NBFCs

India's microfinance sector recorded its first sequential portfolio expansion in seven quarters, while asset quality improved and disbursements reached a seven-quarter high

Brickwork Ratings expects NBFC balance sheets to expand to ₹92.9 trillion by FY28, while warning of rising stress in unsecured and rural credit segments

The Reserve Bank of India (RBI) on Wednesday said it has cancelled the certificate of registration of 135 non-banking finance companies. These include companies such as Express Fincap House, Akshay Fiscal Services, Times Finance (P), Jupiter Projects (P), Jupiter Finvest, Essel Finance Business Loans, and Citiwide Financial Services. The majority of the NBFCs, whose certificates of registration were cancelled, had a registered office address in West Bengal, an RBI release showed. Separately, 13 non-banking finance companies have surrendered their certificates of registration to the central bank due to exiting the business or ceasing to be legal entities following amalgamation/merger/dissolution/voluntary strike. J. Thomas Finance, Econ-Super Sales, Hitesha Finance and Investment, Tinnevelly Tuticorin Investments, Carnex Vinimay, and Impact Leasing surrendered their licences due to exit from Non-Banking Financial Institution (NBFI) business, the release said. Further, Forerunner ..

Krishna Kant & Ram Prasad Sahu delve into the earnings of the 10 biggest sectors in Q4FY26

The ed-tech firm has reversed its earlier plan to lend through subsidiary FinZ Finance, opting instead to connect students with regulated third-party NBFCs

Edtech firm PhysicsWallah on Thursday said it plans to exit from the business of direct financing for students and instead partner with NBFCs for education loans. The move comes after a recent announcement wherein the company said it will invest Rs 120 crore through an equity-infusion in its fully-owned subsidiary FinZ Finance Private Limited. "Physicswallah Limited wishes to inform the exchanges that it is restructuring its lending strategy and has tied up with multiple leading regulated third-party NBFCs to enable student lending needs. This decision reverses the company's earlier approach and is intended to materially reduce balance sheet and credit related risks for the company," the company said. PW said strategic direction for FinZ Finance will be decided in the near future subject to the board and other regulatory approvals. "We received feedback from our partners that our core strength lies in building communities and our online business. Our lending business is best left t

The NBFC self-regulatory organisation said the limited availability of certified recovery agents in smaller towns could affect the viability of small-ticket lending operations

Digital NBFCs accounted for 77 per cent of personal loan sanction volumes and 19 per cent of sanction value in FY26, even as growth in loan volumes slowed sharply

CRIF High Mark said MSME credit growth moderated amid global uncertainty, while early-stage stress surfaced among micro borrowers, manufacturing firms and working-capital loans

PhysicsWallah steps deeper into fintech with a ₹120 crore infusion into its NBFC arm FinZ Finance, expanding student-focused lending within its education ecosystem

The RBI has proposed allowing lenders to restrict financed mobile devices in loan default cases, while mandating safeguards, borrower notices and compensation for wrongful action

IIFL Capital expects the company to deliver a 27 per cent AUM CAGR over FY26-FY29, while profit after tax (PAT) is projected to grow at a stronger 44 per cent CAGR

Scale in digital public infra can now support broader economic outcomes, with UPI transactions offering a timely, contextual view

New norms, effective from July, exempt smaller NBFCs from registration need

Abu Dhabi's International Holding Company has acquired control of Sammaan Capital through an open offer and preferential allotment in a major NBFC investment deal

Central bank revokes certificates of registration after business exits, merger-related changes and CIC classification adjustments

Bank of Baroda (BoB) on Friday reported an 11 per cent rise in profit to Rs 5,616 crore during the March quarter. The state-owned lender had earned a net profit of Rs 5,048 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 36,609 crore, from Rs 35,852 crore a year ago, BoB said in a regulatory filing. The bank's interest income grew to Rs 32,642 crore, from Rs 30,642 crore in the fourth quarter of the previous financial year. However, net interest income (NII) in the quarter declined to Rs 12,494 crore, from Rs 11,020 crore in the same period a year ago. On the asset quality front, the bank's gross non-performing assets (NPAs) moderated to 1.89 per cent of gross advances, as compared to 2.26 per cent by the end of March 2025. Similarly, net NPAs came down to 0.45 per cent of the advances, over 0.58 per cent at the end of 2025. The provision coverage ratio of the bank improved marginally to 93.94 per cent as on March 31, 2026. The bank's c

Company will instead focus on existing model of credit distribution, in partnership with other lenders

The microfinance sector's gross loan portfolio rose sequentially in Q4FY26, supported by higher loan originations, bigger ticket sizes and improving asset quality

MFIN has backed the RBI's advisory against misleading loan waiver campaigns amid rising misinformation and borrower mobilisation efforts in parts of North India