Thiruvananthapuram (Kerala) [India], January 27: UST, a leading AI and digital transformation solutions company, has secured a ₹500+ crore digital transformation deal with Muthoot FinCorp Ltd. and other group companies under the Muthoot Pappachan Group (Muthoot Blue). This six-year deal, ext
Mumbai (Maharashtra) [India], January 22: UGRO Capital Ltd., a leading DataTech NBFC focused on MSME lending, has released the 4th edition of the MSME Sampark Report, prepared in collaboration with Dun & Bradstreet. The report features findings drawn from an analysis of over 73,000 MSMEs acr
Mumbai (Maharashtra) [India], January 20: L&T Finance Ltd., formerly known as L&T Finance Holdings Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in India, has recorded its highest ever core Profit After Tax (PAT) of Rs. 760 Crore (before one-time impact of New Labour
Mumbai (Maharashtra) [India], January 15: Muthoot Microfin Limited (NSE: MUTHOOTMF, BSE: 544055), among India's leading Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), has secured two prestigious national awards at the Inclusive Finance India Awards 2025, presented at the
Mumbai (Maharashtra) [India], January 15: Kotak Mahindra Bank marked 30 years of being listed on the National Stock Exchange with a bell-ringing ceremony that celebrated the Bank's journey alongside India's rise as a strong, trusted and modern financial market. What began as a small NBFC in
Asset under management (AUM) growth for non-banking financial companies (NBFCs) is expected to remain resilient in the third quarter of FY26, led primarily by strong performance in the auto finance segment, while affordable housing finance may see relatively weaker disbursement trends, highl
Loan growth remained robust across the system, with private banks reporting year-on-year growth of about 11% and state-owned banks posting over 12% growth. NBFCs also continued to see healthy expansion in assets under management, the report said.
The Delhi High Court on Wednesday issued notice on a Public Interest Litigation (PIL) seeking coercive action against Regulated Entities (REs), Non-Banking Financial Companies (NBFCs) and Lending Service Providers (LSPs operating digital lending applications), allegedly found to be in bre
Mumbai (Maharashtra) [India], December 31: L&T Finance Ltd. (LTF), formerly known as L&T Finance Holdings Limited, one of the leading Non-Banking Financial Companies (NBFCs) in the country, has announced the launch of 'Sachet with Sachet,' a cyber safety initiative to empower users with the
In contrast, banks took a more calibrated approach. While private banks recorded virtually no IPO fundraising in CY25, PSU banks emerged as dominant players in the Qualified Institutional Placement (QIP) market.
Mumbai (Maharashtra) [India], December 19: Mahindra Finance (Mahindra Finance), one of India's leading non-banking financial companies (NBFCs), in partnership with Impact Guru Foundation (IGF), has strengthened its flagship CSR initiative, Dhan Samvaad, to create meaningful change across com
The fundraise saw strong interest exceeding the NCD issuance, from a diversified group of marquee investors, including large Non-Banking Financial Companies (NBFCs), Foreign Portfolio Investors (FPIs) and Alternative Investment Funds (AIFs).