Following reports of Japan-based MUFG picking up 20 per cent stake in HDB Financial Services, HDFC Bank without confirming plans to sell its stake, hinted that the proposal…
Read more After stake sale reports, HDFC Bank says exploring all options for HDB Financial listingIn a bid to further streamline the unsecured loans market, the Reserve Bank of India has asked some of the larger non-banking finance companies to curtail their lending…
Read more Reduce on-lending to smaller peers: RBI tells NBFCsOne97 Communications Limited (OCL), which owns Paytm, on Wednesday, said that it is consciously pruning its loan disbursals below ₹50,000. At the same time, this fintech major has…
Read more RBI directive impact: Paytm recalibrates loan distribution biz strategyShares of Fedbank Financial Services, the NBFC arm of Federal Bank known as Fedfina, listed at a discount of 1.43 per cent at ₹138 on the NSE, against the…
Read more Fedfina shares list at over 1% discount, bounce back to trade over 3% higherThe capital requirement of banks is expected to increase by 5 per cent, or ₹84,000 crore of additional capital, due to the increase in risk weights for certain…
Read more Banks’ capital requirements to rise on higher risk weights, loan rates to increaseRetail lending has grown more in the rural areas relative to the urban areas across lenders, as creditors started tapping the underserved market segment, with the rural-urban differential growth…
Read more Retail lending has grown more in rural areas relative to urban areas: CAFRAL reportThe festival season-led spending and consumer exuberance is driving strong record disbursals for NBFCs, led by both consumer and MSME finance. M&M Financial said it estimates overall disbursements for…
Read more Festival season-led demand drives record loan disbursals for NBFCs in OctoberM&M Financial Services has entered into a co-lending partnership with the State Bank of India to offer affordable solutions to the NBFC’s customers. Also read: SBI onboards MS…
Read more Mahindra Finance, SBI in co-lending pact for priority sector lendingNon-banking finance company TVS Credit Services Ltd has posted a profit after tax for the July-September quarter at ₹134 crore up by 40 per cent. The company had…
Read more TVS Credit records 40 per cent growth in Q2 net profit at ₹134 crMUMBAI – Liquidity tightening in the banking system following the introduction of the incremental CRR (I-CRR) has prompted banks and NBFCs to raise short-term funds from money markets…
Read more I-CRR effect: Banks, NBFCs rush to raise short-term fundsThe Reserve Bank of India (RBI) has withdrawn the requirement of a sponsor of IDF-NBFCs as a part of its revised regulatory framework issued on Friday. “An IDF-NBFC…
Read more RBI withdraws need for sponsor for IDF-NBFCsNon-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 leverageThe growth outlook for NBFCs and HFCs (housing finance companies) has improved to 13-15 per cent from 11-13 per cent earlier led by an upward revision in the…
Read more NBFCs’ AUM to rise 13-15% in FY24 led by 18-20% retail loan growth: ICRAProvisional figures for Q1FY24 released by banks and NBFCs show that both credit and deposit growth remained robust during the quarter led by sustained demand for retail credit…
Read more Banks, NBFCs’ provisional Q1 figures show robust credit, deposit growthCapri Global Holdings Pvt Ltd (CGHL) has acquired 51 per cent stake in CarLelo, an online new car selling platform, for ₹150 crore. CGHL is the holding company of non-banking financial company, Capri…
Read more Capri Global Holdings acquires 51% stake in CarLelo for ₹150 croreBankEdge Academy, a specialised banking and finance training company, targets to find placement for 30,000 graduates in three years on back of huge demand in the banking and…
Read more BankEdge Academy aims to place 30,000 students in 3 years
