NBFC

Gold loans overtake auto loans as the second-largest retail segment, with rapid growth driven by soaring gold prices and rising borrower demand

NBFCs reported stronger Q3FY26 growth with margin expansion, lower credit costs and improved asset quality; a revival in infrastructure-linked activity could further support sector momentum into FY27

Kotak Institutional Equities' favoured picks among NBFCs' include Bajaj Finance and Bajaj Finserv

Aggregated portfolio outstanding stood at Rs 320.9 trillion in December 2025, down 7.2% Q-o-Q and 18% Y-o-Y, while 180-plus DPD stress rose sharply year-on-year

The earlier defence that misconduct was the agent's independent act may not work in the future

Bajaj Finance, L&T Finance and Tata Capital are embedding AI and GenAI across the lending chain-from acquisition to servicing-to enhance growth, efficiency and risk oversight

Airtel Money has secured RBI registration to function as a Type II non-deposit NBFC, with Bharti Airtel issuing the regulator's mandated disclaimer on financial soundness and liability obligations

Assets under management of non-banking financial companies specialising in gold loans are set to log a compound annual growth rate (CAGR) of about 40 per cent between this fiscal and next, surpassing Rs 4 lakh crore by March 2027, a report said. The surge will be driven by elevated gold prices, a shift towards secured credit and an evolved regulatory environment, outpacing the CAGR of 27 per cent clocked between fiscals 2023 and 2025, said the report by Crisil Ratings. Gold prices soared about 68 per cent in the first nine months of this fiscal year to an all-time high. "This enhances collateral values, enabling lenders to scale up disbursements," it said. Furthermore, amid the limited availability of credit from segments such as unsecured lending, borrowers are looking for other sources of funding. To capitalise on these lending opportunities, gold-loan NBFCs (both large and mid-size ones) have been expanding their market presence, despite stiff competition from banks, Crisil Rati

Rising unsecured loans, fintech-led credit growth and UPI frauds are straining NIMs, pushing NBFCs to seek refinance support, tax relief and easier recovery norms

Credit extended by NBFCs has been rising over the years, underscoring their growing importance in financial intermediation

MUFG Bank said it will not raise its stake above the proposed 20 per cent in Shriram Finance and has no plans to invest in other Shriram Group entities, even as SFL approved a $4.4 billion deal

RBI's bank ownership policy has shifted towards regulated institutional investors, but over-reliance on foreign capital risks limiting India's credit growth and domestic banking depth

To cushion exporters from the steep 50% US tariff, the RBI has announced relief measures, including easing debt repayment pressure and extending flexibility in export credit.

Driven by GST 2.0 tailwinds and strong retail lending, TVS Credit posted 27% profit growth in Q2FY26 to ₹204 crore, with assets under management rising to ₹27,807 crore

State-owned REC Ltd on Friday posted an over 9 per cent year-on-year increase in net profit to Rs 4,414.93 crore in September quarter, on higher income. It had clocked a net profit of Rs 4,037.72 crore in the second quarter of preceding 2024-25 financial year, REC Ltd said in an exchange filing. In the latest July-September period, the company registered a 10.62 per cent rise in total revenues to Rs 15,162.38 crore from Rs 13,706.31 crore in the year-ago period. Interest income rose to Rs 14,589.97 crore from Rs 13,484.82 crore in Q2 FY25. REC, under the Ministry of Power, is a Non-Banking Finance Company (NBFC), which provides long-term loans and other financing products to states, Centre and private companies for creation of infrastructure assets in the country.

The decline in bad loans will be driven by write-offs and tighter lending norms, though credit costs are expected to remain elevated in FY26, says CareEdge Ratings

The company, a wholly owned subsidiary of Small Industries Development Bank of India (SIDBI), is expected to issue its first tranche of 20 billion rupees before the end of the current quarter

RBI governor Sanjay Malhotra declined to comment on Tata Sons' deregistration request, saying registered entities continue operations until their registration is cancelled

It has been proposed to introduce a principle-based framework for assigning risk weights to infrastructure loans given by these entities

Muted transmission of repo rate reductions keeps borrowing costs high, with analysts expecting full benefits to flow in gradually over 18 months