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New Delhi, July 9 (SocialNews.XYZ) Gross loan advances by non-banking financial companies (NBFCs) have grown significantly, doubling from Rs 24 lakh crore as of March 2021 to Rs 48 lakh crore as of March 2025, Finance Minister Nirmala Sitharaman said on Wednesday. Addressing the 'NBFC Symposium 2025' here, she said NBFCs have emerged as an important source of credit for segments that have historically been underserved or excluded. "The NBFC ecosystem has over 9,000 registered entities, which r ...Read More >
New Delhi: Non-banking financial companies (NBFCs) will be central to India's journey towards becoming a Viksit Bharat (developed nation) by 2047, but they must follow responsible and transparent lending practices, finance minister Nirmala Sitharaman said on Wednesday. Addressing the NBFC Symposium 2025, organized by the department of financial services (DFS) in New Delhi, Sitharaman said interest rates must remain reasonable, rate cuts must be passed on to borrowers, and all charges must be cl ...Read More >
New Delhi, Jul 9 (PTI) Finance Minister Nirmala Sitharaman on Wednesday asked NBFCs not to aggressively market or push loans to customers and said financial inclusion cannot be used as a pretext for "financial exploitation". She also asked non-banking financial companies (NBFCs) to adhere to the Reserve Bank of India's loan recovery norms strictly, and keep interest rates at reasonable levels. Addressing an NBFC Symposium 2025 here, Sitharaman said there should be deep collaboration between NB ...Read More >
New Delhi [India], July 9 (ANI): A sustained revival in vehicle sales is critical for long-term growth in the Non-Banking Financial Companies (NBFC) and insurance sectors, according to a report by Emkay Research. While there is a broad consensus that stress in microfinance institutions (MFIs) and unsecured personal loans (PLs) is largely behind, so a pick-up in vehicle sales is now essential for continued recovery. It stated, 'MFI revival and unsecured PL stress being largely behind is now a c ...Read More >
New Delhi [India], July 9 (ANI): A sustained revival in vehicle sales is critical for long-term growth in the Non-Banking Financial Companies (NBFC) and insurance sectors, according to a report by Emkay Research. While there is a broad consensus that stress in microfinance institutions (MFIs) and unsecured personal loans (PLs) is largely behind, so a pick-up in vehicle sales is now essential for continued recovery. Also Read | PM Modi Conferred With Brazil's Highest Civilian Award: Yogi Aditya ...Read More >
New Delhi [India], July 9 (ANI): A sustained revival in vehicle sales is critical for long-term growth in the Non-Banking Financial Companies (NBFC) and insurance sectors, according to a report by Emkay Research. While there is a broad consensus that stress in microfinance institutions (MFIs) and unsecured personal loans (PLs) is largely behind, so a pick-up in vehicle sales is now essential for continued recovery. It stated, MFI revival and unsecured PL stress being largely behind is now a co ...Read More >
New Delhi [India], July 9 (ANI): The Competition Commission of India (CCI) approved the acquisition of wealth and lending units of UBS AG by 360 ONE Group entities. According to the Competition Commission of India, the transaction involves the transfer of key financial services operations, including portfolio management, stock broking, distribution, and lending from UBS AG to the 360 ONE entities. The proposal approved by the Competition Commission suggests that 360 ONE Portfolio Managers Limi ...Read More >
New Delhi: The NBFC and insurance segments are expected to perform better in the second half of FY26, supported by a friendlier regulatory environment and continued growth push from both regulators and the government, according to a report by Emkay Research. The report noted that easing regulations in both the NBFC and insurance sectors, along with growth-focused measures by authorities, are setting the stage for a stronger performance in the second half of the fiscal year. It stated, "Easing ...Read More >
New Delhi [India], July 9 (ANI): The NBFC and insurance segments are expected to perform better in the second half of FY26, supported by a friendlier regulatory environment and continued growth push from both regulators and the government, according to a report by Emkay Research. The report noted that easing regulations in both the NBFC and insurance sectors, along with growth-focused measures by authorities, are setting the stage for a stronger performance in the second half of the fiscal year ...Read More >
New Delhi: Tata Group's main holding company Tata Sons holds a 93% stake in its financial services company Tata Capital. The value of this stake is now estimated at around Rs 98,178 crore (ie about $ 11.4 billion). This value of Tata Capital has been derived on the basis of the rights issue held in March, in which the price per share was kept at Rs 281. Tata Capital's FY25 annual report states its total equity value as Rs 1.05 lakh crore, on the basis of which it is ranked eighth among India's t ...Read More >
NewsVoir Pune (Maharashtra) [India], July 7: For today's go-getters and ambitious entrepreneurs and businesses, accessing quick business finance just got a lot more rewarding. Bajaj Finance Limited has launched 'Loan Utsav', a limited-time festive campaign designed to empower business owners with loans up to Rs. 80 lakh -- and exciting rewards like cashback up to Rs. 3,000 and brand vouchers to go with it. The Loan Utsav offer is valid from June 20, 2025, to July 31, 2025, and is available exc ...Read More >
New Delhi: Billionaire Gautam Adani-led group's flagship firm on Sunday announced a Rs 1,000 crore NCD issue offering up to 9.30 per cent per annum. The issue opens on Wednesday, July 9, 2025, and closes on July 22, a company statement said. It offers an effective yield of up to 9.30 per cent per annum. This is Adani Enterprises' second public issuance of secured, rated, listed redeemable, non-convertible debentures. "The second public issuance of NCDs by AEL, further deepens our commitment to ...Read More >
Ahmedabad (Gujarat) [India], July 6 (ANI): Adani Enterprises Limited, the flagship company of the Adani Group and India's largest listed business incubators in terms of market capitalization with a long track record of creating sustainable infrastructure businesses since 1993, has announced the launch of its second public issuance of secured, rated, listed redeemable, non-convertible debentures. AEL's first NCD issuance of Rs 800 crore, launched in September last year, was fully subscribed on t ...Read More >
New Delhi, Jul 6 (PTI) Billionaire Gautam Adani-led group's flagship firm on Sunday announced a Rs 1,000 crore NCD issue offering up to 9.30 per cent per annum. The issue opens on Wednesday, July 9, 2025, and closes on July 22, a company statement said. It offers an effective yield of up to 9.30 per cent per annum. This is Adani Enterprises' second public issuance of secured, rated, listed redeemable, non-convertible debentures. "The second public issuance of NCDs by AEL, further deepens our ...Read More >
Mumbai, Jul 2 (PTI): The Reserve Bank of India (RBI) on Wednesday instructed banks and other financial institutions not to levy any pre-payment charges on all floating rate loans and advances, including those taken for meeting business objectives by individuals and micro and small enterprises (MSEs). These new rules will be enforced on all loans which are sanctioned or renewed on or after January 1, 2026. According to the current norms, banks and NBFCs are already not permitted to impose forecl ...Read More >
Ahmedabad: Gujarat RERA has observed serious loopholes in loan practices by builders and non-banking finance companies (NBFCs) for project loans, including mortgaging unsold inventories of other projects and even disbursement without RERA registration. The authority has decided to raise the issue with the state finance department to take it to the Reserve Bank of India (RBI). GujRERA believes that to protect rights of buyers, there is a need for a standard operating procedure for real estate pro ...Read More >
New Delhi: After Steller debut Emkay Global has shown confidence in HDB Financial Services, setting a target price of Rs 900 per share and giving a 'Buy' rating. This target shows a possible upside of about 22 percent from the IPO issue price of Rs 740. Strong Market Debut On July 2, HDB Financial Services made an strong debut on the stock market, listing at Rs 835 per share -- a 13 percent premium over its IPO price. This strong start shows robust investor interest and confidence in the compa ...Read More >
New Delhi: The Reserve Bank of India has directed banks and other lenders not to charge pre-payment penalties on all floating-rate loans and advances, including for business purposes, availed by individuals and micro and small enterprises (MSEs). RBI's direction will applicable to all loans and advances sanctioned or renewed on or after January 1, 2026. Reserve Bank in its directive has mentioned that certain REs have been found to include restrictive clauses in loan contracts/ agreements to d ...Read More >
Pune (Maharashtra) [India], July 3: Unlock higher loan amounts, convenient repayment options, and simplified application processes with Bajaj Finserv Gold Loan. Gold has always been a trusted asset in Indian households. From being passed down as family heirlooms to symbolising love and celebrations, gold holds emotional and financial value. But beyond adornment, gold is also becoming a helpful tool for managing unexpected expenses. This is where gold loans come in--a simple way to raise funds by ...Read More >
Mumbai (Maharashtra) [India], July 3 (ANI): In a major relief for borrowers, the Reserve Bank of India (RBI) has announced that banks and other regulated lenders will no longer be allowed to impose pre-payment charges on loans taken by individuals for purposes other than business. The RBI observed that some lenders were using restrictive clauses in loan contracts to discourage borrowers from switching to other lenders offering better interest rates or services. As per the new guidelines releas ...Read More >
Mumbai (Maharashtra) [India], July 3 (ANI): In a major relief for borrowers, the Reserve Bank of India (RBI) has announced that banks and other regulated lenders will no longer be allowed to impose pre-payment charges on loans taken by individuals for purposes other than business. The RBI observed that some lenders were using restrictive clauses in loan contracts to discourage borrowers from switching to other lenders offering better interest rates or services. Also Read | Amarnath Yatra 2025: ...Read More >
The Reserve Bank of India has advised banks to integrate the Financial Fraud Risk Indicator tool developed by the Department of Telecom to curb online fraudulent transactions. This system classifies mobile numbers based on fraud risk using data from various sources. Leading institutions are already using the platform, potentially saving millions from cyber fraud.The Reserve Bank of India has advised all banks to integrate the Financial Fraud Risk Indicator tool developed by the Department of Tel ...Read More >
MUMBAI: RBI has directed banks and NBFCs to stop levying pre-payment charges on all loans granted for business purpose to individuals and MSEs, with or without co-obligant(s). Small finance bank, urban co-operatives and regional rural banks shall also not levy any pre-payment charges on loans with sanctioned amount/ limit up to ₹50 lakh. The directions are applicable irrespective of the source of funds used for pre-payment of loans, either in part or in full, and without any minimum lock-in per ...Read More >
Mumbai: Bank lending in India continues to remain rather circumspect despite a reduction of a full percentage point in policy rates this year. Lending rose 9.6% year-on-year until mid-June, compared with 19.1% a year ago. Loans to large corporates, home loans and loans to NBFCs continue to remain soft. Credit to large corporations has risen 1% in May compared to 7.1 % a year ago. Even home loans rose 9% compared to 38.7% a year ago, showed the Reserve Bank of India's (RBI) latest data on sector ...Read More >
Kolkata: The CBI on Wednesday filed a supplementary charge sheet in the 2021 murder case of BJP worker Abhijit Sarkar, who was killed during post-election violence in Kankurgachhi. The charge sheet names Beleghata MLA Paresh Pal, Kolkata Municipal Corporation councillors Swapan Samaddar and Papiya Ghosh, along with 15 others.In the FIR, Sarkar's mother Madhabi said that on May 2, 2021, eight persons barged into their house at Narkeldanga around 3 pm and started enquiring about her son. The miscr ...Read More >
Mumbai: HDB Financial Services made its debut Wednesday on bourses at ₹835, a premium of 13% over its issue price of ₹740 on NSE. The stock closed 0.6% higher at ₹840.25. The IPO comprised a fresh issue of ₹2,500 crore with an offer for sale of ₹10,000 crore by HDFC Bank. HDB Financial Services is the most subscribed billion-dollar IPO since the Zomato issue four years ago, and the largest non-banking financial company (NBFC) IPO so far. Analysts said investors can choose to hold the stock fro ...Read More >
Pune: Passengers on board a Goa to Pune SpiceJet flight (SG-1080) had a scare on Tuesday evening when a window panel was found dislodged while the plane was mid-air.The airline played down the incident, saying the window part that had come off was "a non-structural trim component, fitted onto the window for the purpose of shade".But a person on board the plane -- a Bombardier Q400 -- told TOI the incident triggered anxiety among the passengers. "Two to three layers of the window panel just came ...Read More >
MUMBAI: Credit to small businesses and advances in the personal loans segment have helped keep the year-to-date growth in bank credit in positive territory.According to data on sectoral deployment of bank credit as of May 2025 released by Reserve Bank of India, overall bank credit grew 0.2% from end March 2025 levels. The growth over 12 months (year-on-year) was 9%. The sluggish growth in credit was because of credit to large industries shrinking by 3.8% Rs 26.8 lakh crore - a drop of Rs 1.06 la ...Read More >
Mumbai, The RBI on Wednesday directed banks and other lenders not to levy any pre-payment charges on all floating-rate loans and advances, including for business purposes, availed by individuals and micro and small enterprises (MSEs). The directions will be applicable to all loans and advances sanctioned or renewed on or after January 1, 2026. In terms of extant guidelines, banks and NBFCs are not permitted to levy foreclosure charges/pre-payment penalties on any floating rate term-loan sancti ...Read More >
Nagpur: Congress Legislature Party leader Vijay Wadettiwar questioned the govt's priorities on Tuesday, highlighting the increasing number of farmer suicides in Maharashtra. He accused the govt of neglecting agrarian crisis while approving Rs20,000 crore for Shaktipeeth highway project."Money is available for massive infrastructure projects, but where is the budget for farm loan waivers as promised by the BJP before last year's assembly polls to the farmers?" Wadettiwar asked while moving an adj ...Read More >
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