Navi Finserv

RBI removes restrictions on Sachin Bansal's Navi Finserv

RBI said it removed the curbs amid 'the company’s commitment to ensure adherence to the regulatory guidelines on an ongoing basis'

Navi failed to keep its promises to RBI, forcing regulatory action

RBI has said remedial actions will see the restrictions lifted, but it remains to be seen how soon this can be done. The companies need to fix multiple issues

Navi Finserv withdraws bond sale following RBI ban on new loans: Report

The company had intended to raise Rs 1 billion (nearly $12 million) through two-year and three-month bonds, offering a coupon of 10.40%, payable quarterly.

Sachin Bansal's Navi Finserv posts mixed FY24 results amid big gains from subsidiary sale

Navi doubled its consolidated profit to Rs 545 crore in FY24, largely driven by the sale of CIFCPL to Svatantra Microfin Private Ltd in November, which generated a post-tax gain of Rs 429 crore

Navi Finserv names ex-RBI Executive Director Anil Kumar Misra as non-exec chairman

Sachin Bansal will continue as its CEO, the non-banking financial services company said in a press release.

Sachin Bansal’s Navi Finserv raises $38 million from JP Morgan in securitisation deal

This is one of the first such securitisation deals JP Morgan has done with an NBFC in the country with a pass-through certificate transaction in the personal loans space

Sachin Bansal's Navi to hire up to 100 people in tech team this year

"As a part of this mandate, a batch of engineers hired through Navi's campus recruitment program will join the company in June 2024, with further hiring via multiple channels planned throughout the year," the statement said.

Despite RBI’s tightening of unsecured loan norms, Navi scaling up well, says Sachin Bansal

Navi Finserv’s third non-convertible debentures opens on February 26 with an issue size of Rs 600 crore. The fintech’s two previous NCDs had raised close to around Rs 1,000 crore

Navi Finserv Rs 300-crore debt bond lists with 1.65 times subscription

Navi Finserv debt bond got listed on Friday following 1.65 times subscription of the base issue of Rs 300 crore, the company said. The issue which closed on June 2, eight days ahead of schedule, received total bids worth Rs 495.72 crore which was about 65 per cent higher than the base issue.