#nbfc
Veritas Finance explores ₹1,000 crore secondary deal as IPO plans delay
Chennai-based NBFC considers ₹800–1,000 crore largely secondary deal to offer exits to early investors as volatile markets delay its IPO plans.
Bank credit growth rises 15.9% in FY26, driven by retail, NBFC and industry segments: Report
The domestic banking sector recorded strong credit growth in FY26, with non-food credit (NFC) rising 15.9 per cent year-on-year, supported by broad-based growth across key segments, according to a report by ICICI Bank.
RBI cautions against misleading campaigns promising loan waivers
Attention all borrowers! The Reserve Bank of India has flagged a concerning trend involving fraudulent loan waiver initiatives. These duplicitous campaigns claim to erase debts owed to banks and non-banking financial companies (NBFCs) but are merely traps set…
Senior citizen FD interest rate hike: This NBFC is now offering up to 7.75% interest rate to senior citizens
Bajaj Finance has boosted interest rates on its 31-60 month fixed deposits to 7.40%, with senior citizens now earning up to 7.75%. These revised rates are effective May 1, 2026. The 8th Pay Commission has also released schedules for upcoming meetings in Hyder…
RBI eases disaster loan recast norms, mandates 5% provisioning by banks, NBFCs
The revised rules will come into effect from 1 July 2026 and will apply prospectively, with existing restructured accounts continuing under the current framework unless a fresh plan is invoked.
Govt holds high-level meet to boost financing for e-buses and e-trucks
The meeting brought together key stakeholders, including government departments, banks, NBFCs, global institutions, OEMs, and industry bodies, highlighting a coordinated push to strengthen EV financing frameworks
Sahamati secures Rs 50 crore in funding from large banks, AMCs, stockbrokers and fintechs
Sahamati, the NBFC-Account Aggregator body, has raised Rs 50 crore from major banks, asset management companies, stockbrokers, and fintechs. This funding will enhance the data sharing platform's infrastructure and participation. The investment supports the de…
One MobiKwik Systems shares soar 20% in two sessions. What’s triggering the sharp surge?
MobiKwik Systems shares surged on Tuesday. The Reserve Bank of India approved its application for a Non-Banking Financial Company license. This allows the launch of a new lending arm, MobiKwik Financial Services Private Limited. The company plans to expand re…