The FinTech Hub
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…
Source: Live Mint Do you need an instant loan for a financial emergency? Well, you could apply for a personal loan which could take anywhere between one to a couple of days. And you could get the money in your bank the same day also if you are lucky and importantly, if you have all the…
Source: Business Standard 3 min read Last Updated : Oct 08 2024 | 7:00 PM IST The Securities and Exchange Board of India (Sebi) on Tuesday issued fresh guidelines on due diligence for investors in alternative investment funds (AIFs) to prevent circumvention of norms and ever-greening of loans. The due diligence specifically applies…
Source: Business Standard 3 min read Last Updated : Oct 07 2024 | 3:46 PM IST Shares of Bajaj Housing Finance tanked 10 per cent to Rs 135.65, hitting its lowest level since listing, on the BSE in Monday’s intra-day trade amid heavy volumes. The stock of housing finance company (HFC) made its…
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,…
