NBFC

16 NBFC licences cancelled by RBI, 2 restored

CWD receives Rs 24 crore order for sound boxes from leading NBFC

This order follows a previous announcement of a ₹100 crore order for CWD Limited’s design, development, and manufacturing services related to their sound box product line.

TVS Credit Services receives Rs. 480 crore equity infusion from Premji Invest

Chennai-based NBFC secures funding to support strategic initiatives and digital transformation

Bajaj Finance Q4 consolidated PAT grew by 30.5% YoY to Rs. 3,158 crore

The financial services provider's assets under management grew by 29% from Q4 FY-22 to Q4 FY-23, reaching Rs. 247,379 crore. With a total of Rs. 16,537 crore, AUM growth in Q4 FY-23 was the highest ever.

RBI releases framework for banks and NBFCs to accept Green Deposits

The Reserve Bank of India has published guidelines for how banks and NBFCs may take green deposits.

Ola aims NBFC acquisition to broaden financial services business: Report

Ola is asserted to be in conversations to buy at least 3 companies to expand its engineering, product as well as loan management facilities to aid the rapid development in the financial services business

Zomato announces to set up NBFC with share capital of Rs 10 crore

According to the filing by Zomato, the company plans to set up the NBFC with a share capital of Rs 10 crore.

Bajaj Finserv reports a rise of 53.5% in profits for Q2FY22

During Q2FY22, the NBFC reported a rise of 53.5 percent in YoY net profits at Rs 1,481 crore as compared with Rs 964.88 crore in the same quarter last year, owing to lower provisions and improvement in asset quality.

RBI issues order debarring Haribhakti & Co. LLP from handling audit assignments of RBI regulated entities

This is the first instance of disablement of a chartered accounting firm under section 45MAA of the Reserve Bank of India Act, 1934, which authorises the banking regulator to take action against auditors if they fail to comply with any direction given or order made by the RBI under the Act.

Top 10 companies in India by market capitalization [2021]

We will present to you the top 10 companies based on market capitalization in 2021 in India.

RBI’s discussion paper proposes strict regulations for large NBFCs

Loans in 2 minutes! That’s what Paytm is promising

RBI’s Internal Working Group provides permit to corporate entities into banking

Q1 FY21 Results: Shriram Transport profit declines 50% to Rs 320.06 crore

Chennai based NBFC Shriram Transport Finance Company (STFC) reported a 50% decline in consolidated net profit at Rs 320.06 crore in the first quarter ended June. The company had posted a net profit of Rs 634.25 crore in the same quarter a year ago.

NBFC Eduvanz raises $5 million from Sequoia Capital in Series A round

Mumbai based NBFC Eduvanz, which specialises in education financing and FinTech, has raised $5 million in a series A round led by venture capital firm Sequoia Capital India.