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Mahindra Finance collaborates with Salesforce to digitize MSME lending

Mahindra Finance,(Mahindra Finance=MF)part of the Mahindra Group and one of the leading NBFCs in India, today announced its collaboration with Salesforce, the global leader...

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

Mahindra Finance, one of India’s leading NBFCs and part of the Mahindra Group, today announced a co-origination partnership with UGRO Capital Limited, a DataTech...

Gold loans by banks and NBFCs are set to reach the Rs. 15 trillion mark by March 2027: ICRA

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...

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

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...

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

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...

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

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...

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

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...

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

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...

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

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...

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

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...

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

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...

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

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...

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Indian stock market declines 1.05% amid sustained FII selling pressure

The Indian stock market witnessed a sharp decline today, with benchmark indices slipping 1.05%, weighed down by broad-based selling across sectors. Rising concerns over...

Indian stock market slips 1.5% amid global trade war concerns

The Indian stock market witnessed a sharp decline today, with benchmark indices slipping 1.5% amid rising global trade war concerns and sustained selling pressure...

Florida legislator introduces bitcoin reserve bill

Florida Representative Webster Barnaby has proposed the state's second Bitcoin reserve bill, allowing the Chief Financial Officer to allocate up to 10% of Florida's...

Xero appoints Jeff Ryan as Chief People Officer

Xero, the global small business platform, today announced it has appointed Jeff Ryan as its Chief People Officer, to replace Nicole Reid, who has...