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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 >
July 2 (Reuters) - Airport restaurants operator Travel Food Services has set a price band of 1,045 rupees-1,100 rupees for its initial public offering, a newspaper ad showed on Wednesday, following HDB Financial Services' blockbuster IPO. The price band values Travel Food Services, which plans to raise 20 billion rupees ($233.49 million) via a three-day share sale beginning July 7, at 144.8 billion rupees ($1.69 billion) at the upper end of the range. The issue will consist solely of the compa ...Read More >
Mumbai, July 2 (SocialNews.XYZ) The soundness and resilience of India's scheduled commercial banks are bolstered by robust capital buffers, multi-decadal low non-performing loans and strong earnings, according to the RBI's latest Financial Stability report. The country's scheduled commercial banks continued to record improvement in their asset quality, with the GNPA ratio and NNPA ratio declining to multi-decadal lows of 2.3 per cent and 0.5 per cent, respectively, the report states. While ove ...Read More >
New Delhi: The mutual fund exposure in the non-banking financial companies (NBFCs) grow 32.5 per cent to reach Rs 2.77 lakh crore in May, according to a new report. This year-on-year growth was driven by commercial papers (CPs) and corporate debt, which remained over Rs 2 lakh crore for 14 consecutive months, according to a CareEdge Ratings report. The previous records were Rs 2.69 lakh crore in April this year and Rs 2.64 lakh crore in July 2018. However, the share of NBFC credit in total ba ...Read More >
Mumbai, July 2 (SocialNews.XYZ) The Indian benchmark indices opened higher on Wednesday amid positive global cues, as buying was seen in the IT and auto sectors in the early trade. At around 9.23 am, Sensex was trading 225.5 points or 0.27 per cent up at 83,922.79 while the Nifty added 58.75 points or 0.23 per cent at 25,600.55. According to analysts, after breaking the 24,500-25,000 range, Nifty has moved to the new range of 25,200-25,800. Positive news about a possible trade deal between In ...Read More >
Mumbai | July 2, 2025 -- HDB Financial Services, India's largest non-banking financial company (NBFC) in the IPO market this year, is making its much-anticipated stock market debut today on the NSE and BSE. Backed by HDFC Bank, the public issue raised ₹12,500 crore, attracting enthusiastic participation from institutional and retail investors alike. Also Read: "Infosys Unveils 'Work-Life Balance' Policy After Murthy's 70‑Hour Week Proposal" The initial public offering (IPO) opened on June 25 a ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police ...Read More >
Mumbai: Bank credit growth to non-banking financial companies (NBFCs) continues to lose steam, even after the Reserve Bank of India (RBI) rolled back tighter risk-weight norms earlier this year to support the sector. Experts said NBFCs are increasingly turning to bond markets for cheaper and quicker funding, while stress in microfinance and unsecured business loans has made banks cautious. Data from the RBI showed that in May 2025, bank credit to NBFCs fell by 0.3% year-on-year (y-o-y) to ₹15.6 ...Read More >
Mumbai, July 1: The allotment for the highly anticipated HDB Financial Services IPO has been completed as of June 30, following a robust three-day subscription period. The HDFC Bank-backed non-banking financial company is now set to make its stock market debut on July 2, as per the tentative schedule. Also read: "Tesla Tumbles: Is Trump-Musk Feud Fueling the Crash?" Investors who participated in the IPO can check their allotment status through the official IPO registrar's website or on BSE's I ...Read More >
New Delhi [India], July 1 (ANI): India's gold loan market has increased from USD 33 billion in FY19 to USD 83 billion in FY24, growing at a compound annual growth rate (CAGR) of 20 per cent, according to Praxis Global Alliance report. Gold loans have always been a popular way for Indians to borrow money. With a strong cultural link to gold, many families keep gold as part of their savings. Also Read | WWE RAW Results and Highlights Today, June 30: The Judgment Day Win World Tag Team Belts, Set ...Read More >
New Delhi: India's gold loan market has increased from USD 33 billion in FY19 to USD 83 billion in FY24, growing at a compound annual growth rate (CAGR) of 20 per cent, according to Praxis Global Alliance report. Gold loans have always been a popular way for Indians to borrow money. With a strong cultural link to gold, many families keep gold as part of their savings. Borrowing against gold is quick and easy, making it a preferred option for people from all income groups. The market includes b ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Gove ...Read More >
MUMBAI: India's banking sector has shown spectacular improvement in asset quality as gross non-performing assets (NPAs or bad loans) touched a decadal low of 2.3% in March 2025, the Reserve Bank of India said in its Financial Stability Report, released on Monday. However, the report forecasts a marginal 20 basis-point rise in gross NPAs by March 2027 to 2.5% in a normal scenario and 5.6% in an extreme adverse scenario. "The soundness and resilience of commercial banks are bolstered by robust ca ...Read More >
New Delhi [India], June 30 (ANI): Despite an uncertain and challenging global economic backdrop, the Indian economy remains a key driver of global growth -- underpinned by sound macroeconomic fundamentals and prudent macroeconomic policies, RBI said in its latest Financial Stability Report. Elevated economic and trade policy uncertainties are testing the resilience of the global economy and the financial system. Also Read | 'I Stand Firmly With Diljit': Actor Naseeruddin Shah Comes Out in Supp ...Read More >
June 30 (Reuters) - India's final rules easing provisions for loans to under-construction infrastructure projects are likely to revive credit growth in the sector, Moody's Ratings said on Monday. The Reserve Bank of India earlier this month cut the provisioning requirement to 1% from a proposed 5%, a move expected to boost banks' willingness to fund infrastructure developments, Moody's said. "We expect the guidelines' finalization will reduce uncertainty in project financing and support medium ...Read More >
MUMBAI: The IPO segment of the market is back to its glory days again. On Friday, the Rs 12,500-crore maiden offer for HDB Financial, an arm of HDFC Bank, was subscribed nearly 17 times with the total demand worth almost Rs 1.6 lakh crore. The IPO is set to become India's most sought after large (over $1 billion or about Rs 8,500 crore) listing in at least four years on heavy bidding from foreign and domestic investors.Before the IPO opened on Wednesday, the NBFC had raised Rs 3,369 crore from a ...Read More >
New Delhi: The government is set to exempt non-bank lenders registered with the International Financial Services Centres Authority (IFSCA) from the Companies Act provisions governing loans, guarantees, and investments made by companies. The ministry of corporate affairs said in an order that it has received a request from IFSCA for such an exemption to finance companies registered with it, which is aligned with similar exemption to non-bank lenders registered with the Reserve Bank of India (RBI ...Read More >
New Delhi, Jun 27 (PTI) The initial share sale of HDB Financial Services Ltd, a subsidiary of HDFC Bank, got subscribed 16.69 times on the closing day of bidding on Friday, amid encouraging participation from institutional buyers. The initial public offer (IPO) received bids for 2,17,67,62,140 shares against 13,04,42,855 shares on offer, according to details available on the NSE. Qualified Institutional Buyers (QIBs) part garnered 55.47 times subscription while the category for non-institution ...Read More >
Kochi: Muthoot Capital Services Ltd has announced plans to raise ₹100 crore through a private placement of non-convertible debentures (NCDs). The company will issue 10,000 NCDs, each worth ₹1 lakh. The Kochi-based non-banking financial company (NBFC) said that the debentures will carry an annual coupon rate of 10.35 per cent. Non-convertible debentures are a type of debt instrument issued by companies to raise money from investors. They are called non-convertible because they cannot be convert ...Read More >
New Delhi, Jun 27 (PTI) Education loan provider Credila Financial Services has filed its updated draft papers with capital markets regulator Sebi to raise Rs 5,000 crore through the initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,000 crore and an offer for sale (OFS) of shares for Rs 2,000 crore by promoter entity and an investor, aggregating the total size of the public issue to Rs 5,000 crore, according to the updated draft red herring prosp ...Read More >
New Delhi, Jun 27 (PTI) Education loan provider Credila Financial Services has filed its updated draft papers with capital markets regulator Sebi to raise Rs 5,000 crore through the initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,000 crore and an offer for sale (OFS) of shares for Rs 2,000 crore by promoter entity and an investor, aggregating the total size of the public issue to Rs 5,000 crore, according to the updated draft red herring prosp ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Redd ...Read More >
Mumbai : Bank Nifty closed at a record high on Thursday, riding a bullish wave, as liquidation of bearish positions ahead of the expiry of the June derivative contracts fuelled the upmove. The index comprising shares of 12 top lenders advanced for the third consecutive session, surging 1% to 57,206.70 on Thursday, the highest closing level. Technical analysts said the index is expected to be at 57,500-58,000 levels in the near term and outperform the benchmark Nifty. "Bank Nifty has witnessed ...Read More >
New Delhi, Jun 26 (PTI) The Delhi government plans to honour the legacy of Guru Tegh Bahadur with series of cultural and educational initiatives, which will include a daily light and sound show and the renovation of his memorial near the Singhu Border here. The announcement was made following a consultative meeting chaired by Art and Culture Minister Kapil Mishra and Environment Minister Manjinder Singh Sirsa with prominent community leaders and members of the Delhi Sikh Gurdwara Management Com ...Read More >
MUMBAI: Three initial public offers (IPOs) that closed on Thursday, together eyeing to garner Rs 2,562 crore, received bids aggregating nearly Rs 22,500 crore. Globe Civil Projects with an IPO size of Rs 119 crore was subscribed 86 times, Ellenbarrie Industrial Gases' Rs 853-crore offer was subscribed 22 times while Mumbai-based real estate major Kalpataru's Rs 1,590 crore IPO was subscribed 2.3 times, data from the exchanges and merchant bankers showed.Two more IPOs on the main board-Rs 12,500- ...Read More >
New Delhi, June 26: Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal on Thursday inaugurated the Sagarmala Finance Corporation Limited (SMFCL), India's first Non-Banking Financial Company (NBFC) in the maritime sector. Formerly known as the Sagarmala Development Company Limited, the SMFCL is now positioned to play a transformative role in India's maritime infrastructure development. A Mini Ratna Central Public Sector Enterprise, the SMFCL has been formally registered as an NBFC ...Read More >
NEW DELHI: Union home minister Amit Shah on Thursday said that Hindi was a "friend to all Indian languages", adding that there should be "no opposition" to any foreign tongues. This comes as several political parties have criticised the Centre over three-language policy, accusing it of Hindi imposition."I sincerely believe that Hindi can't be opposed ('virodhi') to any Indian language. Hindi is a friend ('sakhi') of all Indian languages," Amit Shah said. Shah was addressing the golden jubilee ce ...Read More >
New Delhi, Jun 26 (PTI) Union Minister Sarbananda Sonowal on Thursday launched the country's first non-banking financial company in the maritime sector -- Sagarmala Finance Corporation Ltd (SMFCL). As a sector-specific NBFC, SMFCL is set to bridge financing gaps in the maritime sector and catalyse economic growth, the minister of Ports, Shipping and Waterways said. Also Read | What Are the New Metro Compensation Rules in India? Ministry of Housing and Urban Affairs Enhances Payouts for Death a ...Read More >
New Delhi, Jun 26 (PTI) Union Minister Sarbananda Sonowal on Thursday launched the country's first non-banking financial company in the maritime sector -- Sagarmala Finance Corporation Ltd (SMFCL). As a sector-specific NBFC, SMFCL is set to bridge financing gaps in the maritime sector and catalyse economic growth, the minister of Ports, Shipping and Waterways said. The corporation will provide financial products -- including short, medium, and long-term funding -- to a diverse range of stakeho ...Read More >
New Delhi, Jun 26 (PTI) The initial share sale of HDB Financial Services Ltd, a subsidiary of HDFC Bank, subscribed 1.16 times on day two of the offer on Thursday. The Rs 12,500-crore initial public offer (IPO) received bids for 15,11,23,780 shares against 13,04,42,855 shares on offer, according to details available on the NSE. Non-institutional investors part attracted 2.29 times subscription, while the quota for qualified institutional buyers (QIBs) subscribed 90 per cent. The portion for re ...Read More >
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