In addition to this, the bank is also focussing on expanding its credit card customer base in non-metro cities and…
The pool of willing partners will also grow, an India Ratings and Research report said
Credit cost is expected to fall to 0.9% in 2023-24 from 1% in 2022-23. Return on assets is expected to…
The company will enter into co-branding arrangements with banks for co-branded credit and prepaid cards.
The total value of loans disbursed rose 129% y-o-y to Rs 92,848 crore as on March 31.
As on March 31, IIFL Finance’s total borrowings stood at `39,604 crore.
The Reserve Bank of India’s (RBI) decision to permit first loss default guarantee (FLDG) arrangements will lead to more partnerships…
The central bank projected inflation at 5.1% for FY24, with April-June at 4.6%, July-September at 5.2%, October-December at 5.4% and…
Subject to certain guidelines, the RBI has decided to permit arrangements between regulated entities and lending service providers or between…
Regulated entities shall put in place board-approved policies for undertaking compromise settlements with the borrowers as well as for technical…
Transaction volumes are expected to hit 3.2 billion by 2025-26 (April-March) from 1.8 billion in 2022-23, a report by Pine…
Tier-I and additional tier-I bond issuances are expected to fall below the 2022-23 levels partly due to lower scheduled call…
Unsecured personal loan sanctions of non-banking financial companies fell 15% year-on-year in the March quarter, data released by the Finance…
The company launched it through its wholly-owned subsidiary PhonePe Technology Services.
The return on assets for the Pune-based NBFC rose 172 basis points to 4.4% in FY23.
Speaking at an international event under India’s G20 presidency on Monday, Jain called for the formulation of a common framework…
The company has partnered with large non-banking financial companies and banks, and will continue to focus on the quality of…
Sectors like electronics and pharmaceuticals will drive India’s exports in 2023-24 (April-March), said India EXIM Bank deputy managing director N…
