NBFCs


RoC Penalizes Nidhi Firms For Violations

World - Published date: .

In some cases, the same entity was penalized for violating the rules over a few years, the orders showed. Read more

Srei Promoters Dispute Insolvency Proceedings; Next Hearing On March 31

Banking - Published date: .

Government had suspended fresh insolvency proceedings through an ordinance in June 2020 Read more

Shriram Finance Aims To Raise $2.44 Bn In FY24 To Fund Growth: Official

Banking - Published date: .

The retail non-banking finance company (NBFC) aims to grow its assets under management (AUM) by 15% in fiscal 2024 to ar... Read more

RBI Lifts Ban On M&M Finance For Outsourcing Recovery, Repossession Agents

Banking - Published date: .

On September 22, the regulator barred Mahindra Finance from carrying out any recovery or repossession activity through o... Read more

Piramal Enterprises Posts Net Loss Of Rs 1,536 Cr On Higher Provisions

Banking - Published date: .

PEL has moved Rs 5,888 crore worth of wholesale assets from Stage 1 to Stage 2 as the management believed there could be... Read more

LIC Increases Stake In Capri Global Capital, Hero MotoCorp And HUL

Banking - Published date: .

The acquisition of the incremental stake in Capri Global Capital Ltd happened at an average cost of Rs 624.61 and that f... Read more

LIC Hikes Stake In Capri Global Capital To Over 7% For Rs 221 Cr

Banking - Published date: .

Acquires about 3.6 mn shares at an average price if Rs 624.61 a share Read more

B2B E-commerce Platform OfBusiness Raises $325 Mn At $5 Bn Valuation

Banking - Published date: .

Delhi-based startup that sells industrial goods online and provides financing to small businesses. Read more

Kirloskar Oil Engines To Invest Rs 250 Crore More In NBFC Business

Banking - Published date: .

They also announced plans to monetise its 50-acre land bank in its base of Pune for its realty company Avante Spaces Read more

Small Business Lender Five Star Gets $234 Mn In New Investment Round

Banking - Published date: .

Chennai-based registered non-banking finance company will use the capital to expand its business. Read more

Fullerton India CEO Nambiar Quits, Firm Reshuffles Senior Management

Banking - Published date: .

NBFC also announced senior leadership changes Read more

RBI To Conduct Special Audit Of Srei Infrastructure Finance, Subsidiary

Banking - Published date: .

In a notification to the exchanges, the lender said, RBI has appointed an auditor to conduct a special audit in exercise... Read more

DHFL Seeks Loan Dues Of Rs 112 Cr From Pune-based Realtor, Guarantors

Banking - Published date: .

The PNG Jewellers statement said the company is neither an investor nor a partner in Landscape Realty, and added that th... Read more

Unlisted NCDs May Be Treated As Terms Loans, Carry RBI Moratorium Benefit

Banking - Published date: .

Sebi is likely to allow corporate houses to treat unlisted non-convertible debentures as 'term loans'. Read more