Category: Banking & Financial Services

Affordable, low-ticket home loans show early signs of rise in delinquencies

Posted on December 13, 2023 by filesadmin

Affordable and low-ticket housing loans are showing signs of an increase in early-stage delinquencies, given that low-income borrowers’ repayment capability

Poonawalla Housing Finance rebrands as Grihum Housing Finance post TPG takeover

Posted on December 13, 2023 by filesadmin

Following a change in ownership, Poonawalla Housing Finance has been rebranded as Grihum Housing Finance with global private equity firm TPG

Alphabet-backed Aye Finance bags ₹310-cr Series F funding led by British International Investment

Posted on December 13, 2023 by filesadmin

Aye Finance, a non-banking finance company, has entered into definitive agreements for raising ₹310 crore in a Series F funding

RCap writes to IRDAI, says approval for insurance stake transfer sought to avoid delays

Posted on December 13, 2023 by filesadmin

Reliance Capital has written to the Insurance Regualtory and Development Authority of India (IRDAI) explaining that prior approval for transfer

Spandana Sphoorty aims to shift 75% portfolio to weekly repayments by FY28

Posted on December 12, 2023 by filesadmin

Spandana Sphoorty Financial is aiming to shift 30 per cent of its portfolio to weekly repayments by the end of

CCI approves Temasek, India Business Excellence Fund-IV stake buy in Niva Bupa Health Insurance

Posted on December 12, 2023 by filesadmin

The Competition Commission of India (CCI) on Tuesday said it has given its nod for Temasek controlled entity’s stake buy

At ₹31,692 crore, digital lending increases 40% in Q2: Report

Posted on December 12, 2023 by filesadmin

The Fintech Association for Consumer Empowerment (FACE) member companies disbursed loans worth ₹31,692 crore during September quarter, indicating a 43