Page 32 - Abhijit Lele

Bank direct lending to NBFCs to moderate at Rs 1.7-1.9 trn in FY25: ICRA

That's because of the recent rise in risk weights by the Reserve Bank of India for NBFC exposures

Bajaj Auto to invest over Rs 3,000 crore into finance subsidiary BACL

Bajaj Auto Credit Ltd is a wholly-owned captive finance subsidiary of BAL, established exclusively for financing two-wheelers and three-wheelers manufactured by BAL and its subsidiaries

RBI's special audit to probe regulatory breaches of IIFL Finance, JMFPL

Banking regulator seeks interest from Sebi-empanelled audit firms to conduct the audit

Bajaj group commits Rs 5,000 crore for social impact initiatives in 5 years

Unveils Bajaj Beyond - Group's new identity for all CSR and charitable programmes

Punjab National Bank raises Rs 1,859 crore in capital via AT-I bonds

Rating agency ICRA has assigned an "AA+" rating to the AT1 bonds of PNB

Banks' asset quality to improve in next six months as economy grows: Survey

FICCI, Indian Banks' Association survey had 23 respondents represent 77% of industry by asset size

Collection efficiency for personal loans reduces in December: ICRA

Earlier, in October 2023, Reserve Bank of India Governor Shaktikanta Das had flagged the high growth in certain components of consumer credit, of which personal loans are a component

Net FDI in India down 38.4% in April-January: RBI's March 2024 bulletin

FDI into India is expected to receive a boost from the Trade and Economic Partnership Agreement (TEPA) signed with the European Free Trade Association (EFTA) on 10 March 2024

Flows into NRI deposits up 70.35% in April-January, shows RBI data

Non-Resident Ordinary (NRO) deposits reached a level of $26.74 billion in January 2024, up from $26.40 billion in December 2023 and $23.12 billion a year ago

India's outward FDI rises to $3.47 billion in February, shows RBI data

Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees

NIIF-backed Digital Edge to invest Rs 1,400 cr in Navi Mumbai data centre

Plans to expand capacity to over 300 Mw in 7-8 years; taps SBI for term loan

IIFL Finance planning Rs 1,500 cr rights issue to shore up capital adequacy

Adds two directors on board, rejigs top management

Rating agency ICRA places IIFL Finance's long-term ratings under watch

Flags negative implications; may impact profitability

Give top priority to regulatory concerns, redressal: FIDC to member firms

FIDC said adherence to all applicable laws and regulations at all times is a sine qua non. Specifically, norms relating to Know Your Customer (KYC) and Anti Money Laundering (AML) should be followed

Aditya Birla Finance may merge with Aditya Birla Cap within next 12 months

This is the second instance of such a merger in the NBFC space. Earlier, Tata Capital Financial Services merged with its parent entity Tata Capital from January 1, 2024

NHIT plans to raise Rs 4,500 crore debt to buy two more road projects

The acquisition of road assets is set to be concluded in the fourth quarter

HDB Fin Services to raise Rs 2,500 crore via debt capital for biz growth

After witnessing asset quality pressures in the aftermath of the pandemic, the finance company has improved its risk profile and health to support sustained growth in the loan book

AU Small Finance Bank rules out further hike in interest rates on deposits

Fincare SFB is slated to merge with AU SFB from April 1, 2024

IIFL Finance's lending partners mull options to grow gold loan book

This follows the Reserve Bank of India's (RBI's) restrictions on non-banking financial companies (NBFCs) from engaging in gold loan business

IIFL Finance board to consider fundraise on March 13 after RBI clampdown

IIFL Finance had said that Fairfax India had agreed to invest up to $200 million of liquidity support on terms to be mutually agreed upon and subject to applicable laws and regulations