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M&M Finance Q4FY24 results: Net profit declines 10% to Rs 619 crore

Expenses grew by nearly 36 per cent on the year to Rs 2,874.56 crore in the quarter under review, up from Rs 2,112.94 crore in the January-March quarter of FY23

Small is beautiful, but not always

For most SFBs, being a small bank is part of their journey, not the destination

Have some risk appetite? Invest in highly rated company fixed deposits

While they offer higher returns than bank FDs, they are not protected by deposit insurance

Analysts recommend buying these 3 finance stocks, see up to 25% upside

REC Limited and Power Finance Corporation have soared up to 10 per cent each in the last 30 days on the NSE

RBI proposes to bring NBFCs, co-op banks under operational risk norms

The 2005 guidance on the issue, which will be repealed, was aimed only at commercial banks

REC logs highest annual profit of Rs 14K crore on lower stressed assets

The company's loan book has grown by 17 per cent to Rs 5.09 trillion as against Rs 4.35 trillion as on March 2023, which is also the highest ever

Bank credit growth to NBFCs, personal loans moderate in March: RBI data

Credit growth in agriculture and allied activities remained robust, reaching 20.1 per cent year-on-year in March 2024, up from 15.4 per cent in the corresponding month a year ago

RBI cancels Acemoney (India's) NBFC licence citing violation of guidelines

The development follows a series of actions on other players in the industry on account of non-compliance

L&T Finance Q4 results: Net profit up 11%, NIM plus fees stands at 11.15%

As for full financial year FY24, net profit rose by 43 per cent to Rs 2,320 crore as against Rs 1,623 crore on FY23

L&T Finance Q4 results: PAT up 11% at Rs 554 cr, retail book grows 31%

The company reports strong retail franchise with a retail book size of Rs 80,037 crore

Three NBFCs looking to raise funds through dollar bond issue, say bankers

Manappuram Finance, Muthoot Finance and state-run REC are aiming to issue benchmark-sized bonds, which means the issuance will be around $500 million each, the three bankers said

M&M Finance detects Rs 150 cr vehicle loan fraud, postpones board meeting

Stock down 5.5 per cent at close on BSE

IREDA surges 12% on heavy volumes post strong March quarter results

The company reported 33% YoY growth in net profit in Q4, and successfully reduced its net non-performing assets (NPAs) to 0.99 per cent from 1.66 per cent in the year ago quarter.

MFs drop exposure to banks, NBFCs in Q4; hike in auto and pharma

This comes amid persistent margin pressure and regulatory issues

Problem of plenty

Derivatives volumes can increase risks

Klub and U GRO Capital sign partnership to disburse Rs 150 crore

The allocated fund of Rs 150 crore will facilitate lending activities across the country while offering debt financing of up to Rs 30 crore in a single tranche through Klub's platform

Moneyboxx AUM crosses Rs 720 cr in FY24, aims to double this fiscal

The company currently has 100 branches in eight states in north, central and west India, and also plans to significantly expand its presence and enter south India in the current financial year

Regulatory uncertainty central theme for investments towards fintech firms

Investment dips as sector grapples with new rules and market dynamics

The RBI is fighting fit at 90

When RBI demonstrates performance, when it takes on board the concerns of all stakeholders, including the government, the political authority is more than happy to let it get on with its job

HDFC Credila raises $100 million via ECB to diversify funding resources

HDFC Credila, an erstwhile subsidiary of HDFC Limited (now HDFC Bank), focuses on the education loans business