Search For "nbfc"
RBI's red flag on non-bank lenders raises volatility, Fitch says
Updated : 1 year, 10 months ago IST
The RBI recently clarified that NBFIs should comply with existing regulatory caps on disbursal of loans in cash to below Rs 20,000 (around USD 240). This compares to a higher Rs 200,000 cap on general cash transactions for individuals, which some lenders, the rating agency said, had adopted
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Hot MSME Growth: Top Undervalued Pick in NBFCs
Updated : 1 year, 10 months ago IST
New Delhi [India], May 16: UGRO Capital, a standout player in India's financial landscape, presents a compelling investment opportunity with its unique focus on empowering small and medium-sized enterprises (SMEs). The company's innovative approach, robust financial performance, and strategi
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Moody's expects India to grow 6.6% in 2024-25 fiscal
Updated : 1 year, 10 months ago IST
The Indian economy is expected to grow at 6.6 per cent in the current financial year 2024-25, fuelled by strong credit demand that will support the NBFC sector's profitability, Moody's Ratings said.
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Siguler Guff Builds 240 Crore Stake in Spandana Sphoorty, a Leading Microf
Updated : 1 year, 10 months ago IST
Mumbai (Maharashtra) [India], May 6: Siguler Guff & Company, LP ("Siguler Guff" or the "Firm), a global multi-strategy private markets investment firm with over USD 16 billion in assets under management, announced today that it has invested Rs 240 crores, for an approximate 3.5 per cent
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UGRO Capital Limited embraces Embedded Financing for credit need of small
Updated : 1 year, 10 months ago IST
Mumbai (Maharashtra) [India], May 6: UGRO Capital Limited (NSE: UGROCAP) (BSE: 511742), a leading DataTech NBFC focused on MSME lending, today announced a significant development that underscores its commitment to growth, innovation, and delivering value to stakeholders. UGRO Capital's Board
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UGRO Capital Limited announces its capital raise of Rs 1,332.66 cr from ex
Updated : 1 year, 10 months ago IST
Mumbai (Maharashtra) [India], May 3: UGRO Capital Limited (NSE: UGROCAP) (BSE: 511742), a leading DataTech NBFC focused on MSME lending, today announced that its Board of Directors have approved an equity capital raise of INR 1,332.66 Cr through Compulsory Convertible Debentures (CCD) and Wa
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Piramal Finance Introduces Quick and Easy Access to Free Credit Report
Updated : 1 year, 10 months ago IST
Mumbai (Maharashtra) [India], May 2: Piramal Capital & Housing Finance Ltd., herein referred to as Piramal Finance, has announced a new initiative that lets people access their credit reports for free in just minutes. With this new service, customers can conveniently check their credit s
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IndoStar FY'24 Result: 49% Growth in Focus Retail AUM and 267 Bps improvem
Updated : 1 year, 10 months ago IST
Mumbai (Maharastra) [India], April 30: IndoStar is a non-banking finance company (NBFC) registered with the Reserve Bank of India classified as a Middle layered NBFC, announced the audited financial results for the quarter and year ended March 31, 2024, earlier today.
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Poonawalla Fincorp Reports Highest Ever Yearly PAT of Rs. 1027 Crore in FY
Updated : 1 year, 10 months ago IST
Pune (Maharashtra) [India], April 30: The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC focusing on consumer and MSME finance, today announced its audited financial results for the quarter and year ended March 31, 2024.
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Former NABARD Chairman Dr. Govinda Rajulu Chintala Joins IIFL Samasta Fina
Updated : 1 year, 10 months ago IST
Mumbai (Maharashtra) [India], April 26: IIFL Samasta Finance, which is one of India's largest non-banking microfinance companies (NBFC-MFI), today said that Former Chairman of NABARD, Dr. Govinda Rajulu Chintala has joined as independent director and Chairman of the Board at IIFL Samasta Fin
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REC to extend term loan of Rs 1,869 cr for Kiru Hydro Electric Project in
Updated : 1 year, 10 months ago IST
REC Limited, a Maharatna Central Public Sector Enterprise and an NBFC under the Ministry of Power has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL), under which REC will provide CVPPL with the financial assistance of Rs 1,869.265 crores as term loan.
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Klub teams up with U GRO Capital to aid INR 150 crores funding to bridge t
Updated : 1 year, 11 months ago IST
Bangalore (Karnataka) [India], April 18: Klub, Asia's leading Revenue based Financing platform, today announced that it has partnered with U GRO Capital, a leading DataTech NBFC focused on MSME lending, to disburse INR 150 crores aimed at bridging the credit gap for Micro, Small, and Medium
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