Category: Banking & Financial Services

NBFCs maintain growth in Q1, wary of rising unsecured retail leverage

Non-banking financial companies (NBFCs) maintained their growth momentum in Q1 FY24 led by strong demand for retail, especially unsecured, loans

Reliance General Insurance has raised ₹200 crore as equity capital from promoter Reliance Capital in order to bolster its financial

Federal Bank subsidiary Fedbank Financial Services (FedFina) is aiming to raise up to ₹1,400 crore through an Initial Public Offering

Less than five years after a NBFC crisis spooked India’s financial sector and forced a retreat by lenders from all

StreeNidhi Credit Cooperative Federation posted a 17 per cent growth in net profit at ₹135 crore in 2022-23 compared with

The Reserve Bank of India’s Digital Payments Index, a measure of the extent of digitisation of payments across the country,

IDFC First Bank posted a net profit of ₹765 crore for Q1 FY24, up 61 per cent y-o-y, driven by strong

KFin Technologies posted a net profit of ₹43.4 crore for Q1 FY24, up 15.9 per cent y-o-y led by 7.6

The Federal Reserve, European Central Bank and Bank of Japan headlined a pivotal week for central banks, with US and

Bank of India (BoI) reported a 176 per cent jump in first quarter standalone net profit at ₹1,551 crore against