Nbfc Sector

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

NBFC's asset growth to sharply decline to 15-17% in FY 2025, 2026

Asset quality concerns, slowing of bank funding to temper pace

This recently listed NBFC stock climbed 6% on November 29; key reasons here

The rise in the Manba Finance counter came after the company announced that it has achieved the highest ever asset under management (AUM) of Rs 1,200 crore till date.

Banking lending to industry up 42.8% in H1FY25; credit to NBFC shrinks

RBI data showed that, in absolute terms, banks lent Rs 1.5 trillion in H1FY25, up from Rs 1.05 trillion in the first half of the previous financial year (H1FY24)

Karur Vysya Bank will not exit corporate business, says B Ramesh Babu

"Our cost of deposits is one of the most reasonable in the industry, and our yield on advances is in the 10.08 percent range "

This smallcap NBFC stock rose 5% ahead of Board meeting to raise funds

The shares of Ugro Capital rose ahead of the company's scheduled board meet on September 24 to consider fund raising.

Nomura ups target for Bajaj duo, M&M Fin, says rate cut positive for NBFCs

Regarding the implications of a rate cut for NBFCs, analysts noted that asset composition is more crucial than liability composition.

Retail credit growth moderates to 16.6% in June 2024, shows RBI data

Growth in personal loans; credit to NBFC down sharply

Navi Finserv closes $38 mn personal loan securitisation deal with JP Morgan

Navi Finserv on Tuesday said it has closed a USD 38 million (about Rs 315 crore) personal loans securitisation deal with J P Morgan. The transaction structured in the form of pass-through certificates (PTC) will be backed by a pool of unsecured personal loans, originated and serviced by Navi Finserv, the NBFC firm prompted by Sachin Bansal said in a statement. This is J P Morgan's first pass-through certificate transaction in the fintech space in India and the first unsecured personal loans backed PTC transaction in India, it said. Navi Finserv will use the funds to expand further and grow its digital personal loans business, it said, adding, digital lending is accelerating in India and constitutes a significant portion of the overall Indian fintech market. Market share is expected to rise to 60 per cent of the total fintech market by 2030, fueled by increasing smartphone penetration, internet usage, and the need for faster and convenient loan disbursals, it said. Navi Finserv's .

RBI's risk weighting hike: Mutual fund funding to NBFCs continues to grow

Stays above Rs 2 trillion mark for second consecutive month

Rajib Kumar Mishra ceases to be chairman of PFS after Sebi's order

PTC India Financial Services Ltd (PFS) on Thursday said that Rajib Kumar Mishra ceased to be the company's chairman following the order passed by markets regulator Sebi that restrained him from holding the director's post for six months. Mishra held office in PFS in the capacity of chairman, non-executive director. "Pursuant to ...regulatory order issued by Sebi, Rajib Kumar Mishra, ceases to be the chairman, non-executive director of the company with effect from the date of issue of the said order i.e. June 12, 2024," PFS said in a regulatory filing to the stock exchanges. PFS, promoted by PTC India Ltd, is a non-deposit taking NBFC classified as an infrastructure finance company. On Wednesday, the regulator has prohibited Mishra from "holding any position of director or key managerial personnel in any listed company or any intermediary registered with Sebi or associating himself with any listed public company or a public company which intends to raise money from the public or any

Moneyboxx Finance Q3 results: Profit at Rs 2 cr, total income at Rs 33.5 cr

Moneyboxx Finance, an NBFC engaged in small business lending segment, has reported a profit of Rs 2.01 crore for the quarter ended December 2023. The company had incurred a loss of Rs 2.7 crore in December quarter last financial year. The company posted a profit after tax of Rs 5.02 crore in April-December 2023-24. It incurred a net loss of Rs 7.22 crore in the year-ago period. In December quarter FY24, total income was at Rs 33.52 crore. It was Rs 13.19 crore in the year-ago period. In a statement, the company said its assets under management more than doubled to Rs 530 crore as of December 31, 2023, driven by branch expansion, higher productivity, and growth in lending partnerships. "We have built a sustainable, scalable, and tech-driven business model with robust underwriting practices to cater to the promising and underserved small business loan market in rural and semi-urban areas," said Deepak Aggarwal, Co-CEO and CFO of Moneyboxx Finance. The company caters to micro ...

Axis Bank Q3 net profit up 4% at Rs 6,071 cr, net interest income rises 9%

Net Interest Income reported 9 per cent growth to Rs 12,532 crore while other income was up 22% to Rs 5555 crore

NBFC business has to hit the reset button after RBI strengthens norms

Shadow banks will have to review how they lend money as Mint Road puts a squeeze on their credit lines

Bank credit to NBFCs grows 22% in Oct, exposure to sector at Rs 14.8 trn

The RBI norms on an increase in risk weights exclude bank loans to housing finance companies or bank loans backed by priority sector loans (PSL)

Cholamandalam Investment joins Rs 1-trillion market cap club; hits new high

The stock hit a record high of Rs 1,239.80, surging 7 per cent in the past two trading days

LIC Housing Finance, HDB cut fundraise amount due to volatile market

LIC Housing raises Rs 941 cr against indicative Rs 1,500 cr

Manappuram Finance slips 4% after 10% equity change hands via block deal

At 09:15 AM; around 88.4 million shares representing 10.44 per cent of total equity of Manappuram Finance changed hands on the BSE, the exchange data shows.

RBI announces guidelines to accept green deposits by banks, NBFCs

The central bank has identified nine sectors in which the proceeds from these green bonds must be used. They include renewable energy and green transport

Fullerton India's total disbursals jump 41% in 9MFY23, AUM rises 34%

Speaking on the overall performance, the management said that the company's performance in FY22 and 9MFY23 reflected deep commitment to customers