Tightening unsecured loans a good move

Unsecured retail loans have been growing at over 20 per cent in many banks and NBFCs for a very long time.

published on : 20th November 2023

Bank, NBFC shares fall after RBI tighten norms on personal loans

The Reserve Bank on Thursday tightened norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight for unsecured personal loans.

published on : 17th November 2023

Fintech lending to youth rises 100 times in 2015-21

Borrowings mainly for personal-use products, less for big-ticket buys

published on : 8th November 2023

Jio Financial reports Rs 668 crore net profit in Q2

Total revenue from operations for JFSL rose about 48% on a sequential basis to Rs 608 crore.

published on : 17th October 2023

Bajaj Finance’s USD1 billion fundraising plan triggers stock rerating, share up 5 per cent

Brokerage firm Motilal Oswal Financial Services also feels the stock can rise further after the company’s fundraising announcement.  

published on : 26th September 2023

RBI tightens norms for 15 large NBFCs

There is a prescribed methodology to identify the NBFCs in the Upper Layer as per their asset size and scoring methodology.

published on : 15th September 2023

RBI asks NBFCs to strengthen governance standards

In a meeting with MD''s and CEO's  of upper layer non-bank lenders, the apex bank discussed risks associated with high credit growth in retail segment, particularly in unsecured lending space.

published on : 26th August 2023

Posing as cops, duo robs man of Rs 3.36 lakh; held

Two men, who were part of the Arumbakkam NBFC heist case last August, were arrested on Saturday for robbing an employee of a private firm to the tune of Rs 3.36 lakh last week.

published on : 21st August 2023

RBI asks banks to issue cards on multiple networks

This gives customers more options to choose and closes door for any exclusive tie-ups between banks and card networks.

published on : 6th July 2023

ICL FINCORP - A Towering Presence in NBFC Sector

A towering presence in NBFC sector Irinjalakuda - headquartered ICL FINCORP hardly needs an introduction.

published on : 18th June 2022
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