MUMBAI: Large non-banking finance companies (NBFCs) have urged the central bank to allow them to raise deposits from retail investors-a move they say would create a level playing…
Read more Top NBFCs seek RBI nod to raise retail depositsTwo leading NBFCs -Bajaj Finance and Shriram Finance -have hiked rates on term deposits following a slew of deposit rate hikes by banks in Q4 FY24. While traditionally…
Read more Bajaj Finance, Shriram Finance follow banks, hike FD ratesA fortnight after RBI cautioned banks against unprecedented growth in unsecured retail loans and asked them to grow “sensibly”, large banks and NBFCs have flagged increased risks and…
Read more Lenders flag rising delinquencies in small ticket unsecured retail loans post RBI cautionNon-banking financial companies (NBFCs) maintained their growth momentum in Q1 FY24 led by strong demand for retail, especially unsecured, loans and a pick-up in the rural and semi-urban…
Read more NBFCs maintain growth in Q1, wary of rising unsecured retail leverageBajaj Finance is looking to spin off its payments vertical as a separate subsidiary, while in the next 3-5 years it is also expecting to meaningfully scale up…
Read more Bajaj Finance may spin off its payments business into separate subsidiaryBajaj Finance posted a net profit of ₹2,837 crore for Q4 FY23, up 25 per cent YoY led by strong growth in net interest income (NII) to Rs…
Read more Bajaj Finance Q4 PAT up 25% on strong AUM, NII growthThe BSE Sensex gained 652.70 points, or 1.1 per cent, at 59,959.85 during the week ended October 28, 2022, while the Nifty inclined 210.5 points, or 1.2 per…
Read more Weekly Market Wrap: Nifty, Sensex posted gains in 2nd straight week as US GDP growth eases recession fears
