India’s GDP growth is expected to dip to 6.4% in FY25, marking its lowest level in four years, as per the government’s first advance estimates released on January 7. The data suggests…
FY26 Banking Outlook: Profitability to moderate further in FY26
Ind-Ra-Mumbai-7 January 2025: India Ratings and Research (Ind-Ra) has maintained a neutral outlook on the overall banking sector for FY26. The agency believes the banking sector’s near-to-medium term challenges include an…
FY26 MFI Outlook: Hurting-but-hopeful; Recovery Likely in 2H
Ind-Ra-Mumbai-7January 2025: India Ratings and Research (Ind-Ra) has revised the outlook on the microfinance (MFI) sector to deteriorating from neutral, while maintaining a Stable rating Outlook for FY26. The agency opines…
Edelweiss Financial Services Limited announces Rs 2,000 million Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs)
Mumbai, January 07, 2025: Edelweiss Financial Services Limited (“EFSL”/ “Company”), today announced the public issue of Secured Redeemable Non-Convertible Debentures (“NCDs”) of the face value of Rs 1,000 each for an amount up to…
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. The agency opines that after witnessing a…
Increasing bank account activity among affluent driving surge in financial management tools: CRED Money
India’s affluent class is experiencing unprecedented levels of financial activity, with the median individual managing over 434 peer-to-peer banking transactions annually and experiencing accelerated flows of earning, investing, and spending, Cred Money…
Tamilnad Mercantile Bank bets big on NRI customers with launch of Global NRI Center
Tamilnad Mercantile Bank (TMB), one of the premier scheduled commercial Banks announces the launch of a dedicated Global NRI Center (GNC) at its Thoothukudi headquarters in the presence of bank’s senior executives,…
RBI removes supervisory restrictions against Arohan Financial Services
The RBI on January 3 removed supervisory restrictions against Arohan Financial Services. On October 17, 2024, the Reserve Bank of India had, in exercise of its powers under Section 45L(1)(b) of the…
SBI survey snows rural poverty decline
Overall, poverty levels now stand in the range of 4-4.5%. The sharp decline in rural poverty ratio is on account of higher consumption growth in lowest 0-5% decile with significant Government support, the survey said.
VFS Capital Ltd seeks small finance bank permit
VFS Capital, previously known as Village Financial Services Private and headquartered in West Bengal, was incorporated in 1994 as a non-deposit taking non-banking financial company-microfinance institution (NBFC-MFI).