Tag: NBFC

NBFC Sector Causes Sharp Fall of Share Market
Stock Market News

NBFC Sector Causes Sharp Fall of Share Market

SMEStreet Desk- June 7, 2019

Domestic equity benchmark BSE Sensex fell over 200 points in early trade on Friday led by losses in financial stocks amid concerns over the state ... Read More

Banks Not be Motivated by RBI’s Special Recommendation to Allow Partial Credit Enhancement for NBFC, HFC bonds
InFocus, Analysis

Banks Not be Motivated by RBI’s Special Recommendation to Allow Partial Credit Enhancement for NBFC, HFC bonds

SMEStreet Desk- November 27, 2018

Recently, the RBI has permitted banks to provide PCE to bonds issued by systematically important NBFCs and housing finance companies (HFCs), a move aimed to ... Read More

Veritas Finance to Disburse Rs 500 Crore to West Bengal MSMEs
Clusters, East Zone

Veritas Finance to Disburse Rs 500 Crore to West Bengal MSMEs

SMEStreet Desk- July 24, 2018

The company plans to disburse Rs 500 crore in the region over the next two years. Veritas Finance, which opened 25 branches last year, had ... Read More

Jana Small Finance Bank to add 40 Lakh Customers by 2020
Analysis, LimeLight

Jana Small Finance Bank to add 40 Lakh Customers by 2020

SMEStreet Desk- July 19, 2018

Jana bank has so far spent as much as Rs 2,000 crores on digitisation, which would cost Rs 70-80 crores yearly in future. Read More

Fintech NBFC – Prest Loans Forays into Rajasthan
Digital India, Clusters

Fintech NBFC – Prest Loans Forays into Rajasthan

SMEStreet Desk- August 25, 2017

Prest Loans uses proprietary algorithm using lot of alternate data which decides loan amount, interest rate and tenure based on internal scoring system. Read More

Digital India, Analysis

Muthoot Finance Registers 30 % Increase in Net Profit

SMEStreet Desk- August 9, 2017

Muthoot Finance Limited, the largest gold financing company in India in terms of loan portfolio, earned a net profit of Rs 351 crore, registering an ... Read More

Ashok Mittal Acquires NBFC Company to Revamp it into FinTech NBFC – PREST LOANS
Digital India, Analysis

Ashok Mittal Acquires NBFC Company to Revamp it into FinTech NBFC – PREST LOANS

SMEStreet Desk- August 3, 2017

“We have acquired this company by investing about Rs 2.5 cr (about US$ 390,000) in it and are in the process of increasing the capital ... Read More