Search For "nbfcs"
India's gold loan market set for rapid growth amid rising prices; unorgani
Updated : 1 year, 6 months ago IST
The gold loan market in India is on the cusp of substantial growth, driven by rising per-gram gold rates and increasing customer demand. Currently, the market is predominantly controlled by the unorganized sector, which holds a 63 per cent share, while organized players, including banks and
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TVS Credit Registers a Growth of 20 per cent in AUM in Q1 FY25 Versus Q1 F
Updated : 1 year, 7 months ago IST
Bengaluru (Karnataka) [India], August 14: TVS Credit Services Limited, one of India's leading NBFCs, published its unaudited financial results for the quarter ended June 30, 2024. The Company reported Assets Under Management (AUM) of Rs 26,351 Crore as of Jun'24, an increase of Rs 4,427 C
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Declining bank deposits raise concerns about NBFC's fund raising capacity:
Updated : 1 year, 7 months ago IST
Amid the concerns of declining deposits at banks, CareEdge Ratings anticipated that the credit-deposit ratios may pose a concern to the Non-Banking Financial Companies (NBFCs).
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Finance Minister introduces Banking Laws (Amendment) Bill in Lok Sabha
Updated : 1 year, 7 months ago IST
The bill provides for amending the Reserve Bank of India Act, 1934, Banking Regulation Act 1949, State Bank of India Act, 1955, Banking Companies (Acquisition and Transfer of Undertakings) Act 1970, and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.
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Leading NBFC Muthoot Capital Bags Rs.100 Crore Impact Funding for Electric
Updated : 1 year, 7 months ago IST
Kochi (Kerala) [India], August 5: Muthoot Capital Services Limited (MCSL), one of India's fastest-growing NBFCs and a publicly traded entity of 137-year-old business conglomerate Muthoot Pappachan Group announces its partnership with UK-based Development Financial Institution for raising lon
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L&T Finance Ltd. is Now Great Place To Work Certified
Updated : 1 year, 7 months ago IST
Mumbai (Maharashtra) [India], July 23: L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in the country, has been Great Place To Work® Certified™ in India.
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Only 10 banks/NBFCs had disruptions due to Microsoft outage: RBI
Updated : 1 year, 7 months ago IST
The Reserve Bank of India has asserted that its assessment showed that only 10 banks and NBFCs had minor disruptions due to the Microsoft outage. The disruptions reported in those entities have "either been resolved or are being resolved", RBI said in a statement.
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With healthier balance sheets, banks are supporting credit growth: RBI Fin
Updated : 1 year, 8 months ago IST
The global economy is currently facing significant risks stemming from ongoing geopolitical tensions, high levels of public debt, and slow progress in reducing inflation, according to the Reserve Bank of India's (RBI) 29th Financial Stability Report (FSR) released on Thursday.
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"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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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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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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