Spandana Sphoorty Financial has appointed former HDFC Bank senior executive K. Sankara Narayanan Krishnan as its new Chief Executive Officer. The leadership transition comes at a crucial time as the microfinance NBFC continues...
NDL Ventures has formally approved the merger of Hinduja Leyland Finance through a scheme of absorption, marking one of the most significant consolidation steps in the NBFC sector this year. With the Reserve...
In a major policy move, the Reserve Bank of India (RBI) has removed the $750 million cap on External Commercial Borrowings (ECBs) for non-banking financial companies (NBFCs), allowing them to raise over $1...
Bank of Baroda (BoB) has signed a co-lending agreement with IIFL Finance to expand credit access for agricultural and allied activities. The partnership aims to combine BoB’s low-cost funding strength with IIFL’s deep...
The Reserve Bank of India (RBI) has imposed a ₹2.7 lakh penalty on Muthoot FinCorp Ltd for failing to comply with directions related to the Internal Ombudsman (IO) framework. An inspection revealed the...
Non-bank lenders are rapidly expanding their hold on India’s ₹15 lakh crore personal loan market, even as banks tread cautiously. Data from CRIF and Nomura shows NBFCs’ share in new loan originations rose...
India’s festive season is coinciding with the rollout of GST 2.0, unleashing a wave of credit offers from banks and NBFCs. With essentials cheaper and consumer sentiment high, lenders are aggressively marketing loans,...
The National Payments Corporation of India (NPCI) is preparing to introduce EMI payment options on UPI, allowing users to split QR code payments into instalments. This next wave of innovation follows RuPay credit...
Fullerton Financial Holdings (FFH) has reentered the Indian market with a ₹2,000 crore investment in Lendingkart Finance, marking a significant vote of confidence in India’s fast-growing digital lending ecosystem. The deal signals the...
With cyberattacks on financial institutions rising sharply, fintechs and NBFCs are increasingly turning to cyber insurance as a safeguard against operational disruptions, data breaches, and regulatory penalties. Experts note that the surge in...
India’s microfinance sector is showing strong signs of revival, with improved credit quality and stable loan performance, according to the latest report by Microfinance Institutions Network (MFIN). After years of stress caused by...
SK Finance Ltd, a leading non-banking financial company (NBFC), has reported a 30% year-on-year increase in net profit for Q1 FY26, reaching ₹87.59 crore. The growth was fueled by strong loan disbursements, improved...
The Reserve Bank of India (RBI) has made it mandatory for all Regulated Entities (REs)—including banks, NBFCs, and fintechs—to use the Central KYC Registry (CKYCR) for customer onboarding and periodic KYC updates. RBI...
South Indian Bank has rolled out a new product, SIB Gold Xpress, designed to provide borrowers with quick access to funds against their gold holdings. The scheme offers loans of up to 90%...
India’s housing finance companies (HFCs) are coming under increased regulatory scrutiny following concerns over lending irregularities, borrower misclassification, and operational lapses. The Reserve Bank of India (RBI) and the National Housing Bank (NHB)...
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