Santander's Zinia now provides consumer finance services for Apple in Germany Santander today announced that Zinia, its digital consumer finance platform, will become the new...

NBFC

The RBI is closely monitoring data related to unsecured retail loans.

PJdesk - 08/06/2024 0

The RBI news update RBI raised concerns about the rapid growth in unsecured retail loans and the over-reliance of NBFCs on bank funding, Governor Shaktikanta...

NBFC

Bajaj Housing Finance Board Greenlights IPO Proposal to Raise ₹4,000 Crore

PJdesk - 07/06/2024 0

Bajaj Housing Finance Bajaj Housing Finance announced that its board has approved an initial public offering (IPO) plan to raise ₹4,000 crore through a fresh...

NBFC

JPMorgan CEO Jamie Dimon Reportedly in Line for Knighthood in the U.K. Through Rishi Sunak’s Honors Nominations

PJdesk - 07/06/2024 0

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...

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NBFC

MMFSL reported a 33% year-on-year growth in Profit After Tax (PAT) for FY25

Tyger Capital and Credgenics join hands to redefine collections management with innovative tech solutions

Vibhor Steel Tubes’ ₹119.83 Crore Greenfield Odisha Plant Starts Trial Production

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

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