Non Banking Financial Company

Chiratae-backed alternative financing fintech Getvantage gets NBFC licence

Getvantage, which claims to be the first and only revenue-based financing and alternative funding platform in India to get an NBFC licence, says it will run lending operations through GetGrowth Capital, its shadow bank arm

Explained: Here's Why RBI Charged Bajaj Finance Rs 2.5 cr For Violating Recovery Norms | Know Your Rights

The Reserve Bank of India has imposed a penalty of Rs 2.5 crore on Pune-based Bajaj Finance Limited. They have been charged for violating regulatory norms pertaining to recovery and collection methods from their borrowers. Watch the video to find out what are the rules that recovery agents, banks and NBFC should adhere to.

Podcast | Digging deeper: Everything you need to know about the IL&FS crisis

Questions are now being raised about the affordability of some of Prime Minister Narendra Modi’s infrastructure projects - these include awarding works of around 20,000 km of national highways and ring roads in 28 cities this fiscal. Investors are worried about leverage at other shadow banks, giving rise to increased volatility among financial stocks.

Capital First to raise Rs 700 cr through bonds

The board in its meeting held today "approved an issue of rated, listed, secured, redeemable, non-convertible debentures of Rs 500 crore plus green shoe option of Rs 200 crore on private placement basis", Capital First said in a regulatory filing to stock exchanges.

COMMENT: D-Mart IPO: Retail must wait till HNIs' leverage trade plays out

The IPO of Avenue Supermarts, which runs the D-Mart supermarket chain, is likely to see significant oversubscription. However, if the so-called GMP (grey market premium) is any indicator, the blockbuster listing might ensure healthy gains for HNIs if the oversubscription doesn‘t cross historic highs.

Altico Capital infuses Rs 180 cr in Sheth Corp

The money will be utilised predominantly for the construction of a residential project 'Project Zuri' in Thane.

Magma Fincorp to sell NPAs for Rs 600 crore

The decision was taken by the Management Committee of the board of directors at a meeting held today, the company said in a regulatory filing.

Capital First to raise Rs 340 cr from Caladium Investment

Non-banking financial company Capital First today said it plans to raise Rs 340 crore through preferential issue.

Altico Capital invests Rs 200 cr in realty firm Legacy group

"Altico Capital has entered into a portfolio based funding with Bangalore-based real estate developer Legacy Group," the company said in a statement.

Income Tax Department raids Muthoot Capital Services office

The search proceedings commenced at 0915 hrs and were closed at 1915 hrs, as finally concluded. The company has provided full cooperation to them and have furnished all explanation, information and clarification required by them, it adde

Sharper than expected correction in the offing: Experts

The market has reached a high point from where it may tend to move down, says market expert, Anand Tandon. The positive effects of the goods and services tax may take around a year to come into effect, he says.

Shriram City Union Finance Q1 net up 23% to Rs 182 crore

Shriram City Union Finance has reported a 23 per cent rise in its net profit at Rs 181.79 crore for the first quarter ended June 30, 2016.

Here are SP Tulsian's views on NBFC space

In an interview with CNBC-TV18, SP Tulsian of sptulsian.com, talks about the non-banking finance companies (NBFC) sector and Excel Crop Care's acquisition by Japanese conglomerate Sumitomo.

Altico Capital invests Rs 575 cr in 3 realty firms

Altico entered into a multi-project financing arrangement with Marvel Developers, Pune. Additionally, it concluded its second transaction with Midcity group, a developer having brownfield projects focused on society redevelopments in prominent locations in Mumbai.

Svantantra Making Headway in the Differentiated Banking Space

ICRA assigned an MFI rating of A- to Svatantra Microfin Private Limited (Svatantra) a next gen start-up Microfinance Institution, led by Ms. Ananya ...

Govt may permit 100% FDI in 25 more segments of NBFCs

The proposal, according to sources, is based on the announcement for allowing FDI in more categories of Non-Banking Financial Company (NBFCs) activities, made by Finance Minister Arun Jaitley in his Budget speech.

Mr. V George Antony, MD, UAE Exchange India Won Business Deepika Business Excellence Award 2016

Mr. V George Antony, MD, UAE Exchange, India won the Business ...

Mr. V George Antony, MD, UAE Exchange India Won Business Deepika Business Excellence Award 2016

Mr. V George Antony, MD, UAE Exchange, India won the Business ...

RBI floats draft framework for account aggregator NBFCs

Only companies registered with the RBI as Non-Banking Financial Company (NBFC) AA will be able to undertake the business of an account aggregator, the draft said.

Mahindra Finance may launch mutual fund biz by April

Talking about rural business of Mahindra Finance, he said, "Rural business is going through tough times in different parts of the country due to weak monsoon last year and hence, rural cashflows are under pressure and the growth is a little stretched."

Amazon India launches seller lending programme

The company has partnered with Capital First Limited, an independent Mumbai-based non-banking financial company (NBFC), for the lending programme, Amazon said in a statement.