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Bajaj Finance: Analysts bullish on accelerated growth, digital initiatives

At the bourses, shares of Bajaj Finance jumped 9.4 per cent on Thursday to Rs 6,999 apiece on the BSE in the intra-day trade. In comparison, the BSE Sensex was up 1.4 per cent at 11:25 AM.

RCap lenders hive off home finance, NBFC into separate trust for resolution

The proceeds of the sale of these two companies in future will flow directly to the lenders of the Reliance Capital which is currently undergoing a bankruptcy process

Corporate debt quality remains steady in June after improving since Feb

According to CARE Ratings, upgrades in rated debt can be attributed to higher demand with the economy opening up after lockdowns, releasing pent-up demand, and lower cost of capital

Aerem raises $2.5mn in pre-series A funding led by Blume Ventures

Aerem was founded in 2021 by Anand Jain who comes with a strong background in both financial services and solar

Shriram Transport Finance gets shareholders' approval for merger with SCUF

Shriram Transport Finance, which is part of the Shriram Group, now awaits approval from Shriram City Union Finance shareholders and creditors and NCLT, CCI and Irdai

Muthoot Finance gets RBI approval to open 150 new branches across India

Gold financing company says it will hire 600 more people for the expansion

PFC lists 300-million euro green bonds on Luxembourg Stock Exchange

PFC Chairman and Managing Director (CMD) RS Dhillon rang the bell at the listing ceremony held in GIFT IFSC Gujarat on Wednesday, the company said in a statement

Poonawalla Fincorp's logs Q4 consolidated net profit of Rs 119 cr

The company's housing finance subsidiary proposes to raise growth capital

Control deficiencies in CV loans take a big toll on IndoStar Capital

Provisioning burden pegged at Rs 557-667 crore

RBI hikes repo rate by 40 bps: Analysts see muted impact on banks' NIM, PAT

Non-bank finance companies (NBFCs), however, may feel more heat, except those engaged in mortgage financing

Reserve Bank of India's latest norms won't be disruptive to NBFCs

Intend to narrow regulatory arbitrage between banks and shadow banks

Debt quality index gains nearly three point to close FY22 at 92.24

The better show was largely driven by enhancements in rated debt of higher-rated entities and reduction in debt of a large defaulting NBFC on recast

IIFL Finance buys back overseas bonds worth $50 million

Non-banking finance company IIFL Finance on Tuesday said it has bought back USD 50 million worth of overseas bonds with funds raised through a loan from a global bank

U GRO's public issue of bonds opens on Thursday to raise up to Rs 100 cr

U GRO Capital, a non banking financial company focused on small and medium enterprises, on Tuesday announced opening of public issue of bonds later this week to raise up to Rs 100 crore

For FY23, State Bank of India eyes Rs 10K-cr loan book via co-lending

The bank is roping in an IT vendor for building a digital interface platform for co-lending to manage risks, accounting, reconciliation, minimise physical interface and reduce defaults

Sanjiv Bajaj on taking business to the next level of digitisation

In an interview with Business Standard's Surajeet Das Gupta, chairman and managing director of Bajaj Finserv, Sanjiv Bajaj, shares how he plans to take financial service business digital. Listen in

NBFC biz to return to normal, FY23 loan growth pegged at 14%: India Ratings

These companies are likely to begin FY23 with sufficient capital buffers, stable margins and sizable on-balance sheet provisioning, while adequate system liquidity would aid funding

RBI cancels PC Financial Service's certificate of registration

The company violated the central bank's directions on outsourcing and KYC norms and was also found to be charging very high interest rates and other charges from its borrowers

NBFC shares rise as RBI extends NPA norms compliance date

Shares in the NBFC space have shown a healthy gains on Wednesday as the RBI provided an extension for the implementation of the new NPA rules.

New prudential norms: NBFCs get some leeway on bad loans classification

The Reserve Bank allowed some relaxation in the stricter prudential norms announced for all lenders, including shadow banks