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...

NBFC

Bajaj Finance celebrates a significant victory as the RBI removes restrictions on eCOM and Insta EMI card loans.

PJdesk - 02/05/2024 0

Bajaj Finance news update: On Thursday (May 2), Bajaj Finance, a non-banking financial company, announced that the Reserve Bank of India (RBI) has removed the...

NBFC

NBFC news update:The Reserve Bank of India wields its power, revoking the Certificate of Registration (CoR) granted to an NBFC over irregular lending practices.

PJdesk - 01/05/2024 0

NBFC news update: The Reserve Bank has cancelled the Certificate of Registration (CoR) issued to Non-Banking Financial Company (NBFC) due to irregular lending practices ActLoan, AgMoney,...

NBFC

FDI reform 2.0 heralds discussions on catalytic reforms in banking, defense, and insurance sectors

PJdesk - 28/04/2024 0

FDI reform 2.0 In a significant stride towards enhancing economic growth and attracting foreign investment, discussions are underway concerning FDI reform 2.0, with a particular...

NBFC

IIFL Samasta Finance appoints three new members to its Board.

PJdesk - 27/04/2024 0

IIfl-samasta announcement: IIFL Samasta Finance, among India’s leading non-banking microfinance companies (NBFC-MFI), has revealed the addition of three individuals to its Board of Directors. This strategic...

NBFC

Bajaj Finance reports a 21% increase in net profit to 3,824 crore for Q4, with revenue climbing by 31%.

PJdesk - 26/04/2024 0

Bajaj Finance Q4 FY23 result update: Bajaj Finance Limited, a Non-banking Financial Company (NBFC), revealed a consolidated net profit of Rs 3,824.53 crore for the...

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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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