Bajaj Finance snaps 8-session losing streak post Q2; stock gains 4%
The most valued NBFC reported 13% YoY growth in consolidated PAT at ₹4,014 cr; the NII rose 23% in Q2 FY25.
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RBI stops 4 NBFCs, including Sachin Bansal’s Navi, from disbursing loans
RBI says this action is based on concerns observed in the pricing policy of these NBFCs.
RBI governor warns NBFCs pursuing ‘growth at any cost’
Some NBFCs are aggressively pursuing growth without building up sustainable business practices and risk management frameworks, says Shaktikanta Das.
Manba Finance shares list at 25% premium over IPO price
Post listing, Manba Finance shares touched a high of ₹157.45 on the BSE, up 31% over the IPO price, while the market capitalisation rose to ₹791 crore.
IREDA shares snap 4-session losing streak; jump 4% on fundraising plan
The PSU to raise ₹4,500 crore in one or more tranches; GoI stake to be diluted up to 7% via QIP.
IREDA shares jump 7% on plans to raise ₹4,500 cr
The fundraising is part of IREDA’s plan to raise ₹24,200 crore in FY24-25; it garnered ₹1,500 crore via bonds in June this year.
Jio Financial incorporates subsidiary for distribution of financial products; stock gains nearly 2%
The development comes nearly a month after JFSL received approval from the RBI for conversion of the firm from NBFC to a core investment company.
Hero FinCorp files DRHP with SEBI to raise ₹3,668 cr via IPO
The IPO of CEO Abhimanyu Munjal-led NBFC is a mix of fresh equities worth ₹2,100 crore and OFS of around ₹1,568 crore.
Budget 2024: Tackle NBFC challenges for MSME support: UGRO Capital MD
The MSME sector is a cornerstone of India's economic growth, marked by increased contributions and high optimism for progress,” says Shachindra Nath.
IREDA shares jump 9% to hit fresh record high post Q1
The multibagger renewable stock has risen nearly 29% in four sessions, while it rallied 63% in just 11 sessions of July.
