GenZCFO named Best NBFC and Fintech Advisor in India at awards
GenZCFO, a virtual CFO and regulatory advisory firm, has been awarded the title of 'Best NBFC and Fintech Advisor in India' at the 4th Edition Bharat NBFC & Fintech Summit and Awards…
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RBI proposes ban on NBFC revolving credit products
The Reserve Bank of India has proposed an amendment that would force NBFCs to offer only term loans, effectively banning revolving credit products such as flexi loans and overdraft facilities. The draft…
Aditya Birla Capital to open 1,000 gold loan branches in 3 years
Aditya Birla Capital on Thursday announced it will enter the gold loan business and open 1,000 branches in three years. It plans to open up to 300 branches by the end of…
RBI draft rules may change small-loan pricing and NBFC products
The Reserve Bank of India has proposed two draft rules that could reshape how fintech firms and non-banking financial companies offer small loans. The first, released on 12 August, requires lenders to…
Svatantra Microfin Files Rs 3,000 Crore IPO Papers
Svatantra Microfin has filed preliminary papers with Sebi for a Rs 3,000 crore initial public offering, The Hindu BusinessLine reports. The issue will include a fresh share sale of Rs 1,500 crore…
Bank of America invests $1.9 billion in Jio Credit for 49.9% stake
Bank of America will invest $1.9 billion to acquire up to 49.9% of Jio Credit, the lending arm of Jio Financial Services. The deal values Jio Credit at $3.8 billion. BofA will…
Gold loan lender Muthoot Fincorp files for Rs 3,000 crore IPO
Muthoot Fincorp Ltd, part of the Muthoot Pappachan Group, has filed a Draft Red Herring Prospectus with SEBI to raise Rs 3,000 crore through an initial public offering. The IPO is entirely…
Poonawalla Fincorp new businesses drive 26% of disbursements
Poonawalla Fincorp’s newer lending verticals, gold loans, consumer durable finance, prime personal loans, commercial vehicle and education loans, contributed 26% of total disbursements and 17% of assets under management (AUM) in the…
Bank of America to buy up to 49.9% in Jio Credit for Rs 18,268 crore
Bank of America will acquire up to a 49.9% stake in Jio Credit, the NBFC arm of Jio Financial Services, for up to Rs 18,268 crore ($1.9 billion). The deal values Jio…
Bank of America to buy up to 49.9% in Jio Credit for $1.9 bn
Bank of America will invest up to Rs 18,268 crore ($1.9 billion) in Jio Credit Ltd, the lending arm of Jio Financial Services, acquiring a 26.5% equity stake that can rise to…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.