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IIFL Finance reports 37% rise in second quarter profit at Rs 291.6 cr
The non-banking finance company said it has made an aggressive bet on growth, with an almost 15 per cent net increase in manpower strength in the last quarter
 "IIFL Finance reports 37% rise in second quarter profit at Rs 291.6 cr")
BFSI Insight Summit: It's advantage financial sector, say CEOs of top NBFCs
Pie is large and open to all, may even take half a century to reach saturation point when firms can seriously worry about competition, they say at Business Standard Summit
 "BFSI Insight Summit: It's advantage financial sector, say CEOs of top NBFCs")
RBI announces new scale-based regulatory guidelines for NBFCs
The new framework will have a four-tier structure with only about 25 to 30 of the 9,000-plus NBFCs in the top two tiers with the strictest regulations.
 "RBI announces new scale-based regulatory guidelines for NBFCs")
Srei Infra Fin hits 5% lower circuit as RBI supersedes company board
RBI superseded the board of the company, which will be taken for insolvency proceedings owing to governance concerns and payment defaults by them
 "Srei Infra Fin hits 5% lower circuit as RBI supersedes company board")
SBI signs pact with 3 NBFC-MFIs for co-lending to joint liability groups
The agreement is for co-lending to individual members of JLGs to undertake agriculture and allied activities including other income generation activities
 "SBI signs pact with 3 NBFC-MFIs for co-lending to joint liability groups")
Market yet to respond to rate cuts on home loans, share prices unaffected
Lower rates to aid loan demand for financiers who can offset discounts over the long tenure
 "Market yet to respond to rate cuts on home loans, share prices unaffected")
We keep looking at meaningful growth opportunities: Suryoday SFB CEO
Amid reports of merger talks with an NBFC, R Baskar Babu says Suryoday SFB is always open for both organic and inorganic growth opportunities
 "We keep looking at meaningful growth opportunities: Suryoday SFB CEO")
Chennai-based NBFC Shriram City looks to disburse up to Rs 23K cr in FY22
Chennai-based non-banking finance company Shriram City Union Finance (Shriram City) is eyeing total disbursements of Rs 22,000-23,000 crore in the current financial year, a top company official said.
 "Chennai-based NBFC Shriram City looks to disburse up to Rs 23K cr in FY22")
Bajaj Finance joins Rs 4 trillion m-cap club as stock hits record high
At 10:51 am, with its Rs 4.001-trillion market cap, Bajaj Finance stood in 8th place in overall market cap ranking of companies
 "Bajaj Finance joins Rs 4 trillion m-cap club as stock hits record high")
Indian firms raise bets on floating rate bonds to meet funding needs
The Indian firms are slowly leaning towards floating rate bonds, instead of issuing plain vanilla fixed rate papers to meet their funding needs
 "Indian firms raise bets on floating rate bonds to meet funding needs")
Factoring Regulation Bill to open more credit facilities for MSMEs: FM
The amendments approved by Rajya Sabha Thursday will give an impetus to the economy by providing an efficient working capital cycle for MSMEs, Sitharaman said.
 "Factoring Regulation Bill to open more credit facilities for MSMEs: FM")
Bajaj Finance: Q1 disappoints, but its outperformer tag likely to stay
The Street will likely monitor the NPA ratios that surged in the June quarter
 "Bajaj Finance: Q1 disappoints, but its outperformer tag likely to stay")
Kirloskar group launches new brand logo, 'Limitless' business vision
The new 'Limitless' vision will span over eight business areas led by Atul and Rahul, and will lay the foundation for aggressive plans in the B2C domain
 "Kirloskar group launches new brand logo, 'Limitless' business vision")
Averse bankers, willing RBI push companies towards the bond market
The corporate bond market is still dominated by financial companies, but non-financial companies have marked their presence in the past one year
 "Averse bankers, willing RBI push companies towards the bond market")
A sharp turnaround
India Inc remains cautious after a robust Q4 performance
 "A sharp turnaround")
Moneyboxx Finance aims to triple loan disbursal to Rs 180 cr in FY22
NBFC firm Moneyboxx Finance Ltd, which provides small-ticket loans in tier-2 and tier-3 cities, said it aims to triple loan disbursement to Rs 180 crore during 2021-22 by expanding its operations.
 "Moneyboxx Finance aims to triple loan disbursal to Rs 180 cr in FY22")
Lenders select Authum Investment's Rs 2,900 cr bid for Reliance Home Fin
The resolution will help parent company Reliance Capital Ltd prune its debt by 25 per cent to Rs 11,200 crore
 "Lenders select Authum Investment's Rs 2,900 cr bid for Reliance Home Fin")
At Rs 2,887 crore, Authum is top bidder for Reliance Housing Finance
subsidiary of Reliance Capital, the firm had defaulted on Rs 11,000 crore of loans and lenders had sought bids from investors
Bajaj Finance investors feel heat of 2nd Covid wave, stock falls over 4%
The NBFC anticipates Rs 1,100 cr- Rs 1,300 cr increase in credit costs and estimates both gross NPAand net NPA will be higher through the first two quarters of FY22
 "Bajaj Finance investors feel heat of 2nd Covid wave, stock falls over 4%")
Equities offer best risk-reward in current environment: Validus Wealth CIO
He tells Ashley Coutinho, in an interview, that a quicker-than-expected reversal in easy monetary conditions could sap the liquidity that has elevated asset price valuations
 "Equities offer best risk-reward in current environment: Validus Wealth CIO")