NBFC
Latest news, explainers and analysis on NBFC. Tracking 72 stories on Arth Vani.
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New LaunchBreakingSundaram Finance Hikes Fixed Deposit Rates, Offers Up to 8% Returns
Sundaram Finance, a leading Non-Banking Financial Company (NBFC), has announced an increase in its fixed deposit interest rates, now offering returns of up to 8%. Specific details regarding the revised rates across different tenures and their effective date were not provided in the raw source material.
IBL Finance Plans ₹50 Crore NCD Issue for Retail Investors
Non-banking finance company IBL Finance Limited is set to launch a public issue of Secured, Rated, and Redeemable Non-Convertible Debentures (NCDs) to raise up to ₹50 crore. This offers retail investors an opportunity to invest in fixed-income instruments issued by an NBFC.
IIFL Finance Pays RBI Penalty for Gold Loan Violations
IIFL Finance, a major NBFC, has paid a penalty to the Reserve Bank of India (RBI) for violations related to its gold loan operations. This action highlights the central bank's ongoing commitment to enforcing compliance within the financial sector.
Greaves Finance Appoints Mukul Kanchan as New Executive Director & CEO
Greaves Finance has appointed Mukul Kanchan as its new Executive Director and CEO. Kanchan's appointment is aimed at strengthening the company's focus on expanding its electric vehicle (EV) financing business.
India's Falling Bad Loans Mask Deeper Banking Risks, Business Today Warns
While official data shows a decline in India's bad loans, a Business Today report highlights concerns about potential hidden banking risks accumulating beneath the surface. This suggests that the financial system may be developing new vulnerabilities, even as headline figures appear robust. The full extent and nature of these 'beneath the surface' risks are typically detailed in the original report.
RBI Cancels Registrations of 13 NBFCs in Latest Regulatory Action
The Reserve Bank of India (RBI) has revoked the Certificate of Registration (CoR) for 13 Non-Banking Financial Companies (NBFCs). This action underscores the central bank's ongoing commitment to ensuring regulatory compliance and stability within India's financial sector.
BreakingRBI Cancels Registration of 13 NBFCs, 11 Based in West Bengal
The Reserve Bank of India (RBI) recently cancelled the Certificates of Registration for 13 Non-Banking Financial Companies (NBFCs) across India. Notably, 11 of these deregistered entities were operating from West Bengal, marking a significant regulatory action aimed at strengthening the financial sector.
BreakingRBI Cancels Registrations of 13 NBFCs, 11 From West Bengal
The Reserve Bank of India (RBI) has cancelled the Certificates of Registration for 13 Non-Banking Financial Companies (NBFCs). A significant majority, 11 of these deregistered entities, were based in West Bengal, reinforcing the central bank's commitment to financial sector compliance.
NeoGrowth Secures ₹85 Crore Funding from FMO, LeapFrog Investments
NeoGrowth, an Indian Non-Banking Financial Company (NBFC), has successfully raised ₹85 crore in funding from two prominent global investors: FMO, the Dutch entrepreneurial development bank, and LeapFrog Investments. This capital injection is set to strengthen NeoGrowth's ability to provide crucial credit solutions, primarily to small and medium-sized enterprises (SMEs) across India.
BreakingShriram Finance Hikes FD Rates to 7.85% on 1, 2, 3, and 5-Year Deposits
Non-banking financial company (NBFC) Shriram Finance has increased interest rates on its fixed deposits, with the highest offering now reaching 7.85% annually. The revisions cover popular tenures of one, two, three, and five years, providing an attractive option for retail investors seeking stable returns.
Bajaj Finance Issues Gold Loan Guidelines: Key Factors to Check Before Borrowing
Bajaj Finance has released a comprehensive guide for retail borrowers to evaluate gold loans effectively. The NBFC emphasizes comparing interest rates, loan-to-value ratios, and repayment flexibility to ensure a cost-effective borrowing experience.
NBFC Services to Banks Now Attract 18% GST, May Impact Banking Costs
Services provided by Non-Banking Financial Companies (NBFCs) to commercial banks will now be subject to an 18% Goods and Services Tax (GST). This development could lead to increased operational costs for banks and potentially impact the cost of banking services for consumers.
Hero FinCorp & Hero MotoCorp Tie Up for Two-Wheeler Loans
Hero FinCorp (HLF) and Hero MotoCorp (HMSI) have partnered to boost two-wheeler sales through enhanced financing options. This collaboration aims to make owning a new bike or scooter more accessible for a wider range of customers across India.
BreakingBajaj Finance Hikes Fixed Deposit Rates by up to 40 Bps; Senior Citizens to Get 8.85%
Bajaj Finance has increased interest rates on its Fixed Deposits by up to 40 basis points across various tenures. The non-banking financial company (NBFC) now offers a peak interest rate of 8.85% for senior citizens on specific tenures.
BreakingNBFC Retail Loan Growth Hits 22% in August, Signalling Strong Credit Demand
Non-Banking Financial Companies (NBFCs) experienced a significant acceleration in retail loan growth, reaching 22% in August. This robust expansion highlights increasing demand for personal credit across India, reflecting an active financial landscape for individual borrowers.
RBI Rate Hikes Could Reshape Bank, NBFC Economics & Deposit Landscape
According to Economic Times BFSI, any rate hikes by the Reserve Bank of India (RBI) have the potential to significantly alter the economic models for banks, Non-Banking Financial Companies (NBFCs), and the returns on customer deposits. These adjustments typically impact lending rates, borrowing costs, and investment strategies across the financial sector.
BreakingNBFCs Crucial for First-Time Borrowers, Support Half of New Credit Users
Non-Banking Financial Companies (NBFCs) are playing a vital role in expanding credit access in India, originating 50% of all loans to individuals or businesses new to the credit system. This highlights their significance in financial inclusion and providing a gateway to formal credit for a large segment of the population.
Nomura: Rising Costs, Regulations Threaten Indian NBFC Earnings
A Nomura report indicates that Non-Banking Financial Companies (NBFCs) in India face potential pressure on their earnings. This is primarily due to increasing funding costs and new regulatory challenges. The report suggests a looming threat to the financial performance of these institutions.
AvenuesAI Announces Investment in OPL and NBFC RatnaFin
Fintech firm AvenuesAI has confirmed its plans to invest in OPL and the Non-Banking Financial Company (NBFC) RatnaFin. This strategic move signifies AvenuesAI's expansion, targeting both OPL and the regulated financial services sector through RatnaFin.
Major NBFCs Including Bajaj Finance, L&T Finance Face Up To 12% EPS Cuts
Key Indian Non-Banking Financial Companies (NBFCs) like Bajaj Finance, L&T Finance, and HDB Financial Services are experiencing higher costs to raise capital. This trend could lead to a significant impact on their profitability, with earnings per share (EPS) potentially dropping by up to 12%.
Tata Sons Merger Proposal Faces Scrutiny from Tata Trusts Trustees
A proposed merger of Tata Sons, the holding company for the Tata Group, is reportedly facing questions from the trustees of Tata Trusts. This development could impact the future structure and operations of one of India's largest conglomerates.
Bajaj Finance Boosts Financial Literacy & Cyber Safety for Tribal and Migrant Workers in Kodagu
Bajaj Finance has launched a new initiative in Kodagu, Karnataka, to provide essential financial literacy and cyber fraud awareness programs. The program targets tribal communities and migrant workers, aiming to empower them with critical knowledge for better financial decision-making and protection against digital scams.
Sagarmala Finance Pulls ₹600 Crore Blue Bond Issue Amidst High Interest Demands
Sagarmala Finance has withdrawn its planned ₹600 crore blue bond issue, citing higher-than-expected interest rates demanded by investors. This strategic decision reflects the company's assessment that the borrowing costs were too high for the planned project funding.
Credit Saison India Targets 30% Secured MSME Loans by Fiscal End
Credit Saison India is significantly expanding its secured lending portfolio for Micro, Small, and Medium Enterprises (MSMEs), aiming for these loans to constitute 30% of its total book by the end of the current fiscal year. The company, which currently manages a loan book of ₹25,000 crore, plans to focus this expansion particularly in smaller Tier 2 and Tier 3 towns across India.
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