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Nbfc

Reserve Bank of India, RBI

RBI Issues Revised Guidelines For IDF-NBFCs

RBI said a review of the guidelines applicable to IDF-NBFCs has been undertaken in order to enable them play a greater role in financing of the infrastructure sector and to harmonise the regulations governing financing of...

18 August 2023

Gautam Adani

Adani Capital Buyout: Three Private Equity Firms In Race For Rs 2000 Crore Sale

Adani Group is planning to sell its ten-year-old NBFC, Adani Capital, and three private equity groups are reportedly all set to make binding bids for the shadow bank

10 July 2023

Higher Interest Rate Increases Repayment Amount, Limits Refinancing Options For SME Borrowers With Loans Against Property: Moody's

With rising funding cost, the NBFCs have increased interest rates for loans against property (LAP) to small and medium-size enterprise (SME) borrowers, which is heightening repayment and refinancing risks for these loans

17 April 2023

NBFC

Banks' Lending To NBFCs Jumps 35% To Rs 14.2 Lakh Crore In June: Report

Credit exposure of banks to NBFCs rose by a robust 35.1 per cent on-year to Rs 14.2 lakh crore in June, indicating non-banking finance firms' decreased reliance on international borrowings. This also pushed up NBFCs' share...

16 August 2023

Reserve Bank of India, RBI

RBI Imposes Rs 20 lakh Penalty On Manappuram Finance

The Reserve Bank of India (RBI) conducted a statutory inspection of the company concerning its financial position as of March 2021

17 June 2023

How To Protect Yourself From Fake Apps Offering Loans 

Instant loan apps are easy bait for people needing money but not all lenders are RBI authorised, and they can put you in danger. 

08 April 2023

NBFC

Securitisation Volumes Surge 60% To Rs 55,000 Cr In Q1: Crisil

Securitisation refers to an activity where a financier or lender transfers future receivables on a loan or a bunch of loans to other financiers which helps with immediate liquidity requirements

10 July 2023

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Enforcement Directorate

Chinese Loan App Case: ED Charge Sheet Against Razorpay, Fintech Firms, NBFCs On Money Laundering Charges

The platform has blocked all those suspicious entities and funds associated with them about one-and-half years ago and has shared their details with the ED on multiple occasions

18 March 2023

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14 October 2022
Home Loan Vs Personal Loan For Home Renovations: Which One Do You Opt For

Home Loan Vs Personal Loan For Home Renovations: Which One Do You Opt For

A home loan is a loan taken out by homeowners to buy, build, or improve the value of their home. It allows the homeowner to borrow money to cover the costs of...


20 July 2022
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...


17 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...


26 June 2022
Woman Held For Duping People By Posing As Executive Of Non-Banking Firms

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. 


23 June 2022
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


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14 June 2022
NBFCs To See Rs 18 Lakh Crore Loans Getting Repriced In FY23: Crisil

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...


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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