L&T Finance stock fell as much as 8.55 per cent during the day to ₹158.2 per share, the worst intraday session since April 7 this year
The company's reported net interest margin (NIM) dipped ~23bp quarter-on-quarter to 8.25 per cent in March 2025 quarter, primarily because of excess liquidity on the balance sheet.
The InvIT issued the NCDs across two tenures - three-year and seven-year
Bajaj Finance's board will meet on April 29 to consider a special (interim) dividend for FY25, stock split and bonus issue of shares.
M&M Financial Services' stock has fallen nearly 23 per cent from its 52-week high of ₹343 touched on September 27, 2024. The company's total market capitalisation stood at ₹33,223.40.66 crore
The sector's dominance in the Nifty index comes on the back of a 50x increase in market capitalisation over two decades
Banks, NBFCs need to adopt standardised documentation across all branches
Banks are well positioned to outperform, supported by robust balance sheets and the ability to navigate macro economic uncertainties, said a report from Motilal Oswal Securities
RBI has proposed that the blended rate of interest is to be calculated as an average rate of interest derived from the interest rates charged by respective funding regulated entities
The body represents 120 members in regulated and unregulated firms engaged in digital financial services
Poonawalla Fincorp's entry into the gold loan business comes after the Reserve Bank of India (RBI) released draft guidelines on gold loans
The Cyrus Poonawalla Group-backed NBFC plans to open 400 new branches over the next four quarters, targetting Tier-II and Tier-III cities
Shares of Airtel hit a record high of ₹1,818, as they soared 3.5% in intra-day trade, surpassing its previous high of ₹1,778.95 touched on September 26, 2024.
Some analysts noted that gold loan financiers may consider increasing interest rates on such loans
NBFCs should not lose sight of fairness to the customer even as they pursue scale, speed, and profits, Swaminathan added
RBI is working to ensure frequency of such occurrence is less, he said
REs will issue an NFB facility only on behalf of a customer having a business relationship with them
Currently, standard assets are securitised widely, where banks and non-banking finance companies (NBFCs) participate actively to acquire such assets
Customers of Jio Finance can now avail themselves of loans of up to Rs 1 crore, with interest rates starting at 9.99 per cent, tailored to their risk profiles
Credit-deposits ratio declined to 85.4% as of 31st March 2025 as compared with 94.7% as of 31st March 2024