NBFC
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...
Bajaj Finance reports a 21% increase in net profit to 3,824 crore for Q4, with revenue climbing by 31%.
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...
Mahindra Finance experiences a 5% decline as the company postpones its earnings meeting due to the discovery of a Rs 150 crore fraud
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...
India’s net direct tax collection stands at Rs 19.58 lakh crore, surpassing revised estimates by Rs 13,000 crore
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...
HDFC Asset Management Company’s Q4 outcomes show a rise in net profit to ₹541 crore, with the announcement of a dividend
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...
Manappuram Finance plans to secure funds of up to $500 million through external commercial borrowing.
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...
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Carlyle to invest ₹2,100 Cr in Edelweiss’ Nido Home Finance
Edelweiss Financial Services Limited (Edelweiss) and global investment firm The Carlyle Group (NASDAQ: CG) today announced that investment funds affiliated with Carlyle will acquire...