The FinTech Hub
Source: Business Standard 2 min read Last Updated : Oct 01 2024 | 5:43 PM IST Aditya Birla Sun Life AMC Limited (ABSLAMC) has launched a new Target Maturity Fund aimed at investing in India’s leading Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs). The fund, named ‘Aditya Birla Sun Life CRISIL-IBX AAA NBFC-HFC…
Source: Business Standard Cred makes more than 90 per cent of its revenue from three verticals: lending, payments, and insurance. 2 min read Last Updated : Sep 30 2024 | 7:22 PM IST Fintech firm Cred reported a decline in its operating losses to Rs 609 crore in financial year 2024 (FY24), a substantial…
Source: Business Standard 2 min read Last Updated : Sep 30 2024 | 9:35 PM IST The growth in bank credit to the services sector moderated to 15.6 per cent year-on-year (Y-o-Y) in August 2024, down from 21 per cent a year ago, largely due to a considerable decline in credit to non-banking financial…
Source: Live Mint Global brokerage house Phillip Capital, in a recent note, observed that it has witnessed sectoral shifts within the Nifty and broader Indian equity markets, focusing on changes over both long and short terms. According to the report, investment-oriented sectors, including cement and building materials, gained considerable traction post the Covid-19 pandemic and…
Source: Live Mint Manba Finance IPO: The initial public offering (IPO) of Manba Finance Ltd opened on September 23 and has been receiving strong demand. The bidding period for the ₹150.84-crore worth Manba Finance IPO ends today as the last day of the subscription period is September 25. Manba Finance is a non-banking finance company…
Source: Business Standard 2 min read Last Updated : Sep 24 2024 | 5:05 PM IST Reflecting the cumulative impact of the Reserve Bank of India’s actions, the loan growth of rated finance companies in India will moderate to 18 per cent in the current financial year (FY25) from 20 per cent in FY24,…
Source: Live Mint In case you face some financial difficulty, or have a sudden expenditure lined up, you could – among other things – raise a personal loan from a bank or a non-banking financial corporation (NBFC). Banks, typically, have a well laid-out process of applying for, and disbursing the personal loan. However, there are…
Source: Business Standard 3 min read Last Updated : Sep 20 2024 | 7:40 PM IST With the Reserve Bank of India (RBI) nudging non-banking financial companies (NBFCs) to reduce their dependence on banks, and mutual funds becoming conservative after the Franklin Templeton incident, NBFCs are increasingly turning to the bond market to raise…
Source: Live Mint The US Federal Reserve has cut interest rates by 50 basis points for the first time since 2020, paving the way for global monetary policy easing, including India. According to Macquarie, the biggest beneficiary of interest rate cuts within the banking, financial services and insurance space could be non-banking financial companies or…
Source: Business Standard He further noted that the underdeveloped financial system and the limited market for infrastructure debt have made the sector heavily dependent on banks | File image 2 min read Last Updated : Sep 12 2024 | 12:15 PM IST The National Bank for Financing Infrastructure and Development (NaBFID) should aim to…
