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Stock market today: Infosys, Asian Paints take lead during early trade, realty tumbles over 1% in morning trade on 19th July

Infosys, Asian Paints, TCS, ITC and HCL Tech took lead during early morning trade, while Hindalco, …

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Jio Financials gets RBI nod to become Core Investment Company

Jio Financial Services has received the nod from the Reserve Bank of India (RBI) to convert into a …

ANI   


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Outlook for bank credit offtake remains positive in 2024: CareEdge Ratings

Outlook for bank credit offtake remains positive in 2024 while deposit growth is expected to improv…

PTI   


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IIFL Finance emerges as second largest gold loan NBFC

The market leader in gold loans is Muthoot Finance with an AUM of Rs 66,089 crore, as of Sept…

PTI   


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RBI penalties on banks, NBFCs add up to Rs 40.39 crore for 2022-23

The Reserve Bank of India (RBI) has imposed penalties to the tune of Rs 40.39 crore on banks, non-b…

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RBI to come up with unified regulatory framework on connected lending

The Reserve Bank of India (RBI) said on Friday that it will come up with a unified regulatory frame…

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Google for India – Sachet loans to credit on UPI, tech giant bets on lending

Search giant Google has made several major announcements for India at their annual Google for India…

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Bajaj Finance to raise Rs 10,000 crore via QIP and warrant issue

Bajaj Finance announced on Thursday that it will raise up to Rs 10,000 crore by issuing shares to q…

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BharatPe acquires 51% stake in Mumbai-based NBFC Trillion Loans

BharatPe Group has acquired a controlling stake in Mumbai-based NBFC Trillion Loans, a provider of …

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Embedded consumer lending platform Niro raises ₹90 crore in Series A funding round

Bangalore-based Niro has completed its Series A funding round, raising $11m to expand its platform,…

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Microfinance lending shows strong growth in 2022, NBFC MFIs dominate the market

Average balance per account witnessed quarterly growth of 0.8% and grew 5.2% Y-oY as of December 22…

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Customer protection 'guiding light' of revamped microfinance regulations, says RBI deputy governor

Reserve Bank of India’s (RBI) deputy governor M Rajeshwar Rao on Friday outlined several measures i…

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Bandhan Bank hikes interest rates on fixed deposits

According to the statement from the lender, the revised FD rates are applicable for retail deposits…

ANI   


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NBFCs' asset base scales past Rs 54 lakh crore: MoS Finance

The asset base of non-banking financial companies has scaled past Rs 54 lakh crore as of March 2022…

PTI   


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RBI directs credit information companies to appoint internal ombudsman

The RBI, in its Statement of Developmental and Regulatory Policies, on August 5, 2022 had called…

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Shaktikanta Das wants lending apps to 'follow the rules of the game'

Warning against mushrooming of lending apps and their usurious recovery prices, the Reserve Bank sa…

PTI   


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NBFC giant Bajaj Finance reports 30% jump in Q4 net profit to ₹3,158 crore; books record new loans in FY23

The non-banking financial company (NBFC) giant Bajaj Finance on Wednesday reported a net profit of …

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4 mins read

RBI tightens norms for Chinese lending apps

Chinese digital loan apps were utilising the loophole in the regulatory guidelines to dupe Indian c…

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Aditya Birla Capital's net profit jumps 42% to ₹429 crore

The Company, through its subsidiaries, continues to maintain its track record of delivering stro…

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This startup has a solution for other startups suffering from funding slowdown

StrideOne, which recently raised ₹250 crore as both equity from Elevar Equity and debt from banks, …