5. SBI has entered into co-lending partnership with 5 housing finance companies (HFCs). The names of fiveHFCsare PNB Housing Finance, IIFL Home Finance, Shriram Housing Finance, Edelweiss Housing Finance and Capri Global Housing Finance. The partnership is in line with SBI’s commitment to incr...
5. RBI grants NBFC licence to neobanking startup Fi. Fi received an NBFC licence from RBI for independent lending. Fi is backed by Peak XV and Temasek. Like Jupiter, Groww and Cred, it offers loans and other financial services. NBFC licences enable fintechs to provide loans through their ...
This suggests that the RBI's decision in November 2023 to raise the risk weights on bank credit to non-banking finance companies (NBFCs) and unsecured consumer credit is having an impact. The RBI increased risk weights by 25 basis points for banks' and NBFCs' unsecured consumer credit exposu...
The guidelines will be applicable to all commercial banks, primary (urban) co-operative banks, state co-operative banks, district central co-operative banks and Non-Banking Financial Companies, including housing finance companies. Topic: Infrastructure and Energy 2. Blue Energy Motors launched India’...
Its NBFC arm GetGrowth Capital would manage the lending operations. GetVantage will capitalize the NBFC with ₹50 crore. It aims to raise ₹200 crore in total to scale up its lending operations. GetVantage is supported by investors, which include Chiratae Ventures, Varanium, InCred, DMI,...
In 2024, State Bank of India is joining a growing list of local borrowers raising foreign currency loans, with non-banking financial companies (NBFCs) or "shadow banks" leading the way due to tighter domestic regulations. Despite a surge in activity, India’s dollar debt has fallen 27% this...
This was mainly because of improved credit offtake to ‘NBFCs’, ‘commercial real estate’ and ‘trade’ sectors. Personal loans grew by 20.2% (y-o-y) in October 2022 (12.6% a year ago). This growth was mainly driven by ‘housing’ and ‘vehicle loans’. ...
Credit growth to services have been mainly because of improved credit to ‘non-banking financial companies (NBFCs)’ and ‘trade’, per RBI’s data on sectoral deployment of credit. As per RBI, a growth of 20.9% (y-o-y) was recorded in personal loans in June 2023. This was mainly du...
The companies are Srei Infrastructure Finance and Srei Equipment Finance. The Advisory Committee now comprises Venkat Nageshwar Chalasani, TT Srinivasaraghavan, and V Ramachandra. In October 2021, RBI formed an Advisory Committee to advise the administrator of Srei NBFCs. ...