Search For "nbfc"
RBI grants payment extension to select MSMEs
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 7 (ANI): In a bid to relieve Micro, Small and Medium Enterprises (MSMEs) of payment-related woes, the Reserve Bank of India (RBI) on Wednesday announced that select companies would be provided additional time to repay loans.
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Indian Rail Fin Corp can now raise additional debt
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 7 (ANI): Indian Railway Finance Corporation (IRFC) can now raise additional debt of more than Rs 63,000 crore rupees, following the government exemption from the ambit of an Indian Accounting Standard, pertaining to deferred tax liability.
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Aviom India raises Rs. 15 cr towards pan-India expansion
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 6 (ANI): Delhi-based Aviom India Housing Finance raised Rs. 15 crore through a primary infusion from Insitor Impact Asia Fund in its Series A round of funding to increase its branch network and operations in Tier II and Tier III towns in existing states and subsequentl
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IBC mechanism being used to resolve NPA Problem: Economic Survey
Updated : 8 years, 1 month ago IST
New Delhi [India], January 29 (ANI): The International Bank of Commerce (IBC) mechanism is being used to resolve the Non-Performing Asset (NPA) problem in the country, as per the Economic Survey 2017-18.
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Fintech platforms to consider for hassle-free borrowing
Updated : 8 years, 1 month ago IST
New Delhi [India], Jan 27 (ANI): Financial technology platforms these days are helping to fill the credit gap in the economy. Different types of digital lending models are processing loan applications based on information such as psychometric analysis, social profiles, credit score, and have
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Prodigee Finance granted NBFC-ND license from RBI
Updated : 8 years, 1 month ago IST
Bhopal (Madhya Pradesh) [India], Jan 24 (ANI-NewsVoir): It's quite understandable that the rules and regulations of the Reserve Bank of India make it a challenge for a new financial company to be able to offer loans. The good news, with hard work and the right kind of support it is possible
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Payworld disburses Rs. 10 crore loans to SMEs in three months
Updated : 8 years, 1 month ago IST
New Delhi [India], Jan 19 (ANI): Among India's largest assisted wallet Payworld on Friday announced disbursing loans of Rs. 10 crores to the Micro and Small enterprises (SME), within three months of partnership with Non-Banking Financial Companies (NBFC) and digital lending platforms like Ca
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MobiKwik hires RBL'S senior VP as chief risk officer
Updated : 8 years, 1 month ago IST
Mumbai (Maharashtra) [India], Jan 18 (ANI): Issuer-independent digital financial services platform MobiKwik on Thursday announced the appointment of Puneet Agarwal as the chief risk officer.
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Just one click is all it takes to get hassle-free online loans
Updated : 8 years, 1 month ago IST
New Delhi [India], Jan 14 (ANI): In the contemporary times, it is not a tough task to get through the loan procedure. With new age lending players simplifying the age-old complex process and offering simpler products, one can get his or her credit score online within a few minutes.
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Tech-based approach can help NBFCs meet credit demand: Study
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 7 (ANI): Amid increasing pressure on the banking system due to bad loans and NPAs, an ASSOCHAM-PwC joint study noted that in order to meet credit demand, non-banking financial companies (NBFCs) in India could explore investments in newer technology, particularly in the
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Faircent raises Rs. 25 cr in Series B funding
Updated : 8 years, 2 months ago IST
Gurugram (Haryana) [India], Dec 20 (ANI): India's largest P2P lending company Faircent on Wednesday announced raising of Rs. 25 crore in a high-profile funding round.
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AU Small Finance Bank joins hands with Sahaj e-Village
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 19 (ANI): AU Small Finance Bank has announced signing an MoU with Sahaj e-Village for extending its banking service in remote areas through Business Correspondent Agent (BC) model.
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