NBFC
Jio Financial intends to engage in a Rs 36,000 crore agreement with Reliance Retail
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...
Hero FinCorp Hit with ₹3.1 Lakh Penalty by RBI for Non-Compliance with unfair Practices.
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...
Varthana secures €3 million in funding
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...
Gold loan NBFCs remain unaffected by the cash disbursal cap, but analysts anticipate an increase in operating expenses.
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...
Propelld secures $25 million in debt financing for its NBFC subsidiary, Edgro
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,...
LIC Housing Finance Q4 Results: Net profit decreases by 7.5%, amounting to Rs 1,091 crore
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...
The RBI advises NBFCs to remain vigilant against potential risks at all times.
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...
Moody’s projects a 6.6% growth rate for the Indian economy in FY25.
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...
Piramal Enterprises to merge with unlisted housing finance arm, fortifying compliance with listing regulations and optimizing group structure for enhanced efficiency
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...
To address Credit needs of small merchants UGRO capital Limited acquire ‘MyShubhLife’ aims to target 2 lakh retailers
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...
UGRO Capital limited announces its capital raise of inr 1,322 cr from existing and new institutional investors & marquee family offices
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 update:Ugro Capital Limited has reported a significant 133% surge in net profit, alongside announcing a fund raise totaling Rs 1,332 cr.
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....
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HDB Financial Services Q3 FY26 result: Strong growth & prudent provisioning drive profits Up 36%, PAT soars to ₹644 crore
AUM Crosses ₹1.14 Lakh Crore Mark as Pre-Provisioning Operating Profit Jumps 23.2%; Company Fortifies Balance Sheet with Labour Code & NPA Provisions
Leading financial services...
Global business challenged by rapid emergence of a new age of competition
Global business leaders are facing mounting risks, as deepening geopolitical divides, along with growing technological and societal challenges, are expected to continue to shape...
The Great Silver Squeeze: Demand, Fear, and a Price Reckoning
Consider, for a moment, the quiet metal that has long moved in the shadows of its more illustrious cousin, gold. Today, that metal—silver—is stepping...
UK – Low financial confidence is ‘locking the door’ on British entrepreneurial ambition
A critical chasm in financial confidence is preventing Britain’s small businesses from growing or even starting up at all, according to Xero’s newly formed...