Poonawalla Fincorp stock crashes nearly 17% after NBFC posts  ₹470.83 crore Q2 loss | Stock Market News

Poonawalla Fincorp stock crashes nearly 17% after NBFC posts ₹470.83 crore Q2 loss | Stock Market News

Source: Live Mint Shares of Poonawalla Fincorp, the Cyrus Poonawalla Group-promoted non-banking financial company (NBFC), crashed on Friday after the firm posted a net loss in the September quarter of the financial year 2024-25. Poonawalla Fincorp shares tanked 16.89 per cent to ₹297.65, compared to ₹358.15 at the previous market close. The company released its…

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Banks to report credit card data to CICs biweekly: How will it impact you and banks? | Mint

Banks to report credit card data to CICs biweekly: How will it impact you and banks? | Mint

Source: Live Mint On 8th August 2024, the Reserve Bank of India (RBI) made an important announcement about the frequency of credit information reporting by banks/NBFCs to credit information companies (CICs) like CIBIL and others. What is this announcement, from when is it applicable, and how will it help banks/NBFCs and borrowers? Let us understand….

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Equirus Capital sees over 38% upside in this NBFC stock, initiates coverage with ‘long’ recommendation | Stock Market News

Equirus Capital sees over 38% upside in this NBFC stock, initiates coverage with ‘long’ recommendation | Stock Market News

Source: Live Mint Following three months of positive but muted returns, brokerage Equirus Capital has initiated coverage on NBFC stock MAS Financial Services with a ‘long’ recommendation and a target price of ₹401, indicating an upside potential of over 38 per cent. “We believe MASFIN has the perfect elements (promoter pedigree, stellar asset quality track…

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