New Delhi, Jan 22 (IANS) Assets under management (AUM) of non-banking financial companies (NBFCs) specialising in gold loans is set to register a compound annual growth rate (CAGR) of 40 per cent between this fiscal and next, surpassing Rs 4 lakh crore by March 2027, a Crisil Ratings report showed on Thursday.According to the report, the surge will be driven by elevated gold prices, a shift towards secured credit and an evolved regulatory environment, outpacing the CAGR of 27 per cent clocked be…
Latest NBFCs News & Updates
New Delhi, Jan 21 (IANS) Wholly-owned subsidiary of the National Stock Exchange of India, NSEIX informed on Wednesday that it signed a memorandum of understanding (MoU) with Finance Industry Development Council to help non‑banking financial companies raise capital in GIFT IFSC.Finance Industry Development Council is a self-regulatory organisation for Non- Banking Financial Companies (NBFCs).The collaboration will enhance capital market access by facilitating NBFCs in raising funds through the …
New Delhi, Jan 20 (IANS) India’s banking and non-banking financial companies (NBFCs) showed improved financial resilience on the back of comfortable capital including buffers, stabilising asset quality, and profitability, a report said on Tuesday.The report from domestic credit rating agency Brickwork Ratings said that scheduled commercial banks reported capital adequacy ratios (CAR) well above the minimum regulatory requirements, with system-wide levels around 17 per cent.CAR is the measure o…
Mumbai, Jan 20 (IANS) As the Budget 2026-27 approaches, the focus is likely to shift towards structural economic reforms, with limited room for major tax concessions following last year’s significant increase in tax slabs and GST rate cuts, a report showed on Tuesday.The Indian equity markets have turned largely range-bound after giving up most of their recent gains, amid rising global geopolitical risks and persistent tariff-related uncertainties with the US.However, domestic demand indicator…
Mumbai, Jan 14 (IANS) The Reserve Bank of India (RBI) on Wednesday issued guidelines for the appointment and functioning of internal ombudsmen in banks and NBFCs, aimed at strengthening the mechanism for resolution of customer grievances.The RBI has issued separate directions for commercial banks, small finance banks, payments banks, non-banking financial companies, non-bank prepaid payment instrument issuers, and credit information companies to ensure specific clarity to each category.The direc…
Mumbai, Jan 8 (IANS) Securitisation volumes continued their steady momentum in the first nine months (April-December) of the financial year 2025-26, growing by 5 per cent to Rs 1.87 lakh crore, compared to Rs 1.78 lakh crore in the same period of the previous financial year, according to a Crisil Ratings report released on Thursday.The growth in securitisation, or the process by which certain types of assets are pooled so that they can be repackaged into interest-bearing securities and the inter…
Mumbai, Jan 5 (IANS) RBI Governor Sanjay Malhotra on Monday underlined the need for sound underwriting standards and close monitoring of asset quality by NBFCs.At a meeting held here with the Managing Directors and CEOs of select non-banking financial companies (NBFCs), including government NBFCs, housing finance companies (HFCs), and microfinance institutions, the RBI Governor further emphasised the criticality of customer-centricity, ethical conduct, and responsible lending.He also highlighted…
Kolkata, Dec 28 (IANS) The West Bengal Police on Sunday warned people that fake government loan advertisements using Chief Minister Mamata Banerjee’s name and photographs are being circulated on social media. In a public advisory, the state police said anyone who falls for this trap could lose thousands of rupees. Using its official X handle, West Bengal Police identified this online scam and provided information on what to look out for to avoid falling into the trap, and what to do if they beco…
New Delhi, Dec 27 (IANS) System loan growth has picked up and Q3 FY26 is expected to show better loan growth and improved net interest margins, a report said on Saturday.The report from Elara Capital said the quarter should also see lower slippages in unsecured and microfinance institutional loans and steady recovery trends that may benefit credit costs.The report, however, flagged that deposit flows remain weak and incremental credit‑deposit ratios are running very high.”Even with better Q3 o…
New Delhi, Dec 26 (IANS) Aggregate small‑business credit exposure in India reached Rs 46 lakh crore, up 16.2 per cent year‑on‑year, a report said on Friday.The report from CRIF High Mark and SIDBI said that active loan accounts grew 11.8 per cent to 7.3 crore, supported by policy measures and government credit schemes for micro, small and medium enterprises.Among businesses with credit exposure up to Rs 5 crore, the report found that formalisation was advancing with 23.3 per cent of borrow…