NBFC: News
HDFC Bank's NBFC arm files for ₹12,500 crore IPO
HDB Financial Services, the non-banking financial company (NBFC) subsidiary of HDFC Bank, has filed for an initial public offering (IPO) of up to ₹12,500 crore ($1.49 billion).
Zomato withdraws NBFC licence application, exits lending business
Zomato, the food and grocery delivery giant, has decided to withdraw its application for a non-banking financial company (NBFC) licence.
Aditya Birla Capital set to launch comprehensive fintech super app
Aditya Birla Capital Ltd., a leading non-banking financial company (NBFC) in India, is preparing to launch an all-encompassing fintech super app named 'ABCD.'
RBI imposed Rs. 40.4cr penalties on financial institutions in FY23
The Reserve Bank of India (RBI) has slapped financial institutions with penalties totaling Rs. 40.39 crore during the 2022-23 fiscal year, according to Minister of State for Finance Bhagwat Karad.
IREDA's shares list 56% higher than IPO price
The India Renewable Energy Development Agency (IREDA) made a remarkable debut on November 29, with shares listing at a 56.25% premium to the issue price of Rs. 32.
Jio Financial Services aims to raise Rs. 10,000cr via bonds
Jio Financial Services (JFS), a subsidiary of Reliance Industries Ltd (RIL), is planning its first bond issuance, with the goal of raising between Rs. 5,000 crore and Rs. 10,000 crore.
IREDA IPO opens November 21: All you need to know
Indian Renewable Energy Development Agency (IREDA) is preparing to launch an initial public offering (IPO) valued at Rs. 2,150 crore on November 21.
Jio Financial's Q2 net profit jumps 101% to Rs. 668cr
Jio Financial Services has announced its first-ever quarterly results since going public in August.
Harassed by loan sharks, debtors commit suicide, unearthing multi-crore scam
The unfortunate demise of three people in Telangana, allegedly due to harassment of loan sharks, led police to unearth a multi-crore scam.
Fintech start-up BharatPe secures $75 million in funding: Details here
BharatPe, a fintech start-up helping small Indian businesses and merchants go digital, has secured $75 million in a Series C round of funding.
Xiaomi Mi Credit re-launched: How to apply for a loan
Xiaomi has re-launched its Mi Credit platform in India as an improved version of the service that first went live in May last year.
Kogta Financial raises Rs. 300 crore in Series C round
Kogta Financial (India) Limited, a Jaipur-based non-banking financial company (NBFC), has raised Rs. 300 crore in Series C round of funding.
Financial Bytes: Five reasons why filing income tax is beneficial
Filing income tax returns (ITRs) on time every year is very important and individuals having an annual income of Rs. 2.5 lakh or more have to file ITRs mandatorily.
#FinancialBytes: Need cash urgently? These 5 companies provide instant loans
The Internet has revolutionized the way we live and almost everything we do, including borrowing money at the click of a button.
#FinancialBytes: Need cash urgently? These 5 companies provide instant loans
The Internet has revolutionized the way we live and almost everything we do, including borrowing money at the click of a button.
RBI board meeting: Key issues to be discussed
Amid tensions between the government and the Reserve Bank of India (RBI), the RBI, board, on Monday, started a meeting to try and work out its differences with the government pertaining to policy.
Government would take measures to ensure liquidity in NBFCs: Jaitley
Seeking to calm the nerves of worried investors, Finance Minister Arun Jaitley said today government would take all measures to ensure adequate liquidity for non-banking financial companies (NBFCs) and mutual funds.
Finance Ministry issues list of 9,500 'high-risk' financial companies
As authorities probe the biggest banking fraud in Indian history, the Finance Ministry has released a list of nearly 9,500 'high-risk' non-banking financial companies (NBFCs).
SEBI allows REITs, InvITs to raise funds by issuing bonds
In order to woo more investors into the cash-strapped property sector, Securities and Exchange Board of India (SEBI) has relaxed its norms and will now allow real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), listed on national stock exchanges, to raise funds by issuing debt securities.
Reliance AIF to raise Rs. 1,000 crore debut fund
Reliance AIF, a unit of Reliance Nippon Life Asset Management, is raising its first credit fund of Rs. 1,000 crore called Reliance Yield Opportunity AIF Scheme 1, starting this March.
RBI provides loan repayment window of 90 days
After the central bank announced measures to increase the loan repayment window for borrowers to 60 days last month, the RBI has now announced that it will extend the window to 90 days.
RBI issues new guidelines for on-tap bank licenses
The Reserve Bank of India (RBI) came up with new guidelines for on-tap bank licensing paving way for those who are interested in seeking licenses whenever required.