Tag: NBFC

Zomato withdraws NBFC application and says it has no plans to get into credit business

Posted on July 2, 2024 by filesadmin

Food and delivery major Zomato has decided not to go ahead with its plans to foray into the lending business.

NBFCs eye overseas fund raise as RBI tightens fund flow

Posted on June 13, 2024 by filesadmin

Non-banking Finance Companies (NBFCs) will soon explore overseas market for fund raising with RBI restricting banks investment in them as

Insurtech start-up Finsall raises ₹15 crore in bridge round led by Unicorn India Ventures and Seafund

Posted on June 13, 2024 by filesadmin

Insurance-first “buy now, pay later” (BNPL) start-up Finsall has raised ₹15 crore in a bridge round, led by Unicorn India

Canara Bank seeks regulatory nod to convert software subsidiary into NBFC

Posted on June 3, 2024 by filesadmin

Canara Bank has initiated the process of seeking regulatory approval to convert its software services and products subsidiary into a

IIFL Samasta Finance to raise up to Rs 1,000 crore via secured bonds

Posted on June 1, 2024 by filesadmin

2 min read Last Updated : Jun 01 2024 | 7:08 PM IST IIFL Samasta Finance, a non-banking microfinance

NBFC: Revolutionising agricultural finance

Posted on June 1, 2024 by filesadmin

In the evolving landscape of agricultural finance, non-banking financial companies (NBFCs) have become pivotal agents of change. Traditionally underserved by

Provisioning impact of draft project finance norms seen at 10-20 bps for banks

Posted on May 28, 2024 by filesadmin

Mumbai The impact of RBI’s draft project finance norms on incremental provisioning for public sector banks is estimated to be up

Educational lending platform Propelld raises $25 million for NBFC arm Edgro

Posted on May 20, 2024 by filesadmin

Propelld, a fintech start-up that offers educational funding, has raised $25 million for its wholly-owned non-banking financial company (NBFC) subsidiary

Banks, NBFCs expand sales team amid digital clampdown

Posted on May 19, 2024 by filesadmin

Banks and non-banking financial companies (NBFCs), focussed on retail lending and microfinance, are beefing up their sales teams, especially in

Strong credit demand to support NBFCs’ profitability despite rising funding costs

Posted on May 15, 2024 by filesadmin

Even as funding costs for NBFCs are rising, strong credit demand fuelled by robust economic growth will support the sector’s profitability. Further, robust

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