Reliance Capital Administrator seeks 10 days extension from RBI to transfer assets to Hinduja Group

Fusion MicroFinance to raise $25 mn from DFC

Power Finance Corp Q4 Results Live : profit rise by 20.26% YOY
Power Finance Corp Q4 Results Live : Power Finance Corp declared their Q4 results on 15 May, 2024. The topline increased by 20.34% & the profit increased by 20.26% YoY. As compared to the previous quarter the revenue grew by 2.42% and the profit increased by 18.97%.

Power Finance Corporation’s Q4 profit grows 23% to Rs 7,556 crore
The consolidated net profit of Power Finance Corporation rose 25% to Rs 26,461 crore in FY24, aided by a growth in its assets under management. For the March quarter, the profit rose 23% y-o-y to Rs 7,556 crore in the March quarter.

Apex Capital & Finance Q4 Results Live : profit rise by 74.4% YOY
Apex Capital & Finance Q4 Results Live : Apex Capital & Finance announced their Q4 results on 14 May, 2024, showcasing a significant increase in both revenue and profit compared to the previous year.

IIFL Finance raises Rs 1,271 crore through rights issue to fund biz growth

The decision to raise capital through a rights issue was made following the RBI's ban on March 4, which prohibited the NBFC firm from disbursing gold loans due to supervisory concerns.

IIFCL aims to be zero net NPA financial institution during FY25, says MD Jaishankar

L&T Finance aims at 25% CAGR, retail lending in focus

Aditya Birla Capital Q4 Results Live : profit rise by 104.62% YOY
Aditya Birla Capital Q4 Results Live : Aditya Birla Capital declared their Q4 results on 13 May, 2024. The topline increased by 28.07% & the profit increased by 104.62% YoY.

NBFCs' profitability to moderate on higher borrowing costs: Moody’s

Muthoot FinCorp to rely less on flagship gold loans

NCLAT lifts lien on IL&FS Transportation

ABCL poised for a take-off: Capital APPreciation
Aditya Birla Capital plans to add 30 million customers in three years, via its ABCD app, CEO Vishakha Mulye had said at the launch of the app last month adding the channel would help acquire customers digitally at scale. This might sound somewhat underwhelming. Given how business has picked up momentum in the last couple of years, one would have expected a bolder target for the D2C omni-channel platform. After all, ABCL is no newcomer and boasts a customer base of nearly 40 million.

Aditya Birla Capital profit up 33% on strong loan growth
Aditya Birla Capital on Monday reported a 33% year-on-year rise in consolidated net profit at Rs. 812 crore for the March quarter  due to a growth in its overall lending portfolio. 

Piramal Group arm invests Rs 600 crore in microlender Annapurna Finance
Piramal Alternatives invests Rs 600 cr in Annapurna Finance
The Financial Express

Muthoot FinCorp to rely less on flagship gold loans

Edelweiss, Phoenix among ARCs vying for IOB's Rs 13,472-crore NPAs

Bank lending to NBFCs halves to Rs 15.5 L crore

Technology enabling us to peel deeper layers of automotive finance needs for customers: Neeloy Majumder, COO-Technology, Tata Motors Finance

Aditya Birla Capital Q4 profit doubles to ₹1,245 cr

L&T to review finance arm in 2026 after merger
Mumbai: Larsen & Toubro (L&T) will take a decision on the future of its financial services arm in 2026 when it undertakes a groupwide review exercise of its businesses. L&T Finance Holdings Ltd had recently announced the completion of the merger of its three subsidiaries L&T Finance Limited (LTF), L&T Mutual Fund Trustee Limited and L&T Infra Credit Limited.

Have restrained ourselves from taking SFB route: CreditAccess Grameen MD
CreditAccess Grameen is the largest microfinance institution (MFI) in the country with a loan book of around Rs 25,000 crore. Udaya Kumar Hebbar, managing director (MD), in a telephonic interview, tells Manojit Saha that it is diversifying its loan portfolio by increasing the share of non-micro loans and the liability book by raising funds internationally.

Edited excerpts

IIHL seeks RBI approval to pledge 100% of RCap's shares

Hindujas get Irdai nod for buying Reliance Capital business; conditions apply

Irdai gives in-principle nod for Hinduja Group-led IIHL bid for Reliance Capital takeover

‘15 NBFCs surrendered registration certificates
Mumbai: The Reserve Bank of India on Friday said 15 NBFCs, including Tata Capital Financial Services and Revolving Investments, have surrendered their certificates of registration due to various reasons.

TVS Credit Services Ltd posts ₹572 cr net profit in FY24
 

Cholamandalam Financial Q4 Results: Cons PAT jumps 27% YoY to Rs 1,143 crore

TVS Holdings to acquire 80.74% stake in Home Credit India Finance for Rs 554 crore

Gold loan NBFCs see no impact from cash disbursal cap, analysts expect opex rise
Mumbai: Gold loan NBFCs said that the impact from the RBI directive to NBFCs to cap cash loan disbursements at ₹20,000 is going to minimal asthe bulk of their business is already digital.