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Passenger vehicles sales stood at 2,23,498 units in October 2018.

Festive demand drives up PV retail sales to 11 per cent in October

Two-wheeler sales increased 5 per cent to 13,34,941 units last month as compared with 12,70,261 units in the year-ago...

20 Nov 2019 3:29 AM IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

NBFCs with Rs 500 cr assets can go for insolvency resolution

On Friday, the ministry notified the framework for dealing with systemically important FSPs, excluding banks.

19 Nov 2019 9:35 AM IST

In the last sectoral meeting with the real estate sector representatives and homebuyers, Finance Minister Nirmala Sitharaman, on Sunday, said that she would soon address issues affecting the sector and other stakeholders.

4 real estate cos from three cities requests to avail bailout fund: FM

The government approved a Rs 25,000 crore fund to help complete over 1,600 stalled housing projects.

16 Nov 2019 11:11 AM IST

In India, banks will face the maximum pressure on income from card transactions and fees, with free payments putting 8.4 per cent of the payments revenue at risk.

Bank credit growth to moderate to 8.5 pc in FY20: Icra

Icra expects year-on-year credit growth to decline to 6.2-6.8 per cent in FY20 from 13.5 per cent in the last financial...

4 Nov 2019 3:35 PM IST

Reserve Bank of India (RBI)

RBI revamps departments for effective supervision, regulation of...

Reserve Bank had separate departments for supervisory, regulatory functions which were integrated into two unified...

2 Nov 2019 12:27 PM IST

The rupee fell against the dollar as the greenback strengthened post Fridays upbeat US non-farm payroll data.

MFIs raise Rs 14,000 crore via securitisation in H1

The rise in securitisation is being driven by the inadequate funding available to NBFC-MFIs from conventional sources,...

12 Dec 2019 1:20 AM IST

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by NBFC Bajaj Finance with its customers. (Photo: ANI)

RBI imposes monetary penalty of Rs 10 million on Bajaj Finance

The order is dated Jan 3 and penalty has been imposed in the exercise of powers vested in RBI under relevant provisions...

15 Jan 2019 2:52 PM IST

Shaktikanta Das

Will take steps if there is liquidity shortage: RBI Governor

Banks have been asked to look at the viability of individual proposals for loan restructuring of MSMEs.

7 Jan 2019 2:13 PM IST

A loan seeker with a low score may always start off with an NBFC or an HFC as they have a more relaxed approach towards credit scores.

Make 2019 year of MSMEs

The MSMEs, who provide a total of 11 crore jobs, need around Rs 45 lakh crores, of which just 17.4 per cent is given by...

3 Jan 2019 1:13 AM IST

The coupon for retail investors are in the range of 9.10-9.35 per cent, while for institutional investors it is 9-9.20 per cent. (Photo: Twitter)

L&T Finance to raise up to Rs 1,500 cr via NCDs

In the first tranche, it is offering three bonds maturing in 36, 60 and 120 months.

28 Feb 2019 5:42 PM IST

Bajaj Finserv, through its lending arm, Bajaj Finance Ltd., has announced a new feature hybrid flexi option.

Get cash on your terms with flexi business loans from Bajaj Finserv

Rather than relying on traditional forms of credit, borrow funds like you run your business with a Flexi Business Loan...

28 Feb 2019 4:25 PM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

5 special loans for the 21st generation

Nowadays, millenials seize on every opportunity to make bigger investments.

28 Feb 2019 2:41 PM IST