Daily Latest News
Last Updated:March 09, 2026, 5:30 PM IST Fixed deposit returns remain one of the most trusted and secured investment tools in India. Multiple NBFCs offer higher FD interests than traditional banks. (Representative Image) When we hear the word ‘fixed deposit’, it is the promise of a safe and secure traditional banking network that usually rings…
New Delhi: The Indian commercial banking sector remained resilient during 2024-25 and 2025-26 so far, supported by double-digit balance sheet expansion while asset quality strengthened further, with the gross non-performing assets (GNPA) ratio declining to a multi-decadal low of 2.1 per cent at end-September this year, according to an RBI report released on Monday. Deposits…
New Delhi: Foreign institutional investors (FIIs) have net sold shares worth Rs 21,104 crore in December, but there are signs of a reversal of foreign institutional investor outflows due to macro strength and earnings visibility, analysts said on Saturday. Strengthening of the currency in the last two days has helped to stem the tide of…
New Delhi: Digital non-banking financial companies (NBFCs) are now central to India’s personal loan market, significantly contributing to the expansion of formal credit, and digital personal loans remain critical to the nation’s credit landscape, a report said on Wednesday. In the first half of the current financial year (H1 FY26), 6.4 crore digital personal loans,…
New Delhi: These days, more and more people are looking for ways to get a credit card without opening a regular bank account. The idea is simple — greater convenience, flexibility, and faster access to credit. Thanks to technology and financial inclusion initiatives, it’s becoming easier than ever to apply for a credit card without…
New Delhi: The Sanchar Saathi mobile app, an initiative of the Department of Telecommunications (DoT) to report fraudulent calls and messages, has crossed 50 lakh downloads within six months of its launch, the Ministry of Communication said on Saturday. Since the app was launched in January this year, the Sanchar Saathi initiative has led to…
Last Updated:November 23, 2024, 10:00 IST NBFCs have shown a significant growth rate and now hold approximately 25% market share in loans and advances NBFCs In India India is on the path to achieving the goal of becoming the third-largest economy in the world, with a GDP of over $5 trillion in the coming years….
Bengaluru: The government has set the target for all scheduled commercial banks and NBFCs to provide additional MSME credit of Rs 1.54 lakh crore in the current financial year (FY25). The banks and NBFCs should aim at total credit growth of Rs 5.75 lakh crore, Rs. 6.21 lakh crore and Rs 7 lakh crore to…
New Delhi: The Reserve Bank of India (RBI) has directed four non-banking financial companies (NBFCs), including two microfinance institutions (MFIs), to halt the sanction and disbursal of new loans starting on concerns over their excessive interest rates and non-compliance with established financial regulations. According to RBI, Asirvad Micro Finance Limited (Chennai), Arohan Financial Services Limited…