Non Banking Finance Company

Stress lurks in two-wheeler finance; lenders, investors must stay watchful

Two-wheeler loans are a small proportion of lenders’ loan books but are important enough to be monitored.

SBFC Finance IPO subscribed 1.91 times on first day of subscription

The company will utilise the net proceeds from the issue towards augmenting the company’s capital base to meet its future capital requirements arising out of the growth of its business and assets.

L&T Finance Holdings Q1 PAT more than doubles to Rs 531 crore

In the similar period last year, the net profit was Rs 262 crore.

Altico to provide Rs 300 crores to Phoenix Group for projects in Hyderabad

Non-banking finance company Altico Capital, on March 23, 2017, said that it will provide a credit line of upto Rs 300 crores to realty player Phoenix Group. “The funding, which shall be made in &#82

Au financiers files draft papers with Sebi for IPO

The IPO comprises sale of 53,422,169 shares by the existing shareholders, which include promoters and the promoter group.

Shriram City Q3 net down 9% at Rs 158 cr as note ban hurts

"As we largely cater to the self-employed segments, which transact primarily in cash, we have experienced near term delays in payment due to the difficulties faces by these customers in converting their holdings within the stipulated time.

NBFC Capri Global plans to raise Rs 800 cr through debt

"Capri Global Capital plans to raise Rs 500 crore via non-convertible debentures and Rs 300 crore via commercial paper," the company said in a regulatory filing.

NCML arm eyes loan book of Rs 250 cr this fiscal

NCML Finance, which was launched in April, is a wholly-owned subsidiary of agri-logistics company National Collateral Management Services Ltd (NCML).

Altico Capital plans to raise Rs 1,250 cr by issuing NCDs

Altico Capital India said it will raise up to Rs 1,250 crore by issuing debentures on a private placement basis

Co poised to grow at CAGR of 20% in next few years: Manappuram

The microfinance segment's assets under management will grow to Rs 3000 crore in the next two-three years, says VP Nandakumar, MD & CEO Of Manappuram General Finance.

NCML launches NBFC arm with Rs 335 cr equity capital

NCML is the leading agri-logistics and services player with pan India presence in supply chain management, warehouse services, collateral management, testing and certification and weather intelligence.

L&T Finance to raise Rs 300 cr through NCDs

L&T Finance plans to raise up to Rs 300 crore by issuing non-convertible debentures (NCDs) on a private placement basis.

SKS Microfinance rises 2% on completion of 3rd securitisation

"SKS, on December 29, completed third securitisation transaction for a pool value of Rs 372.47 crore during FY16," says the Hyderabad-based company in its filing.

Manappuram Finance to raise Rs 2,000 crore via NCDs

Earlier in August at its Annual General Meeting, the board of the company had approved to raise Rs 300 crore through private placement of NCDs.

Aditya Birla Group to apply for NBFC aggregator license

In July this year, RBI Governor Raghuram Rajan had given a green signal to setting up of new NBFC companies that would act as account aggregators and will help in cross-selling of financial products to customers.

Religare Finvest to raise Rs 1,425 cr via NCDs

Non-banking finance company Religare Finvest Ltd (RFL) will launch the issue on May 18 and it can raise the amount in one or more tranches.

See 25-30% growth over next 2-3 years: Capital First

The Warburg Pincus-backed Capital First Ltd, a non-banking finance company, which is largely into financing Micro, Small and Medium Enterprises (MSMEs), says MSMEs is a largely under-penetrated area.

Acacia buys 3 lakh Bajaj Finance shares worth Rs 33cr

Foreign investor Acacia II Partners LP today picked up more than three lakh shares of non-banking finance company Bajaj Finance for Rs 33 crore.

IDFC to diversify asset base to beat infra slowdown

IDFC, which is also in the fray for banking licence, said it would pursue diversification of its asset class independent of the outcome of their application.

Shriram City Union to see 35 bps rise in cost of funds

Chennai-based Shriram City Union (SCU) is likely to see an increase of 35-40 basis points in its cost of funds due to change in fund raising guidelines by the Reserve Bank of India (RBI), which mandated some restrictions on fund raising through privately held debentures.

Sundaram Finance Q1 Net jumps 22.3 pc to Rs 115.99 crore

Non-banking finance company Sundaram Finance has reported a 22.3-percent increase in net profit for the first quarter ended June 30 to Rs 115.99 crore. The Chennai-headquartered company had reported a net profit at Rs 94.81 crore in the corresponding period of the previous year, Sundaram Finance said in a statement.

Here's what to expect from Mahindra Finance Q1 earnings

Mahindra Finance, the non-banking finance company (NBFC), will announce its first quarter (April-June) earnings on Thursday. Its net profit is expected to grow by 27 percent year-on-year to Rs 205 crore. Net interest income may increase 32 percent y-o-y to Rs 646 crore, according to an average poll estimate by CNBC TV18.