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.
nbfc industry
October 2024
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June 2024
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.
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.
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.
From ₹190 to ₹304: This PSU stock surges 60% in July; hits all-time high ahead of Q1
The largecap stock, which debuted in November last year, has risen more than 850% against the initial public offering (IPO) price of ₹32 apiece.
HDFC Credila Cashes In On Rise In Study Loans
India’s education loan industry is heavily “untapped”, and Credila is a small part of a much larger market opportunity, says HDFC Credila MD & CEO Arijit Sanyal
Education-focussed NBFC Avanse Financial files for ₹3,500 cr IPO
The IPO of Warburg Pincus-backed company comprises fresh issue of equities worth up to ₹1,000 crore and an OFS of up to ₹2,500 crore.
RBI flags 'usurious' interest rates on small loans by NBFCs
It has been observed in some micro finance institutions and NBFCs that the interest rates on small value loans are high and appear to be usurious, says Shaktikanta Das
Tata Motors Finance merges with Tata Capital
Tata Motors Finance with an AUM of ₹32,500 crore predominantly provides financing solutions for new and old commercial vehicles (CV), passenger vehicles (PV), dealers and vendors.
