Mumbai, March 30 Bank credit to the industry grew at a faster pace of 13.5 per cent during the fortnight ending February 28, compared with 7.5 per cent in the year-ago period, according to data released by the RBI on Monday.The strong growth is primarily driven by higher growth in...
New Delhi, March 23 Paytm, operated by One 97 Communications, continues to maintain its dominant position in the merchant payments platform, which is expected to drive its growth over the next two years, according to brokerage Jefferies on Monday.The brokerage retained its 'Buy' rating on the...
New Delhi, March 12 Financial Services Secretary M Nagaraju chaired a meeting with major non-banking financial companies (NBFCs) on Thursday, the finance ministry said."The engagement with NBFCs was aimed at fostering an open exchange of ideas on specific issues. Detailed discussions with...
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New Delhi, March 2 Non-banking financial companies (NBFCs) specializing in gold loans are expected to see healthy profitability in the medium term, with an estimated average return on managed assets (RoMA) in the range of 4.25-4.5 per cent next fiscal, according to a report.This increase in...
Mumbai, March 2 The profitability of non-banking financial companies (NBFCs) focused on gold loans is expected to remain healthy at 4.25-4.5 per cent in FY26 and FY27, driven by strong loan growth, improved operating leverage, and low credit costs, according to a Crisil Ratings report.The...
Amaravati, February 24 The "Investment Bazar" workshop, held here on Tuesday, emphasized the time-bound implementation of identified energy efficiency projects to accelerate sustainable industrial growth in Andhra Pradesh, an official said.Chief Executive Officer of the Andhra Pradesh State...
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Mumbai, February 24 Employees across various sectors are expected to receive an average salary increase of 9.1% in 2026, slightly higher than the 8.9% increase received last year, according to a survey released on Tuesday.The projected 9.1% salary increase reflects a slight increase from the...
Mumbai, February 10 The RBI announced on Tuesday that Tata Motors Finance and Piramal Enterprises have surrendered their registration certificates.Both entities had merged with associate companies in the recent past.Along with these two entities, six other non-banking financial companies...
Mumbai, February 10 The RBI proposed on Tuesday to exempt non-deposit-taking non-banking financial companies, with an asset size of less than Rs 1,000 crore, from registration and classify them as Type-I NBFCs, with the aim of reducing compliance requirements.In a draft circular, the RBI...