Page 10 of NBFC

Deposit mobilisation to drive banks’ credit growth: Icra

“Deposits may grow in the vicinity of 10% and advances may rise 11.5%-12.5% in FY25, lower than last year. While…

June 18, 2024 10:28 IST

private credit, imf private credit, rbi private credit, reserve bank of india, what is private credit, private credit policies, private credit growth

The rise and risk of private credit

Between 2008 and 2020, the PC market grew five times from $0.4 trillion to $2 trillion.

June 18, 2024 06:15 IST

This exemption is from July 2017 when the GST was introduced and implements the decision taken in the 53rd GST council meeting held on June 22 this year.

MSME lender Ashv Finance partners with HDFC Bank for co-lending MSME loans

The co-lending deal is part of Ashv Finance’s focus on growing co-lending partnerships for lending to MSMEs.

June 7, 2024 16:26 IST

Micro enterprise lender Aye Finance sees 182% jump in PAT; AUM grows to Rs 4,400 crore

In terms of asset quality, Aye Finance claimed net NPAs (non-performing assets) under 1 per cent of the loan book.

June 6, 2024 13:38 IST

MSME-focused NBFC Clix Capital’s FY24 PAT jumps 125%, AUM grows 31%

The company had targetted Rs 100 crore profit and Rs 5,000 AUM in FY24.

May 31, 2024 19:46 IST

MSME, Lending, FlexiLoans, Nagpur, MSME lending, business loans, SME, Manish Lunia, Online loans,

MSME lender FlexiLoans plans Rs 100 crore loans to Nagpur MSMEs

Founded in 2016 by Manish Lunia, Ritesh Jain, and Deepak Jain, NBFC FlexiLoans claimed over 65,000 loans amounting to Rs…

May 30, 2024 13:40 IST

Delay in over 40% infra projects may raise NPA risk for banks, NBFCs

These projects are required to be taken up for special monitoring by the respective administrative ministries, the report added.

May 30, 2024 05:50 IST

In-depth: RBI warning to NBFCs on algo lending sparks concerns among MSME lenders?

Cautioning NBFCs over lending based on historical data, Swaminathan J, Deputy Governor, RBI said there appears to be a fancy…

May 21, 2024 17:30 IST

fusion micro finance, nbfc, microfinance, International Development Finance Corporation, msme loan

Fusion Micro Finance secures $25 million loan from US International Development Finance Corporation

Fusion Micro Finance said the funds will be deployed towards growing its business operations in India to enable financial inclusion…

May 17, 2024 12:49 IST

rbi, reserve bank of india, covid, nbfc, mfi, microfinance, cgtmse, msme, sidbi, nabard, ipo, npa, small finance banks, SFBs, priority sector lending, credit

Back from the brink: How NBFC-MFIs fought the battle against NPAs post Covid

Over the last decade, the microfinance sector has grown nearly 20 times. Such rapid growth was actualized by the joint…

May 12, 2024 11:44 IST

More upper-layer NBFCs to opt for restructuring to comply with norms

Experts feel that with the changing regulatory expectations, some organisations may prefer to take calls that would not necessarily align…

May 10, 2024 05:50 IST

namdev finvest, Incofin India Progress Fund, British International Investment, LHC, msme loans, nbfc, digital loans, aum, assets under management, rbi, reserve bank of India

MSME lender Namdev Finvest sees 92% jump in AUM in FY24

The company has so far raised $41.5 million in funding, with $19 million in its last pre-Series C round from…

May 8, 2024 17:31 IST

Technology, Financial Inclusion: The Roadmap for 2024-25

India’s NBFC sector stands at the crossroads for growth and transformation with the right strategies and innovations.

April 29, 2024 18:45 IST

How NBFCs can navigate compliance through technology and collaboration

With over 9,000 registered NBFCs in the country across various categories, the retail credit segment stands out as the most…

April 28, 2024 13:05 IST

RupeeRedee, fincfriends, InCred Finance, Grow Money Capital, APV Management, personal loan, nbfc, rbi, reserve bank of india, consumer durable loan

Personal loan NBFC FincFriends raises $7.8 million from InCred Finance, Grow Money Capital, others

The company said it will deploy capital towards increasing its customer base and amplifying its credit portfolio.

April 15, 2024 11:36 IST

M&A, deals, domestic investment, volume growth, M&A, PE activity, Indian corporates, domestic investment, QIP, IPO, sectoral performane

Annual securitisation volumes for FY24 estimated at Rs 1.88 lakh crore, volume to comfortably cross Rs 1 lakh crore in FY25, says ICRA

The overall annual volumes for FY2024 was up ~4 per cent YoY despite the exit of previous year’s largest originator,…

April 4, 2024 13:24 IST

MFI loan portfolio rises 21% to Rs 3.9 trillion

The total disbursement of microfinance lenders rose 19% y-o-y to Rs 96,754 crore in the December quarter.

April 3, 2024 01:10 IST

Mahindra Finance, disbursements, collection efficiency, business assets, Q4FY24, liquidity chest

Mahindra Finance posts Q4FY24 disbursements at Rs 15,300 crore, up 11% YoY

For March 2024, Mahindra Finance estimates the overall disbursement at approximately Rs 6,100 crore, reporting a 9 per cent growth…

April 2, 2024 18:43 IST

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Gold buying guide for Diwali 2025: How to verify purity, hallmark, and authenticity

Life37 min ago

As Diwali approaches, India is filled with anticipation and preparations for the festival of lights. Families are making checklists and shopping for new outfits, puja essentials, and groceries. The tradition of buying gold during Diwali is deeply ingrained in Indian culture and also has many practical usages. So it is important to know how to verify the purity and authenticity of gold. Here is a detailed guide.

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