Mumbai (Maharashtra) [India], October 22: L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in India has recorded the highest ever Profit After Tax (PAT) of Rs. 735 Crore, up 5% Quarter-on-Quarter (QoQ) and 6% Year-on-Year (YoY) for the second quarter ended S
Mumbai (Maharashtra) [India], October 17: In a significant development for India's banking sector, Central Bank of India (CBI) has successfully completed the first fully digital supply chain finance transaction on the PSB Xchange platform offered by PSB Alliance, a unified multi-lender platf
Mumbai (Maharashtra) [India], October 8: 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, is pleased to launch 'Pitch Point,' a competition for AI startups ahead of RAISE' 25, India's premier Ar
The Reserve Bank of India's (RBI) October policy measures are major relief to India's non-banking financial companies (NBFCs) according to a Morgan Stanley report.
India's financial system is undergoing a major shift as the ways in which borrowers raise funds have expanded far beyond traditional bank loans. According to a Bank of Baroda press release, total resources raised in the economy have more than doubled in the last five years, reflecting the ch
Mumbai (Maharashtra) [India], September 19: L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in the country, has announced attractive loan offers for its Two-wheeler Finance customers. The Company has introduced three new offerings, namely, No Cost EMI, Prom
New Delhi [India], September 10: Collect CoLabs - a Spocto X initiative hosted its sixth edition in partnership with Fintech Association for Consumer Empowerment (FACE). Being India's most exclusive forum for collection leaders, it brought together over 20 senior leaders from banks, NBFCs, f
Indian banks incremental credit to grow by Rs 19 trillion to 20.5 trillion, translating into a year-on-year growth of 10.4-11.3 per cent according to a report by rating agency ICRA.
The report highlighted that the transformation in lending trends has evolved over several phases in the last two decades, with both banks and non-banking financial companies (NBFCs) playing a significant role.
Mumbai (Maharashtra) [India], August 26: 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 forged a partnership with Google Pay to offer Personal Loan products to its eligible user
Pune (Maharashtra) [India], August 20: In India, the period from August to November is considered auspicious because of the various festivals celebrated during this time, including Ganesh Chaturthi and Diwali. These festivals are believed to bring happiness and prosperity. This positive sent
Bengaluru (Karnataka) [India], August 13: Perfios.ai, India's leading B2B SaaS TechFin, has unveiled CAM AI, an AI-powered credit underwriting platform that is transforming lending operations across banks and NBFCs globally. Tailored for complex credit assessment, CAM AI reduces underwriting