- Tag results for NBFC
Tata Capital Financial Services' non-convertible debentures issue opened for subscription on Monday, while Indiabulls Commercial Credit opens on Tuesday.
Experts see increased hiring in tier-II cities for roles in sales, collection underwriting and risk.
Unsecured loans, namely SME credit, personal loans and credit card purchases, are considered to be risk averse.
Finzy would also have to contribute repayment track record of each and every loan to CIBIL on a periodic basis.
Corporate deposits and fixed deposits offered by NBFCs have been gathering popularity due to the attractive interest rates they offer.
NBFCs being the key financiers to the commercial vehicle segment would benefit from the expected new vehicle sales growth and demand for used vehicles in FY19.
In a major breakthrough, Bargarh police on Sunday arrested five persons, including two staffers of a non-banking finance company, for robbing cash amounting to Rs 18.40 lakh from a finance company.
The company, which disclosed that it has seen a five-fold increase in revenue this year, has been rapidly gaining out of the loan books of fintech lenders that target small companies.
The growth is helped by the improving macroeconomic environment and government focus on infrastructure and rural areas.
The Reserve Bank today said it will bring about a customer grievance redressal mechanism for nonbanking finance companies (NBFCs) by this month end.
As of fiscal 2017, the MSME credit market stood at Rs 14 trillion which may grow by 11 per cent each in the next two years, rating agency Crisil said today.