Page 3 - Nbfc

Trillionloans Fintech secures 'IND BBB+' rating from India Ratings

The non-banking financial company (NBFC) plans to leverage BharatPe's merchant network with a base of over 18 million customers

Some upper-layer NBFCs can be good substitute for banks: Sanjiv Bajaj

In next 10-15 years, India needs around four large capable, mature NBFCs, says Bajaj Finserv's Chairman and Managing Director Sanjiv Bajaj

RBI adopting more accommodative stance under Sanjay Malhotra: Analysts

This is reflected in the measures taken by the central bank in the past few months to spur economic growth and ease liquidity tightness

NBFCs urge RBI to raise ECB limit, ease loan recovery and eKYC rules

NBFCs urge RBI to raise the ECB limit, ease SARFAESI norms for small loans, expedite eKYC approvals, and relax asset classification rules for alternative vehicle financing

Indian companies filed ECB intent worth $9.54 billion in December 2024

Of this, the intent for fund-raising through the automatic route amounted to $6.23 billion, while that via the approval route stood at $3.3 billion, according to RBI data

PhonePe returns NBFC-AA licence, will partner with other AAs in market

PhonePe had integrated the AA service into its consumer app, allowing users to create an interoperable AA handle and access bank statements through the "check balance" feature at no cost

IPO-bound Veritas Finance Q3 results: Net profit rises 9% to Rs 68.93 cr

Veritas is the fastest-growing NBFC in terms of assets under management (AUM) growth among compared peers for the period between FY22 and FY24

Banks to NBFCs, customer complaints rise as redressal system slows down

Complaints about mobile or e-banking form majority of those received by the RBI ombudsman against banks

RBI aligns HFCs' NCD private placement rules with NBFC regulations

According to a notification by the RBI, the revised guidelines will apply to all new private placements of NCDs with maturities exceeding one year by HFCs, effective immediately

RBI must come out with road map for NBFCs to become banks: Umesh Revankar

As and when the RBI comes out with a roadmap, we will relook at the way we do business and make the necessary changes, Umesh Revankar, Executive Vice-Chairman, Shriram Finance said

Piramal Enterprises Q3 results: Firm back in the black with Rs 39 cr profit

The credit cost of the company increased to 1.9 per cent from 1.6 per cent in Q2 FY25

Tata Sons' de-registration application under consideration, says RBI

On Thursday, the regulator released the list of NBFC-UL for 2024-25 in which 15 entities are named, same as financial year 2023-24. No new NBFCs were included in the list for FY25

Cease & desist: Reserve Bank of India's quick shift on NBFC curbs

In December, the restriction was lifted for Navi Finserv, and this month, it was removed for the remaining three NBFCs

Bajaj Finance share rises 3% on robust Q3 business nos.; brokerages upbeat

Japan-based brokerage Nomura highlighted Bajaj Finance's consistent delivery of strong numbers, citing an AUM compound annual growth rate (CAGR) of 30 per cent over FY13 to Q3FY25

NBFCs seek reforms in pre-budget talks to boost liquidity, ease challenges

One of the primary requests made by the FIDC was for a reduction in the loan amount threshold for enforcing security interest under the SARFAESI Act, from Rs 20 lakh to just Rs 1 lakh

NBFCs' loan growth moderates significantly to 6.5% in H1FY24: RBI report

The corporate bond market remains a significant funding avenue for NBFCs, which are the largest issuers of bonds, with private placement being the preferred mode

NBFCs need to further diversify funding sources to mitigate risk: RBI

Reduction in NBFCs' reliance on banks for funds bodes well for financial stability, RBI says

What are the best Personal Loan options for you at this time of the year?

Check out Paisabazaar.com's selected personal loan options from various banks and NBFCs

NBFC player Aye Finance files draft papers with Sebi for Rs 1,450 cr IPO

Aye Finance, a non-banking financial company, has filed draft papers with the markets regulator Sebi to raise Rs 1,450 crore through its Initial Public Offering (IPO). The Gurugram-based company's proposed IPO is a combination of a fresh issue of shares worth Rs 885 crore and an Offer for Sale (OFS) of Rs 565 crore by corporate and individual selling shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. A91 Emerging Fund I LLP, Alpha Wave India I LP, CapitalG International LLC, CapitalG LP, LGT Capital Invest Mauritius PCC, MAJ Invest Financial Inclusion Fund, Harleen Kaur Jetley and Vikram Jetley are offloading shares in the OFS. At present, Elevation Capital holds 16.19 per cent stake in Aye Finance, LGT Capital Invest Mauritius PCC owns a 14.13 per cent stake, Alpha Wave India I LP holds 11.21 per cent stake and CapitalG LP and CapitalG International together have 13.27 per cent shareholding, the draft papers showed. The company may consider raising

NBFCs top growth rate in micro-finance at 27.6% Y-o-Y by Sept-end FY25

The portfolio-at-risk 31-180 days-past-due has shown a deterioration across all entity types