BharatPe acquires majority stake in NBFC Trillion Loans
The company says that the acquisition is in line with BharatPe's vision to be at the forefront of addressing the credit gap for businesses and users across the country.
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May 2023
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InCred: All About Retaining Talent
The company focuses on retaining high performers with attractive appraisals and incentives, offers flexibility to employees to switch roles.
CA Grameen: A Resilient Ecosystem
Business efficiency and prudent lending practices have kept the Dutch-owned micro lender on top of the MFI pyramid.
Bajaj Finserv jumps 3% on getting SEBI’s nod to launch MF biz
The Bajaj group company has received the market regulator's license to start its mutual fund business.
Adar Poonawalla-backed Poonawalla Fincorp jump 6% on strong Q3
The NBFC stock has grown three-fold in the last two years, from ₹98 on February 12, 2021, to ₹307 in intraday today, after Adar Poonawalla acquired the company.
M&M Financial Services gains 3% as RBI lifts ban on recovery via third party
The central bank has removed a ban on M&M Financial Services to carry out any recovery or repossession activity through outsourcing arrangements with immediate effect.
Piramal Finance launches ‘Innovation Lab’ in Bengaluru; to hire 300 professionals
The Piramal Group company aims to have a team of over 300 professionals at the Innovation Lab in Bengaluru by the end of FY23.
NBFCs' AUM to grow 13-14% next fiscal: CRISIL
Housing finance companies could keep losing market share to banks amid intense competition on interest rates, says CRISIL.
Fusion Micro Finance makes muted debut; lists at 2% discount
The ₹1,104 crore IPO of Fusion Micro Finance was subscribed 2.95 times; the issue had a price band of ₹350-₹368 per share
Micro credit grows to ₹2.63 lakh cr, MFI loans up 19% in 2021-22
The average ticket size per loan stood at ₹39,903 as on March 2022 whereas it was ₹36,510 as on March 2021.
