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...

NBFC

To address Credit needs of small merchants UGRO capital Limited acquire ‘MyShubhLife’ aims to target 2 lakh retailers

PJdesk - 06/05/2024 0

UGRO Capital Limited credit news: UGRO Capital Limited a leading DataTech NBFC focused on MSME credit, today announced a significant development that underscores its commitment...

NBFC

UGRO Capital limited announces its capital raise of inr 1,322 cr from existing and new institutional investors & marquee family offices

PJdesk - 06/05/2024 0

UGRO Capital Limited, a leading DataTech NBFC focused on MSME lending, today announced that its Board of Directors have approved an equity capital raise...

NBFC

NBFC update:Ugro Capital Limited has reported a significant 133% surge in net profit, alongside announcing a fund raise totaling Rs 1,332 cr.

PJdesk - 05/05/2024 0

NBFC update: Ugro Capital Limited's shares experienced a rise of 1.04 percent, accompanied by a notable increase in trading volume, surpassing 6.87 times the usual....

NBFC

Poonawalla Fincorp achieves its highest-ever profit after tax (PAT) of ₹332 crore in the fourth quarter, driven by robust disbursements.

PJdesk - 03/05/2024 0

Poonawalla Fincorp quarterly results Poonawalla Fincorp recorded its highest-ever quarterly profit of ₹332 crore in Q4 FY24, marking an 84 percent increase year-on-year and a...

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About 92 percent of Indian executives cite security vulnerabilities as the primary obstacle to responsible AI usage: Deloitte report

News PJdesk - 19/12/2024 0

According to the AI at a crossroads: Building trust as the path to scale report by Deloitte Asia Pacific, about 92 percent of Indian executives...

NBFC

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

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

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