says RBI

A microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs 3 lakh.


10 March 2022
Capri Global On Embracing The Latest Developments In Tech And Data Analytics

Capri Global On Embracing The Latest Developments In Tech And Data Analytics

Capri Global is using disruptive technology products for transforming from a traditional NBFC to a leading FinTech company. With its digital transformation...


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