NBFCs’ collection efficiency close to pre-Covid levels: ICRA
Nearly three years after the Covid-19 outbreak, the collection efficiency of microfinance-focused non-banks and unsecured SME (small and medium-sized enterprises)...
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Enterprise
Sundaram Home Finance eyes disbursements of over Rs 10 cr in small biz loans
Sundaram Home Finance, the wholly-owned subsidiary of non-banking finance company Sundaram Finance has set a target to disburse over Rs...
Read moreKotak Mahindra To Buy Microfinance Lender Sonata Finance For $65 Mn
Kotak Mahindra Bank said on Friday it would acquire Sonata Finance Pvt Ltd for 5.37 billion rupees ($65.04 million) in...
Read moreCCI gives nod to KKR purchasing stake in Hero Future Energies Global
The Competition Commission of India (CCI) on Thursday approved the purchase of stake in Hero Future Energies Global Ltd by...
Read moreRate hikes will not impact NBFCs’ collections, says Icra Ratings
A day after the Reserve Bank delivered another rate hike, a domestic ratings agency on Thursday said the increases will...
Read moreHSBC is betting big on India’s $400 billion pile of wealth
“Roaring with national pride. Soaring with global dreams,” blared the HSBC Holdings Plc ad outside an upscale Mumbai suburb in...
Read moreIndian banks much stronger to be affected by individual incidents, RBI Governor Das says amid Adani crisis
The strength, the size and the resilience of the Indian banking system is now much larger and much stronger to...
Read moreAdani plans to prepay $500 million March loan to banking group
The Adani Group plans to prepay a $500 million loan due next month to a group of banks as the...
Read moreNBFC-MFIs dominate microfinance market, says new report
The NBFC-MFIs (non banking finance company-micro finance institutions) group dominated the microfinance market with portfolio share of 35.1% as of...
Read moreMoody’s says bank exposure to Adani not large to affect credit quality
Indian banks' exposure to the Adani Group will not materially affect their credit quality since it is less than one...
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