Tag Archives: nbfc

The future of revenue-based financing in India: New age financing for ‘traditional’ startups

The startup ecosystem has got everyone’s attention in 2021 with the addition of 21 unicorns and a mega IPO by Zomato. But not enough attention is paid to the thousands of new cloud kitchens that have ‘started up’ due to … Continue reading

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Loan or equity? How to fund your business

By Rishi Mehra For businesses, raising funds has always been quite a task, but even before the entire process starts, an entrepreneur has to figure out which route to take. The toss is primarily between tapping the debt route by … Continue reading

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Srei Infra mulls deleveraging balance sheet, stepping up recoveries to reduce stress on books

Srei Infrastructure Finance (Srei) is focusing on deleveraging its balance sheet and reducing stress on its books through recoveries and sell-down of portfolios, according to its annual report. The Kolkata-headquartered non-banking finance company (NBFC) is in the midst of raising … Continue reading

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MFI body Sa-Dhan writes to FM seeking Rs 7,500 crores towards Credit Guarantee Scheme

India’s largest association for the micro finance sector, Sa-Dhan, has written to the Finance Minister Nirmala Sitharam for allocation of further Rs 7,500 crores for the Credit Guarantee Scheme for MFIs. “We would like to take this opportunity to request … Continue reading

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P2P lending machine fire on all cylinders as bank loan disbursals falter

It has never been better for peer-to-peer (P2P) lending platforms, which are seeing a considerable increase in the number of people wanting to lend or borrow money. While slackened loan disbursals by banks and other institutional lenders have driven borrowers … Continue reading

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Law firms picking regulatory brains for niche advice

Increasingly complex and overlapping regulation and guidelines are leading law firms and head-hunters to set sights on hiring regulatory officials. This is different from the trend of retired senior bureaucrats joining company boards as advisers as a goodwill gesture because … Continue reading

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MNCs in a fix over likely ban on 2 audit firms in India

MUMBAI: As the spectre of ban looms over KPMG and Deloitte, both multinationals (MNCs) and Indian companies with global operations are in a fix over their audits. Some of the top multinationals and global Indian companies are trying to figure … Continue reading

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ICAI ties up with Poonawalla Finance to offer special loans for Chartered Accountants

MUMBAI: ICAI, the governing body for Chartered Accountants, has tied up with Poonawalla Finance, an NBFC, to offer collateral-free loans to chartered accountants. Poonawalla Finance has received more than 4,000 loan applications and has sanctioned loans worth Rs.150 crore to … Continue reading

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PFC sanctions over Rs 1 lakh cr loans for power projects in FY20

New Delhi: State-owned Power Finance Corporation (PFC) on Thursday said it sanctioned loans over Rs 1 lakh crore for power projects during the 2019-20 financial year. Out of the Rs 1 lakh crore, it successfully disbursed Rs 68,000 crore loans … Continue reading

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PFC raises borrowing limit to Rs 1.18 lakh crore

New Delhi: State-owned Power Finance Corporation (PFC) has raised its borrowing limit to Rs 1.18 lakh crore for the ongoing financial year. “The borrowing plan for FY21 has been revised from Rs 90,000 crore to Rs 1,18,000 crore to accommodate … Continue reading

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