Search For "nbfc"
"India's domestic financial system is now in a much stronger position": RB
Updated : 1 year, 8 months ago IST
Das said, "India's domestic financial system is now in a much stronger position than it was before we entered the period of the COVID crisis. Indian financial system is now in a much stronger position, characterized by robust capital adequacy, low levels of non-performing assets, and healthy
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UGRO Capital completes equity capital raise
Updated : 1 year, 8 months ago IST
Mumbai (Maharashtra) [India], June 19: UGRO Capital Limited (NSE: UGROCAP) (BSE: 511742), a leading DataTech NBFC focused on MSME lending, today announced the successful completion of its equity capital raise and the allotment of Compulsory Convertible Debentures (CCD) and warrants worth INR
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Akme fintrade Ltd. India Ltd. IPO ( Aasaan Loans IPO) opens on 19 th June,
Updated : 1 year, 9 months ago IST
New Delhi [India], June 17: Akme Fintrade (India) Limited is a RBI registered, leading Non-Banking Finance Company (NBFC) established in 1996. The IPO opens on 19 th June 2024 and closes 21st June 2024. It is a fresh issue of 11, 00,000 shares. Book Built issue aggregating up to 132 cr.
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India's non-banking financial sector grew by 10%; declined globally by 3 %
Updated : 1 year, 9 months ago IST
India's non-banking financial sector registered a growth of 10 per cent however globally the sector declined by 3 per cent, highlights a report by SBI.
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RBI's special audit over, IIFL Finance appoints team to implement correcti
Updated : 1 year, 9 months ago IST
IIFL Finance, which caught the eyes of the Reserve Bank of India (RBI) for the significant irregularities in its gold loan portfolio, said it has taken necessary measures to address the identified concerns and prevent their recurrence.
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Learn Expert Tips to Negotiate a Better Personal Loan Deal, Improve Your C
Updated : 1 year, 9 months ago IST
New Delhi [India], June 12: Acquiring better terms on a personal loan could impact economic well-being significantly. The digital era has seen a rise in the popularity of personal loan apps as means of accessing financial services. These applications are provided by various banks and NBFCs i
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RBI says India's banking sector is sound and resilient, Gross NPA is below
Updated : 1 year, 9 months ago IST
India's banking system is robust and the gross NPA (Non-Performing Assets) of the schedule commercial banks and NBFCs are below 3 per cent highlighted RBI (Reserve Bank of India) Governor Shaktikanta Das during the Monetary policy announcement on Friday.
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Poonawalla Fincorp Achieves Significant Milestone of GNPA Below 1 per cent
Updated : 1 year, 9 months ago IST
Pune (Maharashtra) [India], June 3: Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC focusing on consumer and MSME finance, has achieved a significant milestone of Gross NPA below 1 per cent and Net NPA below 0.5 per cent as on 31st May 2024. It continued to regis
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PFRDA acknowledges NPS distribution channels' contribution to subscriber e
Updated : 1 year, 9 months ago IST
According to a press release, the gathering also served as a platform to recognize the achievements of POPs during FY 2023-24 in subscriber enrolment initiatives.
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Bonus Earned, Future Secured: Invest in Fixed Deposits for Smart Savings o
Updated : 1 year, 9 months ago IST
Pune (Maharashtra) [India], May 20: Bajaj Markets, a leading digital financial marketplace, offers a diverse range of investment instruments, including Fixed Deposits (FD), through partnerships with several banks and NBFCs. These FDs present an ideal opportunity to start saving, secure one's
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Shriram Unnati Fixed Deposit: Explore the Unique Features Tailored for You
Updated : 1 year, 10 months ago IST
Mumbai (Maharashtra) [India], May 17: Shriram Finance, a pioneering name in the NBFC space, is proud to unveil the distinctive features of its Fixed Deposit Schemes, setting a new standard in investment opportunities. With an unwavering commitment to customer satisfaction and financial excel
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RBI warns NBFCs: Avoid algorithm-based credit
Updated : 1 year, 10 months ago IST
Addressing a conference of heads of assurance of NBFCs held in Mumbai, Swaminathan J, Deputy Governor, RBI said that many NBFCs are increasingly turning to rule-based credit engines to accelerate the growth of their lending portfolios. He added with concern that while automation can enhance
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