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...

NBFC

Mahindra Finance experiences a 5% decline as the company postpones its earnings meeting due to the discovery of a Rs 150 crore fraud

PJdesk - 23/04/2024 0

Mahindra Finance Mahindra Financial Services saw its stock price tumble by over 7% in early trading on Tuesday and bounce back to 5% negative following...

NBFC

India’s net direct tax collection stands at Rs 19.58 lakh crore, surpassing revised estimates by Rs 13,000 crore

PJdesk - 21/04/2024 0

Net Direct Tax India's net direct tax collections for the fiscal year ending March 2024 experienced a robust increase of 17.7 percent year-on-year, reaching Rs...

NBFC

HDFC Asset Management Company’s Q4 outcomes show a rise in net profit to ₹541 crore, with the announcement of a dividend

PJdesk - 20/04/2024 0

HDFC asset management In the fourth quarter, HDFC Asset Management Company (AMC) revealed a 43.8% increase in its standalone net profit to ₹541 crore. The...

NBFC

Manappuram Finance plans to secure funds of up to $500 million through external commercial borrowing.

PJdesk - 20/04/2024 0

Manappuram Finance On Friday, gold loan provider Manappuram Finance announced that its board has sanctioned the raising of up to $500 million (approximately Rs 4,100...

NBFC

Tata has requested approval from the Reserve Bank of India (RBI) to bypass the requirement of listing its Non-Banking Financial Company (NBFC)

PJdesk - 20/04/2024 0

The TATA sons NBFC news update: The Tata Group has petitioned the Reserve Bank of India (RBI) for an exemption to forego the obligation of...

News

The IMF has increased its GDP growth forecast for India in FY25 by 30 basis points to 6.8%.

PJdesk - 16/04/2024 0

IMF on Indian GDP The International Monetary Fund has revised its projection for India's GDP growth in the fiscal year 2025 (FY25). The organization raised...

NBFC

Jio Financial and BlackRock’s joint venture is set to introduce services in wealth management and broking

PJdesk - 16/04/2024 0

Jio Financial and BlackRock deal: On April 15, Jio Financial Services declared that it has initiated a partnership with BlackRock, a US-based company, to delve...

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

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