Search For "non banking"
Bajaj Finance announces closure of QIP totalling Rs 8,500 crore
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Nov 13 (ANI): Bajaj Finance Ltd has raised Rs 8,500 crore by issuing over 2.17 crore equity shares at an issue price of Rs 3,900 per equity share to qualified institutional buyers.
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ECL Finance announces Rs 500 crore public issue of secured redeemable NCDs
Updated : 6 years, 4 months ago IST
Mumbai, (Maharashtra) [India], Nov 4 (ANI): ECL Finance Ltd (ECLF), the non-banking finance company of Edelweiss Group, has announced the public issue of secured redeemable non-convertible debentures (NCDs) of a face value of Rs 1,000 each amounting to Rs 100 crore with an option to retain o
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NBFCs must establish strong governance practices to restore stakeholder co
Updated : 2 years, 4 months ago IST
New Delhi [India], Nov 3 (ANI): While the liquidity condition in market improves for non-banking finance companies (NBFCs), it is imperative for them to establish strong governance and risk management practices to restore investor confidence and reduce overall borrowing costs, according to a
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L&T Finance Holdings Q2 profit falls 69 pc to Rs 174 crore
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Oct 19 (ANI): L&T Finance Holdings (LTFH), a diversified non-banking financial company, has posted nearly 68.92 per cent drop in its net profit at Rs 174 crore for the July to September quarter compared to Rs 559 crore in the same quarter of last year. Read More
India Ratings lowers its FY20 GDP growth forecast to 6.1 pc
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 10 (ANI): India Ratings and Research (Ind-Ra) on Thursday revised its forecast of India's gross domestic product (GDP) growth in current financial year downward to 6.1 per cent following the Central Statistical Organisation (CSO) estimating Q1 growth to be 5 per cent,
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NBFC Paisalo Digital signs co-origination loan pact with Bank of Baroda
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 3 (ANI): Non-banking finance company Paisalo Digital said on Thursday that it has signed a co-origination loan agreement with government-owned Bank of Baroda to empower farmers, MSME segment and small businesses.
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Tax cuts may bolster growth eventually but fiscal impact comes sooner: Fit
Updated : 6 years, 5 months ago IST
Hong Kong, Sep 26 (ANI): India's corporate tax cuts support efforts to stimulate investment and GDP growth in the medium term but will cause the fiscal deficit to widen in the near term, Fitch Ratings said on Thursday.
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Banks to hold meetings in 400 districts to boost credit flow: Sitharaman
Updated : 6 years, 5 months ago IST
New Delhi [India], Sept 19 (ANI): Union Finance Minister Nirmala Sitharaman on Thursday said that public sector banks will hold meetings with representatives of Non-Banking Financial Companies (NBFCs) and prospective clients in 400 districts across the country to ensure that more liquidit
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NBFCs and HFCs to face growth headwinds along with continued funding chall
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 9 (ANI): India Ratings and Research (Ind-Ra) on Monday revised its sector outlook on non-banking finance companies (NBFCs) to negative from stable and maintained its negative outlook on large ticket housing finance companies (HFCs).
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ICRA sacks MD & CEO Naresh Takkar over allegations of misconduct
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): ICRA Ltd has ousted its Managing Director and Group Chief Executive Officer Naresh Takkar, nearly three months after the Securities and Exchange Board of India (SEBI) received an anonymous complaint alleging misconduct at the credit rating agency under him.
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Altico Capital Ltd. completely exits from the IT-SEZ project in Hyderabad'
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India] August 21 (ANI/BusinessWire India): Altico Capital India Limited, a Non-Banking Financial Company (NBFC) promoted by Clearwater Capital, Abu Dhabi Investment Council and Varde Partners headquartered in Mumbai, India, today announced their complete exit from realt
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Centre removes DRR requirement for listed companies, HFCs, NBFCs
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 19 (ANI): The Ministry of Corporate Affairs on Monday amended the Companies Share Capital and Debentures Rule by removing debenture redemption reserve (DRR) requirement for listed companies, Housing Finance Companies (HFCs) and Non-Banking Finance Companies (NBFCs).
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