PFC Q1 results: Net profit up 23% to Rs 3,557 crore
Its total income rose to Rs 16,932.24 crore during the quarter under review from Rs 14,605.12 crore a year ago.
Muthoot Finance jumps 7% as NBFC reopens branches after ease in lockdown restrictions
"The company will re-open all its branches from April 2...
ABFL becomes first NBFC to list commercial paper on bourses
ABFL listed its CPs on NSE with a value date of November 28, 2019 and maturity da...
Icra maintains negative outlook for residential realty; outlook stable for commercial segment
The performance of the residential segment continues to be muted, owing to the prevailing liquidity crunch.
Banks to face capital shortfall of Rs 3.5 lakh crore in event of systemic crisis in NBFC sector: Fitch
We assume that 30 per cent of banks' NBFC exposure becomes non-performing, said Fitch.
RBI’s panel suggests measures to strengthen core investment companies
The working group recommended capital contribution by CIC in a step down CIC, over and above 10%, should be deducted from its net worth.
Cox & Kings Financial gives up NBFC licence
Cox & Kings Financial Service had announced after its board meeting on September 13 that it has decided to surrender its NBFC licence.
Credit Saison India gets NBFC licence from RBI
The company, which operates in the country under its registered name of Kisetsu Saison Finance India, has also received $30 million from the Tokyo Stock Exchange-listed parent entity.
DHFL and Altico default on bond repayments
The default by DHFL is towards principal and interest on non-convertible debentures (NCDs) worth Rs 350 crore issued by it.
Aditya Birla Capital to raise Rs 2,100 crore equity capital
The non-banking financial company will take up the proposal for the consideration of shareholders at its extraordinary general meeting to be held on October 5.
DHFL tumbles 5% as firm defaults on Rs 1,571 crore bond payment
DHFL also made a default of Rs 100 crore occurred on unsecured commercial papers.
DHFL defaults on Rs 1,571 crore bond payments
The company is estimated to be sitting on a debt-pile of over Rs 90,000 crore.
Your gold jewellery will now fetch you a higher loan amount. Here's why
A gold loan is a loan against gold. It is a secured loan where gold articles such as gold jewellery, bullion etc. are taken as collateral by the lending bank/NBFC. The loan is given to the borrower against this gold as collateral.
RBI working group calls for stronger corporate governance norms in Core Investment Companies
The group has also recommended formation of board level committees for audit and remuneration for CICs as well as group risk management committees to address the concerns over corporate governance that were compromised over the years with opaque ownership structures in large conglomerates.
Droom acquires Xeraphin to bolster fintech credit business
The Sandeep Aggarwal-led auto services company has paid an estimated $3-$3.5 million to acquire the Delhi-based NBFC, which is expected to drive loan disbursals for purchasing pre-owned vehicles, and provide dealer financing under the Droom Credit business unit.