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 …
Latest NBFCs News & Updates
New Delhi, March 13 (IANS) The CBI on Friday interrogated Anil Ambani’s son Jai Anmol Anil Ambani in connection with the Rs 228 crore bank fraud case involving Reliance Home Finance Ltd (RHFL).Jai Anmol Anil Ambani, who is also an accused in the case, was questioned by the investigating officer for around 6.5 hours at the CBI headquarters in the national capital.He has been asked to appear for further examination before the investigating officer on Saturday as well.The CBI, on December 6, 2025…
Mumbai, Feb 25 (IANS) Indian investors may soon be able to buy shares in 30 global markets through the NSE International Exchange.The exchange plans to expand its recently launched global investing platform over the next three to six months, according to multiple media reports.NSE IX Managing Director and CEO V Balasubramaniam said the exchange currently allows trading in US stocks and is working to add more international markets.He said discussions are underway to include several G7 nations, in…
New Delhi, Feb 24 (IANS) India’s retail lending portfolio grew to Rs 162.7 lakh crore in Q3 FY26, up 18.1 per cent year‑on‑year, with 690 million active loan accounts and improved asset quality, a report said on Tuesday.The report from Credit bureau CRIF High Mark said Portfolio at Risk (PAR) with repayments overdue by 31 to 180 days declined to 3.1 per cent from 3.6 per cent a year earlier. Quarterly originations rose 41 per cent YoY to Rs 25.3 lakh crore, the report said.Gold loan origin…
Mumbai, Feb 6 (IANS) Reserve Bank Governor Sanjay Malhotra announced on Friday that the Central Bank proposes to permit commercial banks to extend finance to Real Estate Investment Trusts (REITs), subject to appropriate prudential safeguards.He said that the step is being taken as there is a strong regulatory and governance framework for listed REITs now.REITs and Infrastructure Investment Trusts (InvITs) were conceptualised in India with a view to free up banks’ funds in completed and operati…
Mumbai, Feb 6 (IANS) RBI Governor Sanjay Malhotra announced on Friday that the RBI is drawing up fresh rules on compensation for customers of banks in case of small-value fraudulent transactions.The extant instructions on limiting the liability of customers in unauthorised electronic banking transactions were issued in 2017, which deal with scenarios and timelines for zero or limited liability of a customer. In view of the rapid adoption of technology in the banking sector and payments systems, …
New Delhi, Feb 1 (IANS) As part of the financial sector reforms announced in the Union Budget for 2026-27 on Sunday, the government proposes to restructure the Power Finance Corporation and the Rural Electrification Corporation to achieve scale and improve efficiency in the public sector NBFCs.The vision for NBFCs for Viksit Bharat has been outlined with clear targets for credit disbursement and technology adoption.Finance Minister Nirmala Sitharaman said in Parliament that a High-Level Committe…
New Delhi, Feb 1 (IANS) Sending a clear message about India’s robust financial sector to the world, Finance Minister Nirmala Sitharaman on Sunday said to keep reforms on track, the government will set up a high-level committee on banking for Viksit Bharat.This group will review the entire banking system and suggest changes to support India’s next stage of economic growth. At the same time, it will focus on financial stability, inclusion, and protecting consumers, said Sitharaman while delive…
New Delhi, Jan 28 (IANS) Aditya Birla Group Chairman Kumar Mangalam Birla on Wednesday said that India’s steady economic growth stands out as a rare constant at a time when the world is facing political uncertainty, shifting trade rules and changing global alliances.In the seventh edition of his ‘Annual Reflections’ note, Birla said that while the global environment remains unsettled, India’s growth story continues to show durability and resilience.He described the note as a personal exe…
New Delhi, Jan 24 (IANS) While volatility is likely to persist in the Indian markets in coming months, the country remains well positioned to outperform many global peers over the medium to long term, a report said on Saturday.The wealth management firm, PL Wealth preferred the financial sector as the core portfolio anchor as credit growth is expected to stay healthy, asset quality stable and capital adequacy strong.”Select private banks, PSU banks, and well-managed NBFCs offer attractive risk-r…