Search For "nbfc"
Police arrest key accused who duped NBFCs of Rs 20 cr with forged document
Updated : 1 year ago IST
Delhi Police has arrested key accused involved in Rs 20 crore scam by forging and fabricating documents to cheat Non-Banking Financial Companies (NBFCs), police said.
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Financial institutions must invest in digital infrastructure to stay compe
Updated : 1 year ago IST
Financial institutions must invest in digital infrastructure and adopt a data-driven, customer-centric approach to remain competitive in the evolving financial landscape, said M. Rajeshwar Rao, Deputy Governor of the Reserve Bank of India (RBI).
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Banking sector to witness subdued PAT growth of 6% in FY25, 4% in FY26: Re
Updated : 1 year ago IST
India's banking sector saw a mixed performance in the third quarter, with net interest income (NII) growing 6 per cent year-on-year (YoY), core pre-provision operating profit (PPOP) rising 13 per cent, and adjusted profit after tax (PAT) increasing by 7 per cent. While earnings expectations
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Monedo Financial Services on a Mission to Drive Inclusion, Diversity and E
Updated : 1 year ago IST
Mumbai (Maharashtra) [India], February 17: Monedo Financial Services Private Limited, one of India's fastest-growing Non-Banking Financial Companies (NBFCs), is redefining financial empowerment through innovation, ethics, and best-in-class customer service. With a strong focus on women-led l
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RBI asks NBFCs to become part of Unified Lending Interface for better fina
Updated : 1 year ago IST
Sanjay Malhotra, Governor, of the Reserve Bank of India (RBI) on Thursday asked Non-Banking Financial Companies (NBFCs) across all layers to become part of the Unified Lending Interface (ULI) being put in place by the Reserve Bank.
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More accommodative stance for NBFCs, banks needed in RBI monetary policy:
Updated : 1 year, 1 month ago IST
The upcoming monetary policy announcement by the Reserve Bank of India (RBI) is expected to provide clarity on crucial aspects that will shape the financial services sector, according to a report by HSBC.
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FinBox launches Partnership Lending Stack 2.0 at Bharat Fintech Summit 202
Updated : 1 year, 1 month ago IST
Mumbai (Maharashtra) [India], February 5: FinBox, a leading credit infrastructure and risk intelligence platform has announced the launch of its Partnership Lending Stack 2.0 (PL Stack 2.0) at the Bharat Fintech Summit, 2025. This comprehensive vendor journey solution for lenders will enabl
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Aye Finance partners with Credgenics for digital transformation in debt co
Updated : 1 year, 1 month ago IST
New Delhi [India], February 5: Aye Finance, one of the leading NBFCs providing business loans to the largely underserved micro-scale enterprises in India has joined hands with Credgenics, an AI-powered platform for debt collections and resolutions. This engagement will digitally transform Ay
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L&T Finance Ltd. Launches Knowledgeable AI (KAI), an AI-powered Virtua
Updated : 1 year, 1 month ago IST
Mumbai (Maharashtra) [India], February 1: L&T Finance Limited (LTF), a leading Non-Banking Financial Company (NBFC), is transforming the home loan experience with the launch of Knowledgeable AI (KAI), an AI-powered virtual advisor, on its newly redesigned corporate website (www.ltfinance
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Finance minister to meet NBFCs on March 8 to discuss key issues and greate
Updated : 1 year, 1 month ago IST
The Ministry of Finance on Friday stated that a full-day conclave for Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) will be held on March 8, 2025, in New Delhi.
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Microenterprises seek faster loans, simpler rules, and higher GST exemptio
Updated : 1 year, 1 month ago IST
Lakshmi Venkatesan Venkataraman, Founding and Managing Trustee, Bharatiya Yuva Shakti Trust, said, "One of the key concerns for microentrepreneurs is access to timely and adequate credit. While fintech firms and NBFCs process loans in a few days, banks still take 2-3 months, causing delays."
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121 Finance becomes the 1st Lender on GeM Sahay 2.0 Built on OCEN Framewor
Updated : 1 year, 1 month ago IST
New Delhi [India], January 27: 121 Finance, an RBI-registered NBFC-Factor, partnered with GeM (Government-e-Marketplace), an initiative of the Ministry of Commerce and Industry, alongside Perfios and Tata Consultancy Services to bring live the new enhanced version of GeM Sahay.
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