NBFC
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....
Poonawalla Fincorp achieves its highest-ever profit after tax (PAT) of ₹332 crore in the fourth quarter, driven by robust disbursements.
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...
Bajaj Finance celebrates a significant victory as the RBI removes restrictions on eCOM and Insta EMI card loans.
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 news update:The Reserve Bank of India wields its power, revoking the Certificate of Registration (CoR) granted to an NBFC over irregular lending practices.
NBFC news update:
The Reserve Bank has cancelled the Certificate of Registration (CoR) issued to Non-Banking Financial Company (NBFC) due to irregular lending practicesActLoan, AgMoney,...
FDI reform 2.0 heralds discussions on catalytic reforms in banking, defense, and insurance sectors
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...
IIFL Samasta Finance appoints three new members to its Board.
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...
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