Fri, Oct 13, 2023
September saw notable changes in the sector and stock allocation of mutual funds and on a month-on-month basis, the weights of utilities, NBFCs, PSU banks, automobiles, healthcare, telecom, and cement increased, as per a report by Motilal Oswal Financial Services.
Thu, Sep 14, 2023
The Reserve Bank of India (RBI) has issued new guidelines for loan settlement, which require banks and NBFCs to release all original movable and immovable property documents within 30 days of full repayment/settlement of the loan account. The move is aimed at addressing the issues faced by borrowers during loan settlement.
Wed, Sep 13, 2023
As per the RBI’s latest circular, the lenders will pay a compensation of Rs 5,000 per day to borrowers for delay in returning the property documents.
Thu, Nov 16, 2017
The Peer to Peer lending lending involves matching of borrowers and investors via an online platform managed by P2P operator
Sun, Jul 09, 2017
RTI applicant Vishwas Bhamburkar had sought to know from the HUDCO about expenses incurred on such gifts given by its chairman-cum-managing director Ravi Kanth and the expenses incurred on his residence, including air-conditioners there.
Sat, Jul 08, 2017
Both IDFC and Shriram Group will be entering into a 90-day exclusive merger talks.
Mon, Jun 26, 2017
Analysts and industry experts believe that it is the Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) that are to take a greater hit with these farm loan waivers. A study estimated that NPA amount for cooperative credit system alone is at Rs 40,000 crore.
Thu, Jun 15, 2017
RBI's action on risk weightage of home loans is seen as credit negative for Indian banks.
Mon, Jun 12, 2017
Farm loan waivers are the order of the season. But who picks the tab? banks, NBFCs or MFIs?
Mon, Jun 05, 2017
Despite their current problems - banking, IT, oil and finance sector dominated India Inc's earnings accounting for 69% of India Inc's earnings this Q4FY17.
Wed, May 17, 2017
A mountain of bad debt in India`s banking system has led to a prolonged credit crunch that is inflicting most pain on small- and medium-sized enterprises (SMEs) such as Pandey`s that depend upon banks for their day-to-day working capital and longer-term borrowing needs.
Mon, May 08, 2017
Price band for the HUDCO IPO has been fixed at lower band of Rs 56 per share and upper band of Rs 60 per share. Issue size of the IPO is between Rs 1,128 crore – Rs 1,224 crore.
Thu, May 04, 2017
The company reported standalone net profit of Rs 2,044.20 crore, a decline of 21.58% compared to Rs 2,607.05 crore in the similar period of previous year.
Wed, May 03, 2017
HDFC has registered strong performance in previous three quarters of financial year 2016-17 (FY17).
Mon, Mar 13, 2017
In fact, the insurance regulator IRDAI has also hinted at a premium hike especially in third-party motor premium and the group health insurance from April 1 when most of the renewals take place in the domestic general insurance market.
Tue, Feb 14, 2017
Can Fin Homes on Tuesday said that its promoter Canara Bank was planning to divest 13.45% stake in the company by March-end. Can Fin Homes informed the BSE that Canara Bank had notified the Reserve Bank of India (RBI) about the stake sale.
Mon, Jan 30, 2017
It said in a statement, “Board approved issuance of secured redeemable non-convertible debentures (NCDs) aggregating up to Rs 35,000 crore on a private placement basis under a Shelf Disclosure Document in terms of the Sebi (issue and listing of debt securities) regulations, 2008.”
Housing Development Finance Corp (HDFC) surpassed analyst estimates by reporting 12% year-on-year rise in net profit in its third quarter ended December 31, 2016.
Analysts at Kotak Institutional Equities said, "We expect moderation in HDFC’s loan growth, 15% growth in AUMs (asset under management) as compared to 17% in 2QFY17. NIM will expand due to lowering of bulk borrowing costs. We do not expect any major rise in NPLs."
Tue, Jan 24, 2017
"We witnessed double-digit growth in our profitability during the nine-month period for the fiscal year 2016-17 as compared to the same period of the previous year. In line with our expansion plans, we added 11 new branches which will support us in the next phase of growth. We continue to focus on expansion in tier II and III cities," said Sanjaya Gupta, Managing Director, PNB Housing Finance.
Mon, Jan 16, 2017
The company registered Rs 499.26 crore this Q3, which was up by 19.18% compared to Rs 418.90 crore in similar period of the previous year. However, the net profit was sequentially up by 0.90% from Rs 494.76 crore of the preceding quarter.
The company recorded Rs 244.77 crore this Q3, a rise of 31.66% from Rs 185.91 crore in the corresponding period of the previous year. Also, the net profit increased by 5.23% compared to Rs 232.61 crore witnessed in the preceding quarter.
Sat, Jan 14, 2017
The company has reduced benchmark lending rate from 11.50 per cent to 10.75 per cent with monthly rests, IFCI said in a statement.
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