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Non-banking Finance Companies

Bandhan Bank, Ujjivan Small Finance Bank major beneficiaries of RBI move

The reversal in risk weights on MFI loans from 125 per cent to 100 per cent and 75 per cent will help reduce risk weighted assets or RWAs for banks

Bandhan Bank, Ujjivan Small Finance Bank major beneficiaries of RBI move
Updated On : 27 Feb 2025 | 11:21 PM IST

Reserve Bank of India frees up bank capital with NBFC risk weight rollback

Following the increase in risk weights, bank loan growth to shadow banks fell sharply

Reserve Bank of India frees up bank capital with NBFC risk weight rollback
Updated On : 25 Feb 2025 | 11:49 PM IST

MFIs bleed in December quarter as provisions, write-offs balloon

The provisions and write-offs of these MFIs jumped to Rs 2,357 crore in Q3fy25 from Rs 378.1 crore a year ago

MFIs bleed in December quarter as provisions, write-offs balloon
Updated On : 23 Feb 2025 | 10:54 PM IST

Reserve Bank of India action does not imply systemic risk, say NBFC chiefs

RBI's punitive actions over the last year have encompassed both banks and non-banks

Reserve Bank of India action does not imply systemic risk, say NBFC chiefs
Updated On : 31 Jan 2025 | 6:05 AM IST

Lenders must offer fixed-rate products for EMI-based loans, says RBI

While lenders offer fixed rate auto loans, unsecured personal loans, not many banks and NBFCs have fixed rate products for home loans

Lenders must offer fixed-rate products for EMI-based loans, says RBI
Updated On : 10 Jan 2025 | 11:32 PM IST

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

Cease & desist: Reserve Bank of India's quick shift on NBFC curbs
Updated On : 09 Jan 2025 | 11:51 PM IST

RBI eases curbs on NBFCs as compliance improves after supervisory actions

High interest rates and tighter regulations have been cited as contributors to weak demand and a slowdown in India's economic growth

RBI eases curbs on NBFCs as compliance improves after supervisory actions
Updated On : 09 Jan 2025 | 1:31 PM IST

RBI removes biz restrictions on Kolkata-based Arohan Financial Services

On October 17, the regulator directed four non-banking finance companies (NBFCs) to cease and desist from sanctioning and disbursing loans

RBI removes biz restrictions on Kolkata-based Arohan Financial Services
Updated On : 03 Jan 2025 | 11:22 PM IST

Sumitomo Mitsui Financial Group infuses Rs 3,000 cr into Indian subsidiary

The Rs 3,000 crore equity infusion into SMFG India Credit includes Rs 300 crore investment into its wholly owned subsidiary - SMFG India Home Finance

Sumitomo Mitsui Financial Group infuses Rs 3,000 cr into Indian subsidiary
Updated On : 26 Dec 2024 | 6:18 PM IST

BFSI Summit: Industry experts discuss future growth paths for NBFCs, MFIs

Business Standard BFSI Insight Summit 2024: Industry experts share insights into reach, regulatory pressures, growth opportunities for non-banking financial companies, microfinance institutions

BFSI Summit: Industry experts discuss future growth paths for NBFCs, MFIs
Updated On : 07 Nov 2024 | 5:29 PM IST

FSIB recommends Ashok Chandra as next PNB managing director and CEO

Chandra began his banking career with Erstwhile Corporation Bank in September 1991 as a probationary officer. He holds a master's degree in economics

FSIB recommends Ashok Chandra as next PNB managing director and CEO
Updated On : 28 Oct 2024 | 10:31 PM IST

Centre releases finance commission grant for RLB's in Andhra, Rajasthan

The Union Government has released the first instalment of the 15th Finance Commission grants for 2024-25 to Rural Local Bodies (RLBs) in Andhra Pradesh and Rajasthan, the panchayati raj ministry said in a statement. Andhra Pradesh has received untied grants amounting to Rs 395.50 crore and tied grants totalling Rs 593.26 crore. These funds are for duly elected nine eligible district panchayats, 615 eligible block panchayats, and 12,853 eligible gram panchayats in the state. In Rajasthan, untied grants of Rs 507.11 crore and tied grants of Rs 760.67 crore have been released for the duly elected 22 eligible district panchayats, 287 eligible block panchayats and 9,068 eligible gram panchayats. The untied grants will enable panchayats to address specific local needs across 29 subjects under the 11th Schedule of the Constitution, ranging from agriculture and rural housing to education and sanitation. These funds, however, cannot be used for salaries or establishment costs. The tied gra

Centre releases finance commission grant for RLB's in Andhra, Rajasthan
Updated On : 12 Oct 2024 | 2:09 PM IST

NBFC Aye Finance raises $30 million in series G round led by ABC Impact

The latest round of funding comes eight months after the company raised $37 million in a Series F round

NBFC Aye Finance raises $30 million in series G round led by ABC Impact
Updated On : 20 Sep 2024 | 11:55 PM IST

Commercial banks credit growth to moderate to 12-14% in FY25: Moody's

Resource mobilisation challenge, regulatory nudge to weigh on growth

Commercial banks credit growth to moderate to 12-14% in FY25: Moody's
Updated On : 13 Jun 2024 | 12:35 AM IST

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

Three NBFCs looking to raise funds through dollar bond issue, say bankers
Updated On : 27 Apr 2024 | 2:56 PM IST

NBCC planning to set up its own NBFC to help save over $100 million

The Indian government owns infrastructure financial institutions but no other state-run company has created a unit to help it finance projects

NBCC planning to set up its own NBFC to help save over $100 million
Updated On : 19 Apr 2024 | 10:46 PM IST

Poonawalla Fincorp announces appointment of Arvind Kapil as MD & CEO

The current MD & CEO of the company, Abhay Bhutada, has been elevated to a group-level role

Poonawalla Fincorp announces appointment of Arvind Kapil as MD & CEO
Updated On : 19 Mar 2024 | 10:07 AM IST

Japan's Mizuho Bank acquires 15% in Credit Saison India for Rs 1,200 cr

Digital non-banking finance company Credit Saison (CS) India on Tuesday said Japan's Mizuho Bank has acquired 15 per cent stake in it for Rs 1,200 crore. This is Credit Saison's first investment from an external investor, a statement from CS India said. This strategic investment will enable CS India to continue its journey towards becoming a well-diversified, resilient lending franchise with a focus on growth and profitability, the statement added. CS India received its (Non-banking Finance Company) NBFC licence in September 2019 from the RBI and focussed initial operations in wholesale lending and tech-integrated partnerships with other NBFCs and fintechs. Later, it expanded into retail lending through partnerships. Currently, it has 1.2 million active loans worth over Rs 10,000 crore, Presha Paragash, chief executive of CS India said. Mizuho Bank is the retail and corporate banking unit of Mizuho Financial Group while CS India is the domestic arm of Saison International, one of

Japan's Mizuho Bank acquires 15% in Credit Saison India for Rs 1,200 cr
Updated On : 13 Feb 2024 | 2:06 PM IST

Poonawalla Fincorp's AUM rises 57% to around Rs 21,850 cr in Q3FY24

Sequentially, Poonawalla Fincorp's AUM expanded by 8 per cent over in the second quarter ended September 2023

Poonawalla Fincorp's AUM rises 57% to around Rs 21,850 cr in Q3FY24
Updated On : 04 Jan 2024 | 11:15 PM IST

Bajaj Finance shares soar 4% as Q3 business update shows robust AUM growth

NBFC reported 26% rise in new loans during the December quarter

Bajaj Finance shares soar 4% as Q3 business update shows robust AUM growth
Updated On : 04 Jan 2024 | 10:55 PM IST