New Delhi, April 29 (IANS) The Ministry of Heavy Industries held a high-level meeting on Wednesday to deliberate on financing mechanisms required to accelerate the adoption of electric buses and trucks in the private sector.Officials at the meeting, chaired by Heavy Industries Secretary Kamran Rizvi, discussed the financing challenges for the adoption of e-buses and e-trucks, the current status of financing these heavy vehicles, and potential solutions to address the challenges, as well as the g…
Latest NBFCs News & Updates
New Delhi, April 21 (IANS) India’s financial services sector displayed inherent resilience in the first quarter of 2026, as deal activity normalised after strong activity in the previous quarter, despite geopolitical tensions arising from the US-Iran conflict, a report has said.As per the analysis by Grant Thornton Bharat, the industry recorded 61 deals worth $1.9 billion, showing a healthy consolidation phase. The report noted that in this figure, IPO and QIP transactions are excluded.While dea…
New Delhi, April 14 (IANS) Gold loans in India have expanded fourfold over the past three years, with the average ticket size nearly doubling to nearly Rs 2 lakh, indicating a sharp rise in borrower demand and growing acceptance of gold-backed credit, a report showed on Tuesday.According to a report by TransUnion CIBIL, gold loan balances have grown nearly four times since March 2022, with their share in India’s retail credit portfolio rising from 5.9 per cent to around 11 per cent by December…
New Delhi, April 11 (IANS) As India’s Unified Payments Interface marks its 10th anniversary on Saturday, the government informed that the country now accounts for 49 per cent of global real‑time payment transactions.The instant payments system processed 21.70 billion transactions in January 2026 alone, with Rs 28.33 lakh crore in value. UPI accounted for 81 per cent of all retail digital transactions in India.The International Monetary Fund has called UPI the world’s largest real‑time pa…
Mumbai, April 9 (IANS) The Reserve Bank of India’s continued focus on boosting economic growth, along with its proposed regulatory changes for non-banking financial companies (NBFCs), is expected to bring greater strength and clarity to the sector, Rajesh Sharma, Managing Director of Capri Global Capital Limited said on Thursday.In an interaction with IANS, Sharma said that the RBI’s regulatory frameworks have historically brought transparency and stability, and the proposed changes for NBFC…
New Delhi, April 5 (IANS) India is increasingly emerging as a new stable core in a volatile global environment, even as geopolitical tensions and energy shocks continue to rattle financial markets, according to the latest monthly note by Quant Mutual Fund.The fund house, led by Sandeep Tandon, highlighted that recent military actions involving the United States and Israel against Iran triggered a broad-based correction in global equities. Key indices such as the S&P 500, Nifty 50, Nikkei 225…
New Delhi, April 4 (IANS) The share of MSMEs in India’s GDP will rise to 40 per cent by 2030, from about 30 per cent currently, a report said on Saturday.The report from B2K Analytics said India’s GDP is projected to reach Rs 537.96 trillion by 2030 if current growth trend continues, lifting the MSME sector’s contribution to roughly 40 per cent, or about Rs 215.18 trillion.The MSME sector’s total funding requirement is estimated at Rs 162.92 trillion by 2030, the report added.Out of the to…
New Delhi, April 2 (IANS) India’s small business credit ecosystem maintained stable momentum in the December 2025 quarter, with total credit exposure rising 14.9 per cent year-on-year to Rs 47.8 lakh crore, a report showed on Thursday.The joint analysis by the CRIF and the SIDBI highlighted that sole proprietors continued to anchor the small business lending space, accounting for nearly 80 per cent of total portfolio outstanding.Pure sole proprietors accounted for 62.5 per cent of active loans a…
New Delhi, April 1 (IANS) Pradhan Mantri Mudra Yojana (PMMY) has sanctioned more than 52.37 crore loans disbursing a total of Rs. 33.65 lakh crore since its launch in April 2015, according to an official fact-sheet.Around 70 per cent of loans went to women entrepreneurs and about 50 per cent to borrowers from Scheduled Caste, Scheduled Tribe and Other Backward Classes, the fact-sheet said.A category‑wise breakdown of loan sanctions showed that Shishu loans account for 78 per cent of the number…
New Delhi, March 24 (IANS) Digital non‑banking finance companies (NBFCs) deepened formal credit access by sanctioning nearly 10 crore loans amounting Rs 1.53 crore in the first three quarters of FY26, representing 78 per cent of overall personal loans, a report said on Tuesday.The report from the Fintech Association for Consumer Empowerment (FACE) said 9.9 crore digital personal loans sanctioned during this period disbursed Rs 1,53,260 crore, the report further said.The digital personal loans …