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non-banking financial companies (NBFCs)

PhonePe prepping for IPO; seeks valuation of USD 8-10 billion

PhonePe prepping for IPO; seeks valuation of USD 8-10 billion

Wed, Jun 15, 2022

PhonePe, part of the Walmart Inc-controlled Flipkart group, is considering to raise funds through an initial public offering for expanding its financial services portfolio and deepening its core United Payments Interface (UPI)-based payments operations, investment banking sources said on Wednesday.

NBFCs to see Rs 18 lakh crore loans getting repriced in FY23: Crisil

NBFCs to see Rs 18 lakh crore loans getting repriced in FY23: Crisil

Tue, Jun 14, 2022

Non-banking financial companies are likely to witness close to Rs 18 lakh crore of their outstanding debt getting repriced at higher levels in FY23 amid the rising interest rate scenario, Crisil Ratings said in a report on Tuesday.

Loan assets securitised by NBFCs jump 43 percent to Rs 1.25 lakh crore last fiscal: Report

Loan assets securitised by NBFCs jump 43 percent to Rs 1.25 lakh crore last fiscal: Report

Mon, Apr 18, 2022

Total value of loan assets securitised by non-banking financial companies, including housing finance firms, grew by around 43 percent in the last fiscal year to Rs 1,25,000 crore, driven by quick economic recovery and lower base effect, a report said on Monday.

Pradhan Mantri Mudra Yojana: Over 34.42 crore beneficiaries get Rs 18.60 lakh crore loan under PMYY

Pradhan Mantri Mudra Yojana: Over 34.42 crore beneficiaries get Rs 18.60 lakh crore loan under PMYY

Fri, Apr 08, 2022

More than 34.42 crore beneficiaries have received Rs 18.60 lakh crore loan under the Pradhan Mantri Mudra Yojana (PMMY) since its launch seven years ago, the Finance Ministry said on Friday.

Hero Electric ties up with L&T Finance for retail finance

Hero Electric ties up with L&T Finance for retail finance

Mon, Mar 14, 2022

Hero Electric on Monday said it has joined hands with L&T Finance to offer consumers easy financing solutions for its entire product portfolio across its 750-plus dealership network.

NBFCs must adopt new tech to attract PE funding: Study

NBFCs must adopt new tech to attract PE funding: Study

Sun, Jan 07, 2018

In the wake of advanced digital policy initiatives and exponential increase in smartphone/internet access, NBFCs need to tweak their business models, it said

NBCC to set up NBFC to finance growing business

NBCC to set up NBFC to finance growing business

Thu, Oct 06, 2016

AKMittal, Chairman and Managing Director of NBCC said that among various initiatives under consideration, the company is keen to float a Non-Banking Finance Company (NBFC) to finance growing business.

Bharat Financial Inclusion's QIP got oversubscribed by multiple times

Bharat Financial Inclusion's QIP got oversubscribed by multiple times

Tue, Sep 27, 2016

Ashish Damani, Chief Financial Officer of Bharat Financial Inclusion said,""The QIP will enable us to augment our member base from the present 5.7 million to 9.5 million over the next two years, and meet their credit requirements.”

HDFC to issue NCDs of Rs 1340 crore via private placement

HDFC to issue NCDs of Rs 1340 crore via private placement

Wed, Sep 21, 2016

Housing Development Finance Corp (HDFC) – major provider of finance to housing today, informed the company will be raising Rs 1340 crore from secured redeemable non-convertible debentures (NCDs).

Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra

Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra

Sun, Sep 18, 2016

Domestic rating agency Icra has said the decision to extend provisions of the Sarfaesi Act to loans given by non-banking finance companies will help bring down delinquencies and may result in cheaper funds for borrowers.

HDFC ERGO acquires 100% stake of L&T General Insurance

HDFC ERGO acquires 100% stake of L&T General Insurance

Fri, Sep 09, 2016

"The board of Directors of HDFC ERGO General Insurance - a non listed subsidiary of us had approved the acquisition of 100% equity shares in L&T General Insurance for an aggregate amount of Rs 551 crore, subject to reciept of requisite approvals." HDFC said in a statement.

Why are companies flocking to 'unsecured' commercial papers?

Why are companies flocking to 'unsecured' commercial papers?

Mon, Aug 22, 2016

"CP market is expected to grow and will remain an attractive source of funding for better rated corporate in the current environment of ample adequate systemic liquidity, sound inflows into key investor segments and structural inability of banks to sharply reduce their lending rates."

Are NBFCs the new FII favourite?

Are NBFCs the new FII favourite?

Tue, Aug 16, 2016

Non-banking financial companies took the majority of FII money in Q1FY17, with holdings in Housing Development Finance Corp reaching 76.86%, followed by Bharat Financial Inclusion at 63%, Indiabulls Housing Finance at 58.65% and Shriram Transport Finance at 50.1%.

Reliance Capital net profit misses estimates

Reliance Capital net profit misses estimates

Sat, Aug 13, 2016

It's life insurance segment has supported in boosting the top-line, as Reliance Nippon Life Insurance company became a subsidiary of the company, which was effective from start of the current financial year.

Registration for new NBFCs now hassle free: RBI

Registration for new NBFCs now hassle free: RBI

Fri, Jun 17, 2016

The Reserve Bank today simplified the process of registration of new NBFCs by reducing the application form and the checklist of documents from the existing set of 45 documents to about eight.

8 things you should know about RBI's Universal Banks' licence

8 things you should know about RBI's Universal Banks' licence

Thu, May 05, 2016

The apex bank has sought views/comments on the draft guidelines from banks, non-banking financial institutions, industrial houses, other institutions and the public at large.

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