ICRA forecasts the organised gold loans (GL) by banks and non-banking financial companies (NBFCs) to exceed Rs.10 trillion in the current financial year and...

NBFC

M&M Financial Services saw its share price rise over 3% as brokerage firms forecast favorable growth in assets under management (AUM).

PJdesk - 23/09/2024 0

Today, M&M Financial Services (MMFS) stock price rise 3% during intraday trading, despite a positive outlook presented in a report by Axis Capital. In this...

NBFC

Evolving asset quality risks to impact growth and profitability of microfinance: ICRA

PJdesk - 04/09/2024 0

ICRA Report Highlights Rising Credit Costs and Asset Quality Risks in the microfinance Sector In its recent report, ICRA highlighted the increasing delinquencies in the...

NBFC

HDB Financial Services leads the way as the first NBFC to launch NPCI’s e-KYC Setu System

PJdesk - 30/08/2024 0

HDB Financial Services HDB Financial Services (HDBFS), a leading non-banking financial company (NBFC), has set a new industry benchmark by becoming the first to integrate the...

NBFC

Securitization volumes generated by affordable housing finance companies are projected to rise by 27% in FY2025: ICRA

PJdesk - 26/08/2024 0

ICRA Projects Securitisation Volumes by affordable housing finance companies to Reach Rs 8,800 Crore in FY2025 ICRA anticipates that securitization volumes originated by affordable housing...

NBFC

NBFCs fairly resilient to intensifying headwinds; however,growth to moderate to 13-15% in FY2025: ICRA

PJdesk - 22/08/2024 0

ICRA's Outlook on NBFCs: Challenges and Growth Projections: ICRA highlighted that the non-banking financial companies(NBFCs)shall witness headwinds related to funding availability, which is likely to...

NBFC

RBI Imposes ₹5 lakh penalty on Muthoot Housing Finance for Non-Compliance

PJdesk - 13/08/2024 0

RBI Imposes ₹5 lakh penalty on Muthoot Housing Finance The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹5,00,000/- (Rupees Five...

NBFC

Jio financial services approved by RBI to convert into Core Investment Company

PJdesk - 12/07/2024 0

RBI approves Jio financial services' conversion to core investment company Jio Financial Services has received approval from the Reserve Bank of India (RBI) to transition...

NBFC

Indiabulls Housing Finance Ltd has rebranded itself as Sammaan Capital Ltd.

PJdesk - 08/07/2024 0

Indiabulls Housing Finance Ltd. rebrands as Sammaan Capital Ltd Indiabulls Housing Finance Ltd has undergone a significant transformation, rebranding itself as Sammaan Capital Ltd. This...

NBFC

JM Financial to consolidate holdings in debt syndication and distressed credit businesses

PJdesk - 07/07/2024 0

Over the past 15 years, JM Financial Group has gained significant expertise and built strong relationships in both the wholesale and distressed credit sectors. JM...

NBFC

Matrix Partners India rebrands to Z47 in global renaming initiative

Pravesh Kumar Mishra - 02/07/2024 0

Matrix Partners India Rebrands to Z47 Starting July 1 US-based investment firm Matrix Partners’ Indian arm will rebrand as Z47 starting July 1. This change...

NBFC

According to RBI data, growth in private corporate sector sales slowed to 4.7% in FY24

PJdesk - 01/07/2024 0

RBI Data Reveals Slowdown in Annual Sales Growth for Listed Private Non-Financial Companies to 4.7% in FY24 The Reserve Bank of India's (RBI) data indicates...

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NBFC

RBI imposes monetary penalty on Indian School Finance Company Pvt. Ltd., Telangana

L&T Finance Limited and Amazon forge strategic partnership to revolutionize consumer lending

Mahindra Finance profit grows by 57% YoY to ₹ 369 crores

Mahindra Finance collaborates with Salesforce to digitize MSME lending

Mahindra Finance enters into a co-origination partnership with UGRO Capital Limited

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