RBI penalises 8 banks, 1 NBFC; cancels licences of 2 NBFCs
RBI imposes financial penalty of ₹2.3 crore on Spandana Sphoorty; penalty imposed on banks ranges from ₹1 lakh to ₹40 lakh
nbfc
August 2022
July 2022
April 2022
January 2022
December 2021
Bajaj Finserv share jumps 9% on bonus, stock split plan; Q1 profit zooms 159%
Bajaj Finserv reports the highest ever quarterly consolidated profit after tax of ₹2,596 cr in June quarter of 2022, compared to ₹1,002 crore in the same period last year
Small NBFCs could witness sharp increase in funding costs: Ind-Ra
A large quantum of borrowings to be raised by large NBFCs would lead to a further increase in the banks' exposure to the sector.
Bajaj Finance rises 3% on robust Q1 data; gains 9% in 4 sessions
Bajaj Finance reported the highest ever rise in its customer franchise of 2.7 million in Q1FY23, while new loans booked grew to 7.4 million.
Need innovative funding model for highways as bank finance delays projects: Nitin Gadkari
Gadkari suggested highway companies to jointly form a NBFC to garner resources for highway construction in the country with support from foreign funds.
This Adar Poonawalla-backed stock rallied 500% in one year; do you own it?
This multibagger stock has risen from ₹47 per share on February 1, 2021, to ₹283 level currently, after Adar Poonawalla-led Rising Sun Holdings acquired a 60% stake in the company.
5 marketplaces in Bajaj Fin's digital push
BFL is developing five marketplaces -- EMI store, insurance, investment, health and broking app -- on the digital platform.
Post-merger, Shriram to launch financial services Super App
The group wants to leverage the 20-million customer base, offering all kinds of financial products and services.
PCA will curtail NBFC sector growth; but accretive in long run
Harsh restrictions will shift focus on collections rather than growth in the short run as NBFCs cannot attract private capital for a recovery
Fortune 500 India: 10 Largest NBFCs
NBFCs grew at a slower pace due to muted demand and Covid disruptions. HDFC was the top NBFC, government-owned PFC, REC, Nabard and LIC Housing Finance made it to the Fortune 500 list.
