Browsing: NBFC

Effective January 1, RBI requires regulated entities in co-lending to retain 10% of each loan on books, cap default loss guarantee at 5%, and align asset classification between partners

Shares of Paisalo Digital gained over 1.5% intraday on Tuesday after the LIC-backed small-cap NBFC announced plans to raise ₹50 crore via non-convertible debentures (NCDs). The move comes amid broader market softness and follows a significant correction in the stock over the past year.

Mahaveer Finance raised Rs 200 crore in its first venture round led by Elevation Capital. The Chennai-based NBFC plans to expand its loan book, invest in tech, and diversify into products like LAP. With 80+ branches across South India, it targets Rs 5,000 crore in assets and Rs 100 crore monthly disbursals.

The Reserve Bank of India has instructed finance companies to exclude default loss guarantees (DLGs) from fintech firms when provisioning for stressed loans, impacting digital lending service providers. NBFCs must now make full provisions on these loans, diminishing their appeal for new business.

The Reserve Bank of India (RBI) is considering easing investment norms for regulated entities (REs) in alternative investment funds (AIFs), following earlier restrictions aimed at financial discipline. A draft proposal suggests capping a single RE’s contribution to an AIF scheme at 10% of its corpus, with a 15% ceiling for all RE investments in a scheme.

LIC-owned Paisalo Digital has approved the issuance of Non-Convertible Debentures (NCDs) worth up to ₹50 crore at a 10 per cent coupon rate, maturing in 24 months. Despite recent gains in May, the NBFC’s stock remains over 47 per cent down year-on-year.

Standard Capital Markets is engaged in a variety of financial activities, including lending, securities, advisory services and more. The NBFC has approved the issuance of NCDs worth Rs 900 crore in one or more tranches on a private placement basis.

Homegrown defence technology company Vayudh on Tuesday said it has raised $10 million in a…

Navyug Global Ventures Pvt Ltd, an investment firm founded by entrepreneur Nikhil Chandan, has invested…

The Tamil Nadu Online Gaming Authority, on Friday, came out with new regulations for online real money games in…