Nbfc

RBI's draft revolving credit curbs may dent NBFCs' flexi-credit biz

The move aims to curb the risk of evergreening, where borrowers service loans through fresh drawdowns rather than genuine cash flows, according to analysts

NBFCs can extend term loans, not revolving credit products: RBI draft norms

The RBI has proposed restricting NBFCs to term loans and barring revolving credit products, except for those authorised to issue credit cards

Tata Sons remains an 'upper-layer NBFC', RBI says deregistration pending

The Reserve Bank of India indicates Tata Sons continues to be an upper-layer NBFC under principle-based norms, while its application to surrender its CIC licence remains under consideration.

MobiKwik bets on AI to boost loan disbursals by ₹300 crore a quarter

The fintech firm is using AI to reduce loan application drop-offs and convert passive users into borrowers as it strengthens its lending business after securing an NBFC licence

Jio Credit, others raise ₹2,520 crore via corporate bond issuances

Companies tap the debt market ahead of the RBI's monetary policy review, with market participants expecting stronger primary activity next month

Tata Capital's Q1FY27 results: Net profit rises 56% to ₹1,547 crore

The net interest income (NII) of the NBFC rose 25 per cent year-on-year to Rs 3,571 crore, while total income grew 23 per cent year-on-year to Rs 4,455 crore

Targeting ₹20,000 cr gold loan goal portfolio in 3 years: Umesh Revankar

Shriram Finance retains FY27 AUM growth guidance despite fuel price concerns, bets on aggressive gold loan expansion and expects NIMs to stay strong

Shriram Finance aims to double gold loan share in loanbook in 3 years

Shriram Finance is aiming to double gold loans' contribution in the overall loanbook to 5 per cent over the next three years, joining a slew of lenders ramping up focus in the more secure and high-value retail segment. The non-bank lender is also keen to increase the share of micro, small and medium enterprises in the overall loan portfolio over the medium term to 20 per cent, a top official has said. "Around 2.5 per cent of our loan book comes from the gold loan segment now. We want to grow it to 5 per cent in the next three years," its executive vice chairman Umesh Revankar told PTI recently. As of June 2026, the lender's overall gold loans outstanding had stood at Rs 7,514 crore, accounting for 2.39 per cent of the overall Rs 3.13 lakh crore book. Gold loans' share has been steadily increasing in recent times, and the first quarter of FY27 also saw a 46 per cent growth in portfolio when compared year-on-year and 13 per cent quarter-on-quarter. In March 2026, the gold loans ...

NBFCs raise over ₹7,260 cr through bond issuances; SIDBI plans ₹8,000 cr

Tata Capital, Bajaj Housing Finance and Jio Credit led bond issuances on Monday, while SIDBI announced plans to raise up to Rs 8,000 crore through bonds this week

Much ado about Tata Sons listing? What RBI amendment really means

RBI's June 24 second amendment of registration, exemptions and framework for scale-based regulation relates to the criteria of upper layer NBFCs. It doesn't seem to have anything to do with Tata Sons

RBI revises Certificate of Registration surrender norms for NBFCs

NBFCs and HFCs seeking to surrender their Certificate of Registration must submit revised applications through the PRAVAAH portal under the updated regulatory framework

Bank credit to NBFCs jumps 34% in May, lifts services sector lending growth

Bank lending to NBFCs surged 33.7 per cent year-on-year in May, helping drive services sector credit growth, while industry, retail and agriculture lending also remained strong

Progcap looks to raise $45 million equity capital in FY28 to fuel growth

MSME fintech firm Progcap aims to raise up to USD 45 million (approximately Rs 425 crore) from share sales in FY28 to expand its lending business. "We are planning a capital raise through equity dilution next financial year," Progcap co-founder Himanshu Chandra told PTI. It would be through private placement of shares, and the quantum could be in the range of USD 40-45 million, depending on the valuation, he said. "We have enough capital to take care of growth needs for the current financial year. We may look at dilution of equity next financial year," he said, adding that the dilution would be in the single digit. The fintech firm, which obtained an NBFC licence in 2022, has been witnessing very high growth in MSME lending, especially wholesalers and retailers. The fintech is currently present in 500 cities, Tier II, III and IV cities, with over 30,000 borrowers having an average ticket size of Rs 10 lakh. The lending firm focuses on loans to retailers and wholesalers across 10

Tata Sons' listing hangs in balance after RBI diktat for upper-layer NBFCs

In its latest direction, the central bank has dropped a provision defining the "indirect receipt of public funds"

Datanomics: Microfinance stress abates as NBFCs lead asset-quality recovery

India's microfinance sector is recovering as defaults fall, loan sizes rise, and government guarantees extend to boost cheaper credit to small borrowers

Kaleidofin Capital secures $5 million debt facility from WLB Asset VIIB

NBFC plans to deploy the funds across clean energy and financial inclusion sectors, with the transaction carrying Orange Certification for gender-positive impact

PhysicsWallah to exit student financing biz, ties up with NBFCs instead

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

Jefferies assigns Buy to Poonawalla Fincorp, says NBFC set for solid growth

Bhaskar Basu, Kamal Mulchandani, and Prakhar Sharma, equity analysts at Jefferies, expect PFL to deliver a 33 per cent AUM CAGR - the fastest among major NBFCs

Harassed by loan recovery agents? What borrowers can do under RBI rules

Recovery agent harassment: Your rights, RBI rules, and steps to take if loan collection turns abusive

Muthoot Fincorp plans ₹4,000-crore IPO, board approves stock split

Muthoot Fincorp's board also cleared plans for NCD issuances, private placements, and a commercial paper programme with a limit of Rs 30,000 crore