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The Reserve Bank of India on Friday proposed an overhaul of the framework for identifying upper-layer non-banking finance companies (NBFCs), suggesting a shift to an asset-size-based criterion and inclusion of government-owned entities, PTI reported.Under the draft ‘Reserve Bank of India (Non-Banking Financial Companies’ Registration, Exemptions and Framework for Scale Based Regulation) Second Amendment Directions, 2026’,…
MUMBAI: Reserve Bank of India on Monday warned non-banking financial companies in Mumbai to tighten underwriting and monitor risks closely, marking the third caution in eight days.The RBI met managing directors and CEOs of select NBFCs, including govt NBFCs, housing finance companies and microfinance institutions. The governor said while NBFCs play a key role in…
RBI governor Sanjay Malhotra (File photo) Reserve Bank Governor Sanjay Malhotra met senior executives of major non-banking financial companies (NBFCs) on Monday to discuss key issues facing the sector, stressing the need for strong lending standards and close monitoring of loan quality.The meeting was attended by heads of government-owned NBFCs, housing finance companies and microfinance…
Financial services firm Equirus Group on Thursday announced the appointment of Manishkumar Jain as the chief executive officer of Equirus Finance, its newly launched non-deposit-taking NBFC, days after receiving approval from the Reserve Bank of India (RBI).Jain will lead the NBFC’s expansion and build a diversified lending franchise focused on high net-worth individuals (HNIs), family…
MUMBAI: Non-bank finance companies are likely to maintain growth in assets under management at 18%, despite a cautious approach on lending in certain buckets due to high customer leverage, Crisil Ratings said on Monday. The overall AUM for the industry is expected to touch Rs 50 lakh crore by end of FY27 on the back…
Growth in bank credit to industry eased to 7.3 per cent in September 2025, compared with 8.9 per cent in the same period a year earlier, according to Reserve Bank of India (RBI) data released on Friday.On a year-on-year basis, non-food bank credit rose 10.2 per cent as of the fortnight ended September 19, 2025,…
MUMBAI: Optimo Capital has raised Rs 150 crore ($17.5 million) in series A funding, led by founder Prashant Pitti along with existing investors Blume Ventures and Omnivore, the company said on Tuesday. Around 4.8 crore small-business owners (75% of total) don’t have credit-history, making it difficult for them to access large-ticket business loans from banks/NBFCs….
MUMBAI: Winro Commercial, a BSE-listed non-banking finance company (NBFC) with a market cap of nearly Rs 31 crore, has bid in LG Electronics India IPO for shares worth nearly Rs 749 crore, raising eyebrows among market players. The company is known to be active in the IPO space; it usually bids in the anchor books…
MUMBAI: Abu Dhabi’s ruling family-owned International Holding Company (IHC) will acquire a 41.2% stake in Sammaan Capital (formerly Indiabulls Housing) for Rs 8,850 crore. At about $1 billion, this is the largest foreign investment in India’s NBFC space.The investment will be made through preferential allotment of equity and warrants at Rs 139 per share, below…
MUMBAI: Tata Capital’s Rs 15,511-crore IPO — Tata Group’s biggest-ever and the largest by any NBFC — will be open between Oct 6-8, with anchor bids on Oct 3. Priced at Rs 310–326 a share, the offer values the firm at Rs 1.32–1.38 lakh crore. Investors must bid for at least 46 shares.At the floor,…
