Aditya Birla Capital to merge with Aditya Birla Finance
The amalgamation will result in compliance with the regulations of the Reserve Bank of India (RBI) which require the mandatory listing of Aditya Birla Finance by September 30, 2025.
The amalgamation will result in compliance with the regulations of the Reserve Bank of India (RBI) which require the mandatory listing of Aditya Birla Finance by September 30, 2025.
Gross NPA ratio of all scheduled commercial banks declined to an 11-year low of 3.2% at the end of September 2023.
The number of frauds in banks jumped to 14,483 during the April-September period of the current fiscal.
Banks and NBFCs make investments in units of AIFs as part of their regular investment operations.
The NBFC targets organic expansion in its existing segments and diversification into new sectors
The company plans to make an initial investment ranging from ₹5 crore to ₹10 crore.
While it is too early to conclude, risk management practices are getting better, says RBI deputy governor Swaminathan Janakiraman
Just why NBFC is the latest holy grail in financial services.
Banks are significantly upping lending to risky NBFCs, forcing RBI to sound an alarm
NBFCs' bank funding costs could rise by 40 basis points - 60 basis points, says Fitch