Tag Archives: nbfc

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

Posted in Stocks News | Tagged , , , , , | Leave a comment

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

Posted in Investing | Tagged , , , , | Leave a comment

IFC to invest in new-generation NBFCs’ bonds to finance development

KOLKATA: International Finance Corporation, which has development among its key objectives, has found a partner in India’s non-banking finance companies (NBFCs) even though the India’s banking regulator Reserve Bank of India still classifies them under the so called `shadow banking’ … Continue reading

Posted in Stocks News | Tagged , , , , , , | Leave a comment

Government allows 100% FDI in ‘other financial services’ by NBFCs

NEW DELHI: The government has allowed 100% foreign direct investment (FDI) in ‘other financial services’ carried out by non-banking finance companies (NBFCs), continuing with the liberalisation of the overseas investments regime. “The government has liberalised its FDI policy in other … Continue reading

Posted in Market | Tagged , , , , , | Leave a comment

Former Deutsche Bank Asia CEO Gunit Chadha to head Everstone’s NBFC

MUMBAI: Former Deutsche Bank Asia head Gunit Chadha is set to invest up to Rs 120 crore to pick up a minority stake in IndoStar Capital Finance, a finance company floated by private equity firm Everstone Capital, and take charge … Continue reading

Posted in Stock price | Tagged , , , , , | Leave a comment

Altico Capital to invest Rs 5,000 crore in housing projects this year

MUMBAI: Non-banking finance company Altico Capital is planning to invest Rs 5,000 crore in residential real estate projects by March 2017 across India’s top property markets including Mumbai, National Capital Region, Bengaluru and Pune. The company, backed by Clearwater Capital … Continue reading

Posted in Stock price | Tagged , , , , | Leave a comment

NBFCs liquidity crunch to hit home loan sales: report

MUMBAI: The ongoing liquidity squeeze will slow down non-banks home loan disbursements, a report has said. Home prices, which have witnessed a relative slowdown in growth, will continue to be under pressure, Japanese brokerage Nomura has said. “Housing loan disbursement … Continue reading

Posted in PRO | Tagged , , , , | Leave a comment

PV Finance to expand at 16-17% CAGR over next five years: ICRA

MUMBAI: The overall passenger vehicle (PV) credit is expected to grow at 16-17% over the next five years and reach a portfolio size of about Rs.6.5 trillion by March 2022, from Rs. 3.1 trillion as on March 2017, said Rating … Continue reading

Posted in Stock price | Tagged , , , , | Leave a comment

Former Religare CEO’s NBFC raises Rs 1,000 crore from UHNIs

MUMBAI: Chokhani Securities, controlled by former Religare chief executive Shachindra Nath, has raised about Rs 1,000 crore by selling stakes to large private equity firms, ultra high-networth family offices and some long-only institutional investors in a sign of global appetite … Continue reading

Posted in Investing | Tagged , , , , | Leave a comment

Bajaj Finance is runaway leader in the great finance war being fought in India’s malls

Generations of Indians brought up in a shortage economy are living testimonies to the Shakespearean adage – neither a borrower nor a lender be. They have been reluctant to splurge loaned money on what they thought were sheer luxuries: Air-conditioners, … Continue reading

Posted in Stock price | Tagged , , , , , | Leave a comment