Search Results for: NBFC

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

RBI Governor Highlights India's Financial Resilience Amidst Global Uncertainties

RBI Governor Shaktikanta Das highlighted India's financial sector's resilience, citing strong macroeconomic fundamentals and a well-capitalized banking sector.

Aug 8, 2024

Hero Fincorp approves Rs 4,000 crore IPO; shares valued at Rs 10 each

India's largest two-wheeler manufacturing company Hero MotoCorp's financial arm Hero Fincorp approved a Rs 4,000 crore Initial Public Offering (IPO) of equity shares with a face value of Rs 10 each.

May 30, 2024

BharatPe co-founder Ashneer Grover now launches 'ZeroPe' for medical loans

Users can only avail the service at partnered hospitals, according to the ZeroPe app website.

Apr 12, 2024

Ahead of IPO, market value of Tata Sons' listed investments estimated at Rs 16 Lakh Crore ($96 Billion)

Tata Sons' could potentially fetch a value of Rs 7-8 trillion at current market capitalisation of Tata Group companies, as per investment banking firm Spark PWM.

Mar 6, 2024

rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

RBI issues directions on Internal Ombudsman rules for banks, NBFCs

The Reserve Bank of India (RBI) on Friday released a master direction on the Internal Ombudsman norms for banks and big NBFCs to harmonise the instructions applicable to various regulated entities on the Internal Ombudsman (IO) mechanism.

Dec 30, 2023

Manappuram Finance shares plunge after RBI crackdown

Manappuram Finance fell close to 3 per cent in the morning trade on Friday after the RBI imposed a Rs 42.78 lakh fine on the NBFC for breach of norms and tightened norms for consumer loans.

Nov 17, 2023

Earn Up to 7.95% As PNB Housing Finance Raises AA-Rated Fixed Deposit Rates

PNB Housing provides reliable savings options for individuals as well as companies with the PNB Housing Finance Fixed Deposits

May 1, 2023

From harassment calls to threats; Another loan app's recovery agents run amok [details]

A Bengaluru-based "digital storyteller" documented another tale of loan app harassment, a price he had to pay simply for being in someone else's contact book.

Feb 5, 2023

Credit offtake in elevated levels: CARE Ratings

The credit offtake in India remained at elevated levels of 17.5 per cent year-on-year (YoY), reporting robust growth for the fortnight ended December 2, said credit rating agency CARE Ratings.

Dec 27, 2022

RBI asks Mahindra Financial services to cease immediately from using recovery agents

In other words, the company was directed not to use services of any outside agency for loan recovery purpos

Sep 23, 2022

RBI tightens noose on fraudulent Chinese lending apps; plugs loopholes in regulatory guidelines

Investigating agencies found that various fintech companies in collusion with NBFC had thus indulged in predatory lending, by-passing the regulatory system.

Aug 18, 2022

BharatPe back on track after Ashneer controversy; records 112% growth [details]

Leaving the Ashneer Grover controversy behind, fintech platform BharatPe has closed one of the highest growth quarters in its history, facilitating over Rs 3,600 crore in loans in the first quarter (April-June period) of FY23.

Jul 6, 2022

PTC India Financial Services shares down 18% as independent directors quit

Shares of PTC India Financial Services declined around 18 per cent in early trade as company announced that three of its independent directors have resigned from their posts with immediate effect.

Jan 20, 2022

India's equity mutual funds show first outflows in more than four years

Sensex, Nifty Outlook 2022: FMCG, pharma, IT sectors seen as 'safe and satisfying' bets

Sectors such as real estate, power, infra, capital goods, and banking will be eyed keenly by the investors. Aviation sector struggles to make a comeback amidst the imposition of bans,

Dec 30, 2021

NSE IPO, national stock exchange ipo, NSE Mumbai, stock market india

Sensex, Nifty predictions: After some cooling in markets, expect rebound in expiry week

In the coming days we saw the bears claw back into the markets with guerrilla warfare tactics where they attacked individual stocks which had become momentum play and hammered them down substantially.

Oct 24, 2021

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