Page 15 of NBFC

Account aggregator, Account aggregator transactions, banking sector, nbfc,

Account aggregator transactions soar as lenders disburse Rs 6K cr

About 8 million accounts have already been linked to account aggregators so far, while 10 million consent requests have also…

May 26, 2023 01:00 IST

fusion microfinance, nbfc, non banking financial company, mfi, aum, assets under management, borrowers, rural entrepreneurs, women entrepreneurs, micro loans

NBFC-MFI Fusion Micro Finance sees 17x growth in FY23 PAT; GNPAs improve to 3.46%

Credit and finance for MSMEs: The total income for the company stood at Rs 1,799.9 crore in FY23, up 49…

May 23, 2023 13:52 IST

neogrowth, digital loans, online msme loans, nbfc, rbi, neogrowth msme loans, digital msme loans, gross npa, gnpa ratio, msme credit, small business credit

MSME lender NeoGrowth’s AUM grows to over Rs 1,800 crore in FY23; loans disbursed up 30% by value

Credit and finance for MSMEs: The company’s gross non-performing assets (GNPAs) ratio improved from around 12 per cent at the…

May 22, 2023 13:58 IST

More digital lenders may seek NBFC tag as Google tightens Play Store norms

Recently, Google has disclosed that it has removed more than 3,500 personal loan applications in 2022 from the Play Store…

Updated: May 2, 2023 09:41 IST

Liquidity woes: KKR to shut realty NBFC

Sources said that KKR tried to bring in investors for its real estate NBFC – KKR India Asset Finance (KIAFL)…

April 24, 2023 05:30 IST

Mirae Asset Financial, Mirae Asset Financial loans, Mirae Asset Financial personal loan,

Mirae Asset Financial to offer personal loans by year-end: CEO

The tenure of these loans is 12 months, and they can be renewed thereafter. These loans come at an interest…

April 20, 2023 00:15 IST

NBFC loan growth to stay strong despite funding challenges

The loan growth of NBFCs (non-banking financial companies) is expected to sustain in 2023-24 (April-March) despite challenges over funding.

April 15, 2023 02:15 IST

yubi, colending, nbfc, bank loan, co-origination of loans, debt marketplace, loans to msmes, loans to small businesses, smb credit, small business loans

Co-lending platform Yubi records 250% growth in FY23 transaction volume

Credit and finance for MSMEs: Co-lending as a model has gained momentum in the country as it allows banks to…

April 11, 2023 13:24 IST

nbfc, rbi, reserve bank of india, non-banking finance companies

Banks’ credit to NBFCs gallops at 30% for 6 months in a row

Loans to NBFCs now constitute 10.5% of overall non-food credit outstanding.

April 5, 2023 03:20 IST

Non-banking finance company, NBFC, DMI Finance, dmi, Sumitomo Mitsui Trust Bank

DMI Finance raises $400 million from Japan’s MUFG Bank

While Chatterjee did not share broader valuation details of the fundraise, as per an MUFG Bank release, it has invested…

April 4, 2023 03:15 IST

Jio Financial Services’ entry could disrupt NBFC sector

JFSL has appointed banking sector veteran KV Kamath to be the non-executive chairman of the company, while McLaren Strategic Venture’s…

April 3, 2023 03:20 IST

NBFCs likely to rely more on bank borrowing, other funding routes

On Friday, the government announced that the indexation benefit for investments into debt mutual funds held for over three years…

March 29, 2023 00:05 IST

Finance bill 2023: Manageable impact on NBFCs

Moderation in inflows to mid – to long-duration debt MFs expected

March 28, 2023 03:00 IST

ICRA revises outlook on infra NBFCs to ‘positive’ from ‘stable’

ICRA has revised its outlook on infrastructure sector-oriented non-banking financial companies (NBFCs) to ‘positive’ from ‘stable’.

March 24, 2023 03:20 IST

Shriram Finance aims to raise 200 billion rupees in FY24: Official

The retail non-banking finance company (NBFC) aims to grow its assets under management (AUM) by 15% in fiscal 2024 to…

Updated: March 13, 2023 15:29 IST

NBFCs expect up to 30 bps rise in borrowing cost in FY24

In its FY24 outlook for the NBFC industry, India Ratings & Research had said that till now there has been…

March 6, 2023 02:45 IST

Old wine in a new bottle

Regulating these is not a new challenge for the RBI and the government. The apps are similar to NBFCs, but…

February 25, 2023 04:00 IST

How digital escrow solutions are helping NBFCs optimize their collections

Digital escrow services have helped NBFCs revolutionise the lending industry by accessing unserved and underserved areas and meeting the varied…

February 22, 2023 08:30 IST

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Texas plane crash: 2 dead, dramatic visuals show fiery explosion

World News40 min ago

Two people were killed on Sunday afternoon after a small plane crashed near Hicks Airfield, north of Fort Worth, Texas, the NYT reported. According to the authorities, the plane crashed into several trailers and campers, setting them and a nearby building on fire before bursting into flames itself.

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