JPMorgan CEO Jamie Dimon Reportedly in Line for Knighthood With JPMorgan CEO Jamie Dimon announcing plans to step down from his role within the next...

Bank

NPA Risk for Banks and NBFCs Could Rise Due to Delay in Over 40% of Infrastructure Projects

PJdesk - 30/05/2024 0

NPA Risk for Banks and NBFCs NPA Risk for Banks and NBFCs May Surge Amid Delays in 40% of Infrastructure Projects A recent report by the...

NBFC

Aditya Birla Group Surpasses Benchmark Indices reached $100-Billion Market Cap Milestone

PJdesk - 26/05/2024 0

Aditya Birla Group Reaches $100B Milestone Aditya Birla Group (ABG) firms reached a combined market capitalization of $100 billion, equivalent to Rs 8,51,460.25 crore. “The...

NBFC

Jio Financial intends to engage in a Rs 36,000 crore agreement with Reliance Retail

PJdesk - 25/05/2024 0

Jio Financial's Massive Retail Deal Jio Financial Services (JFS) is seeking approval from shareholders for its subsidiary to procure equipment valued at 360 billion rupees...

NBFC

Hero FinCorp Hit with ₹3.1 Lakh Penalty by RBI for Non-Compliance with unfair Practices.

PJdesk - 25/05/2024 0

RBI imposes monetary penalty on Hero FinCorp Limited The Reserve Bank of India (RBI) has levied a monetary penalty of ₹3,10,000 (Rupees Three Lakh Ten...

NBFC

Varthana secures €3 million in funding

PJdesk - 22/05/2024 0

Varthana secures €3 million in funding: Varthana, a non-banking finance company (NBFC) in the education sector, has secured €3 million (approximately ₹27 crore) in funding...

NBFC

Gold loan NBFCs remain unaffected by the cash disbursal cap, but analysts anticipate an increase in operating expenses.

PJdesk - 19/05/2024 0

Gold loan NBFCs remain unaffected Gold loan NBFCs have indicated that the RBI directive capping cash loan disbursements at ₹20,000 will have minimal impact, as...

NBFC

Propelld secures $25 million in debt financing for its NBFC subsidiary, Edgro

PJdesk - 17/05/2024 0

Propelld Secures $25M Debt for NBFC Subsidiary Edgro: Propelld, an education-focused lending platform, has secured $25 million in debt financing for its wholly-owned NBFC subsidiary,...

NBFC

LIC Housing Finance Q4 Results: Net profit decreases by 7.5%, amounting to Rs 1,091 crore

PJdesk - 16/05/2024 0

LIC Housing Finance Q4 Results: On Wednesday, mortgage financier LIC Housing Finance reported a 7.5% decline in its net profit, which stood at Rs 1,091...

NBFC

The RBI advises NBFCs to remain vigilant against potential risks at all times.

PJdesk - 16/05/2024 0

RBI's Warning to NBFCs During an interaction on Wednesday, RBI Deputy Governor Swaminathan J urged Non-Banking Financial Companies (NBFCs) to bolster their governance and assurance...

News

Moody’s projects a 6.6% growth rate for the Indian economy in FY25.

PJdesk - 15/05/2024 0

Moody's prediction: Moody’s Ratings on Tuesday projected the Indian economy to grow by 6.6 percent in the current fiscal year. They noted that strong credit...

NBFC

Piramal Enterprises to merge with unlisted housing finance arm, fortifying compliance with listing regulations and optimizing group structure for enhanced efficiency

PJdesk - 11/05/2024 0

Piramal Enterprises will merge with housing finance: According to a report from Moneycontrol, the board of directors of Piramal Enterprises, a diversified non-bank finance...

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NBFC

UGRO CAPITAL reinforces global impact alliance with FMO, securing ~INR 2,600 million in NCDs

Mahindra Finance gets bUY rating from Axis Capital & Motilal Oswal; Target price set at ₹330-₹335

Mahindra Finance’s Q3 FY25 profit increased by 63% YoY to Rs. 899 crore

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

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