Private banks are losing market share across segments, while public sector banks (PSBs) and non-banking finance companies (NBFCs) continue to gain ground, according to a recent report by JM Financial.
For non-banking finance companies (NBFCs), education loans have been the fastest-growing asset class, clocking over 50 per cent growth in the assets under management (AUM) over the past few years.
According to SBI Research, MUDRA has created an indelible print on India's rising micro, small and medium enterprises' (MSME) prowess through relentless promoting by a wide array of MLIs which are scheduled commercial banks (SCBs), non-banking finance companies (NBFCs), regional rural banks
Mumbai (Maharashtra) [India], March 2 (ANI/NewsVoir): IIFL Finance, which is one of India's largest non-banking finance companies (NBFC), has been certified as a 'Great Place To Work' by the Great Place To Work Institute for the fifth time in a row. IIFL Finance which employs over 30,000 peo
NBFCs, where mortgages are spread across a range of lenders from dedicated housing finance companies to consumer finance firms, saw loans a rise of 18.8 per cent to Rs 3.03 lakh crore, the S and P Global Market Intelligence said in a statement on Sunday.
New Delhi [India], August 3 (ANI/PRNewswire): Credgenics, the leading provider of loan collections and debt resolution SaaS-based technology solutions to banks, non-banking finance, and FinTech lenders worldwide, announced today its expansion into Indonesia as part of its next phase of gr
New Delhi [India], June 22 (ANI/PRNewswire): Credgenics, the leading provider of loan collections and debt resolution SaaS-based technology solutions to banks, non-banking finance companies and FinTech lenders worldwide, today announced that the platform is ranked #1 leader in India in Retai
New Delhi [India], February 5 (ANI/PNN): BSE listed, ARC Finance Ltd, an NBFC, Non-Deposit taking Non Banking Finance Company engaged primarily in the business of advancing loans and investing/trading in securities has informed the BSE that its board will meet on February 11, 2022, to consid
Mumbai (Maharashtra) [India], Sep 3 (ANI): India Ratings and Research (Ind-Ra) has changed the outlook to improving from stable for retail non-banking finance companies (NBFCs) and housing finance companies (HFCs) for 2H FY22.
Kochi (Kerala) [India], June 26 (ANI/NewsVoir): Muthoottu Mini Financiers Ltd. (MMFL), one of the leading non-banking finance companies (NBFC) in India today announced its annual financial results. The company has registered a growth of 18 percent for the financial year 2020-21.
Mumbai (Maharashtra) [India], June 17 (ANI): Harmonisation guidelines proposed by the Reserve Bank of India (RBI) for non-banking finance companies and microfinance institutions (NBFCs-MFIs) are need of the hour to address diverse interpretations of regulations by multiple forms of entities,
Mumbai (Maharashtra) [India], June 12 (ANI): A hit to collection efficiency of non-banking finance companies and microfinance institutions (NBFCs-MFIs) owing to protracted Covid-19 curbs will increase asset-quality pressures in the sector, according to Crisil Ratings.