NBFCs

Banks are gaining market share at the expense of non-bank lenders such as housing finance companies, retail lenders, and those giving gold loans. There has been a steady decline in the market share of non-banking financial companies…

NEW DELHI: Microfinance loansin the country grew by nearly 11 per cent to Rs 71,916 crore during the second quarter of the current fiscal, industry data showed. Microfinance loans worth Rs 64,899 crore were disbursed during the same period…

Fintech startup Finezza is in discussions with NBFCs, especially in the domains of education loan and SME lending, for its soon-to-be-launched co-lending management solution platform, its CEO Krishnan Iyer said. Iyer, who is also the…

Non-banking financial companies-microfinance institutions (NBFC-MFIs) have reported a healthy rebound in the growth in their assets under management (AUM) in the second half of 2021-22 after having witnessed subdued growth in the first half…

Mumbai: The RBI has included Tata Sons and Dilip Shanghvi’s Shanghvi Finance in the list of 16 NBFCs which will come under more scrutiny. While most large NBFCs were expected to be part of the list, the investment vehicles being included…

The Reserve Bank of India (RBI) is not currently looking at allowing non-banking financial companies (NBFCs) to issue credit cards, a CNBC TV-18 report said. It added that the “issue of allowing NBFCs to issue credit cards is not on the…

Following an acquisition spree beginning earlier this year, Financial infrastructure provider M2P has launched its core lending stack as it bets big on providing lending application programming interface (API) infrastructure to banks and…

Last month, the central bank tightened norms for 'digital lending' to prevent charging of exorbitant interest rates by certain entities and also check unethical loan recovery practices Last month, the central bank tightened norms for…

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A number of fintech companies and NBFCs "backed by" Chinese funds have generated proceeds of crime worth more than Rs 940 crore by indulging in predatory lending activities and violating RBI guidelines while operating in India, the…