Search For "non banking"
PFC raises $750 million through dollar-denominated bonds
Updated : 6 years, 1 month ago IST
New Delhi [India], Jan 17 (ANI): Power Finance Corporation Ltd (PFC), a leading non-banking finance company (NBFC) in power sector, has said that it has raised $750 million through dollar-denominated bonds.
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Slowdown to compress incremental credit growth in FY20: ICRA
Updated : 6 years, 2 months ago IST
New Delhi [India], Dec 30 (ANI): Muted economic growth, lower working capital requirements and risk aversion among lenders have compressed the incremental credit growth in current financial year (April 2019 to March 2020), according to investment information agency ICRA.
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Sitharaman holds pre-Budget consultations on digital economy, financial se
Updated : 6 years, 2 months ago IST
New Delhi [India], Dec 16 (ANI): Finance Minister Nirmala Sitharaman on Monday started her pre-Budget consultations with different stakeholder groups, the first one being with those from the digital economy, fintech and start-ups and the second with those from the financial sector and cap
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Economic reforms showing impact, says govt giving a recap of steps taken
Updated : 6 years, 3 months ago IST
New Delhi [India], Dec 13 (ANI): Finance Minister Nirmala Sitharaman said on Friday the government has taken concrete measures to implement a planned economic strategy for achieving the five trillion dollar GDP goal by 2024.
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Arman financial reports a 100% increase in H1 FY20 profit after tax at Rs
Updated : 6 years, 3 months ago IST
Ahmedabad (Gujarat) [India], Dec 13 (ANI/PRNewswire): Arman Financial Services Ltd (Arman), a Gujarat based non-banking financial company (NBFC), with interests in microfinance, two-wheelers, and micro-enterprise (MSME) loans, announced its financial results for the second quarter ended S
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Poonawalla Finance crosses INR 1000 crore AUM
Updated : 6 years, 3 months ago IST
Pune (Maharashtra) [India] Dec 12 (ANI/BusinessWire India): Poonawalla Finance Private Limited, a fastest-growing Non-Banking Finance Company (NBFC), headquartered in Pune, has achieved a major milestone by crossing INR 1000 Crore AUM in November 2019; within eight months from its inception.
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HDFC to buy out arm Credila Financial Services for Rs 395 crore
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 10 (ANI): Housing Development Finance Corporation (HDFC) will acquire about 1.15 crore shares of HDFC Credila Financial Services for a total consideration up to Rs 395 crore, increasing its stake from 90.88 per cent to 100 per cent.
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Rs 4.91 lakh crore disbursed by PSBs in Oct and Nov
Updated : 6 years, 3 months ago IST
New Delhi [India], Dec 3 (ANI): Public sector banks (PSBs) disbursed Rs 2.39 lakh crore to micro, small and medium enterprises (MSMEs), non-banking finance companies (NBFCs), corporates, retail and agriculture sector borrowers in November, raising the total disbursement since the launch of t
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IFC to anchor $200 million investment in Mahindra Finance to boost MSME le
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 2 (ANI): International Finance Corporation (IFC), part of the World Bank Group, has anchored an investment round of 200 million dollars (about Rs 1,430 crore) in Mahindra & Mahindra Financial Services Ltd to create a dedicated pool of financing for micro, sm
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RBI files application for bankruptcy proceedings against DHFL
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Nov 30 (ANI): The Reserve Bank of India (RBI) has filed an application to initiate insolvency proceedings against mortgage lender Dewan Housing Finance Ltd (DHFL).
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Muthoot Finance to acquire IDBI Mutual Fund for Rs 215 crore
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Nov 22 (ANI): Muthoot Finance Ltd, the largest gold loan non-banking finance company in the country, on Friday entered into a definitive agreement to acquire IDBI Asset Management Ltd and IDBI Mutual Fund Trustee Company Ltd, paving way for its entry into mutual
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New LCR framework to strengthen NBFCs' liability profile: Ind-Ra
Updated : 6 years, 3 months ago IST
Mumbai (Maharashtra) [India], Nov 21 (ANI): New guidelines on liquidity risk management (LCR) announced by the Reserve Bank of India (RBI) for non-banking finance companies (NBFCs) including core investment companies (CICs) will increase discipline in liquidity maintenance and improve transp
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