Capital India Finance Surpasses ₹1,000 Crore AUM Milestone in FY25
Capital India Finance Limited (CIFL), a middle-layer non-banking financial company listed on the NSE and BSE, has crossed a significant milestone, surpassing ₹1,000 crore in...
Credifin riases US$24.9 Million in Equity and Debt Funding to Fuel Growth
Jalandhar, April 17, 2025 – Credifin Limited, a Metropolitan Stock Exchange of India-listed Non-Banking Financial Company (NBFC) formerly known as PHF Leasing Limited, has successfully...
Credit Fair Secures $5 Million from Symbiotics Investments backed by British International Investment
The bond was issued by Symbiotics Investments and subscribed to by British International Investment (BII)
Fitch Ratings Warns of Challenges Ahead for Non-Bank Financial Institutions in India
After reaching a peak of 18% in loan growth in the financial year ending March 2024 (FY24), sector growth is showing signs of moderation. Credit growth for NBFIs, excluding housing finance companies, has slowed to 6.6% between March and September 2024. This deceleration is partly attributed to the country’s softer economic conditions, resulting in Fitch’s downward revision of its FY25 GDP growth forecast to 6.4% from a previous 7.0%. However, the agency does not anticipate a prolonged economic downturn, maintaining its FY26 GDP growth estimate at 6.5%.
Bharti Airtel and Bajaj Finance in pact for financial services platform
Airtel will initially offer Bajaj Finance’s retail financial products on its Airtel Thanks App for
seamless and secure customer experience, and later through its nation-wide network of stores.
The combined strength of the companies’ digital assets will enable Airtel and Bajaj Finance to
significantly deepen penetration of financial products and services.
IIFL Finance raises USD 325 Million Senior Secured Bond from International Markets
The proceeds from this issuance will be used for onward lending, as per the External Commercial Borrowing (ECB) Guidelines by the Reserve Bank of India (RBI).
India Ratings FY26 NBFCs Outlook: Mettle Being Put to Test, Yet Again
Ind-Ra-Mumbai-7January 2025 India Ratings and Research (Ind-Ra) has maintained a neutral sector outlook and a Stable rating Outlook for non-bank finance companies (NBFCs) for FY26....
Paytm focusing on consumer payments business: CEO
Fintech firm Paytm’s immediate priority is to invest in its consumer payments business in an effort to recover lost user base following regulatory actions by the RBI, a top company official said on Sunday.
Caspian Debt to Merge with BlackSoil Capital
After the merger is complete and regulatory approvals are received, Caspian Debt will be fully integrated into BlackSoil, a press release said. This strategic amalgamation will position BlackSoil, the combined entity, as one of the largest players in the alternative credit segment it operates in
Mahindra Finance gets IRDA license to operate as corporate agent, to augment fee income, says Chairman
Non-banking finance company, Mahindra Finance has received a certificate of registration from insurance regulatory authority to act as a corporate agent to offer products in...