Tag: NBFC
rbi: For many fintechs, NBFC tag may be elusive
Lack of profitable growth, large ownership by international investors and complex shareholding patterns of these investors themselves are a few of the major issues causing…
clix capital funding: Clix Capital secures Rs 1,200 crore debt from global investors
Gurugram-based non-banking lending company Clix Capital has secured around Rs 1,200 crore in debt funding in the current quarter, of which around Rs 164 crore…
onecard: Fintech startups crowd NBFC queue to enter credit lane
Pune-based OneCard and Bengaluru’s WintWealth have applied for licences to operate as non-banking finance companies, people in the know said. These startups intend to join…
RBI’s FLDG norms to hurt certain segments, impact volumes in near term: Report
The Reserve Bank’s new guidelines on first loss default guarantee (FLDG) in digital lending lend much-needed clarity but may adversely impact certain segments, Crisil Ratings…
rbi: RBI issues guidelines for default loss guarantee, provides breather to fintechs
The Reserve Bank of India has introduced a cap of 5% on the first loan default guarantee (FLDG) that is provided by fintechs to their…
IMEF: Sidbi’s India Microfinance Equity Fund doesn’t find many takers
The Rs 300-crore India Microfinance Equity Fund (IMEF), which the Small Industries Development Bank of India (Sidbi) re-launched in November last year, does not seem…
ireda: Government may file draft papers for IREDA public offering by September: DIPAM Secretary
The government is planning to file draft papers for an initial public offering of state-owned Indian Renewable Energy Development Agency (IREDA) by September, a top…
groww: Stock broking startups Groww, Upstox eye lending, payments to expand revenue base
Broking startups that disrupted the traditional world of stock trading and investments are looking to diversify their revenue base. Just like other fintechs expanding from…
bharatpe: BharatPe acquires 51% in NBFC Trillion Loans to bolster lending play
Fintech platform BharatPe said Tuesday that it has acquired a majority stake in Mumbai-based non-banking financial company (NBFC) Trillion Loans in an effort to boost…
NewTap Technologies: Kunal Shah’s NewTap Technologies in talks to raise $50-$70 million to push lending business
Kunal Shah-backed Cred is bolstering its credit play as it looks to raise separate capital for its non-banking finance company (NBFC) NewTap Technologies, at least…