April 3, 2026

NBFCs

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Budget 2026: Nirmala Sitharaman outlines Viksit Bharat roadmap for NBFCs, flags restructuring of PFC and REC

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File photo: Union finance minister Nirmala Sitharaman Union finance minister Nirmala Sitharaman on Sunday laid out the government’s vision for non-banking financial companies (NBFCs) under the Viksit Bharat framework, outlining clear targets for credit expansion and technology adoption as part of the Union Budget exercise.Speaking in the Lok Sabha during her Budget speech, Sitharaman said…

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Budget 2026: Top 4 things FM Sitharaman should do for gold loan NBFCs

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Budget 2026 should introduce a gold-linked credit line via UPI, enabled for NBFCs. (AI image) By George Alexander MuthootUnion Budget 2026 comes at a critical juncture for India’s growth journey. With political stability, resilient macro fundamentals and strong domestic demand, the government has an opportunity to deepen financial inclusion while accelerating credit-led growth. For the…

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Gold loan boom: Credit market poised for major expansion; NBFCs plan 3,000 new branches as demand jumps

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India’s gold loan market is gearing up for strong expansion, with non-bank lenders preparing to open around 3,000 dedicated branches over the next year to meet rising demand. The market, which is largely led by public-sector banks, grew 36% year-on-year to Rs 14.5 lakh crore by the end of September.According to sector heads quoted by…

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Credit pulse: NBFCs eye steady AUM rise as firms adopt risk-calibrated lending; unsecured and MSME segments face strain

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A steady expansion in retail credit demand is expected to keep non-bank finance companies on an 18 per cent growth path, even as lenders turn more selective amid rising borrower leverage, Crisil Ratings has said. The agency noted that NBFCs are moderating their stance in pockets such as unsecured MSME loans, where repayment stress is…

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Payday might get brighter next year! India to see 9% salary hike in 2026, finds survey; real estate, NBFCs to lead surge

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India is projected to witness a 9 per cent salary increase in 2026, reflecting sustained economic resilience driven by stable consumption, investments, and supportive policy measures, according to Aon’s Annual Salary Increase and Turnover Survey 2025–26 India, released on Tuesday.The anticipated rise marks a marginal uptick from the 8.9 per cent hike recorded in 2025,…

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FIDC to oversee NBFCs as ‘self-regulatory body’

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MUMBAI: RBI has recognised the Finance Industry Development Council (FIDC) as the official self-regulatory organisation (SRO) for NBFCs, aiming to tighten compliance, foster innovation, and boost sector development. The decision follows the June 19, 2024 press release inviting applications and the March 21 omnibus framework for SRO recognition. RBI received three applications, of which two…

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