Search result for 'disbursement'

Govt Disburses Rs 1,596 Cr in PLI Schemes: Electronics & Pharma Lead

January 21, 2025 14:27

India's government has disbursed Rs 1,596 crore under Production-Linked Incentive (PLI) schemes for 6 sectors in Apr-Sep 2023-24, with electronics & pharma leading the way. Learn more.

Sundaram Home Finance Targets Rs 50 Cr Disbursements in Chennai

January 21, 2025 10:42

Sundaram Home Finance opens a new branch in Tambaram, Chennai, targeting Rs 50 crore disbursements in the next 12 months. The company focuses on affordable housing and small business loans.

Orb Energy Funds SMEs' Solar Transition: Rs 300 Crore Milestone

January 13, 2025 18:12

Orb Energy surpasses Rs 300 crore in financing for SMEs adopting solar energy, offering zero-collateral, zero-down payment solutions to address energy challenges and transition to cost-effective...

IREDA Net Profit Jumps 27% to Rs 425 cr in Q3

January 10, 2025 09:41

IREDA's net profit soared 27% to Rs 425.37 crore in Q3 FY25, driven by higher revenues. Revenue from operations also witnessed a significant increase.

Securitisation Volumes Surge 80% in Q3: Icra

January 6, 2025 19:21

Securitisation volumes in India jumped 80% in Q3 FY25, driven by private sector banks. Icra expects FY25 volumes to reach Rs 2.4 lakh crore, up from earlier estimates.

IIFCL to Grow Book Size by Rs 1 Lakh Cr in 3 Years

January 6, 2025 14:55

India Infrastructure Finance Company (IIFCL) is poised for significant growth, aiming to increase its book size by Rs 1 lakh crore in the next three years, according to DFS Secretary M Nagaraju.

EPFO Launches Centralized Pension System: 68 Lakh Pensioners Benefit

January 3, 2025 17:57

EPFO's new Centralized Pension Payments System (CPPS) is now live across India, enabling pensioners to withdraw their benefits from any bank. Over 68 lakh pensioners will benefit from the...

REC Loan Disbursements Surge 18% in Q3 to Rs 54,692 cr

January 3, 2025 17:40

REC Ltd's overall loan disbursements rose by 18% to Rs 54,692 crore in Q3 FY25, driven by strong growth in renewable energy loans. The company disbursed Rs 6,314 crore for renewable energy...

Maharashtra Govt Approves Mumbai Bank for Salary Disbursal

January 2, 2025 16:38

Maharashtra government approves opening of accounts at Mumbai District Central Cooperative Bank for salary disbursal of government employees. The decision was taken at a cabinet meeting chaired by...

Govt Approves Rs 246 Cr PLI Incentive for M''M, Tata Motors

January 2, 2025 15:03

India's Ministry of Heavy Industries approved Rs 246 crore PLI incentive claims from Mahindra ''M and Tata Motors for their electric vehicle production. The scheme aims to boost India's...

IREDA Loan Disbursement Surges 41% to Rs 17,236 cr in Q3

January 1, 2025 09:51

IREDA's loan disbursement grew by 41% to Rs 17,236 crore in the December quarter, reflecting the agency's commitment to India's renewable energy transition. The company also saw a significant...

Post Office Act: New Rules & Regulations for Citizen Services

December 26, 2024 22:22

India's government introduces new Post Office Act regulations, focusing on citizen services, employment generation, and digital initiatives. Learn more about the key changes and their impact.

Sundaram Home Finance Enters Andhra Pradesh Market

December 24, 2024 15:33

Sundaram Home Finance launches its Emerging Business segment in Andhra Pradesh, aiming for Rs 75 crore disbursements through 12 branches and offering small business loans and affordable housing...

Telecom PLI: Jabil, Nokia Top Beneficiaries - Rs 331.8 Cr Disbursed

December 18, 2024 20:49

The Indian government has disbursed Rs 331.86 crore in telecom PLI incentives as of October 31, with Jabil Circuit and Nokia leading the list of beneficiaries. Learn more about the scheme and its...

UP Govt Assures Electronics Industry Incentives

December 16, 2024 19:25

Uttar Pradesh government assures timely disbursement of incentives to electronics industry, aiming to attract manufacturers and boost production. The state currently accounts for a significant...

Satin Creditcare Focuses on Risk Management for Growth

December 15, 2024 11:17

Satin Creditcare Network Ltd (SCNL) is prioritizing innovative risk management and efficient collection mechanisms to drive growth amid industry challenges. The company's Chairman discusses...

Bihar Govt Disburses Financial Aid for Entrepreneurs

December 11, 2024 20:59

Bihar government to distribute second installment of financial aid to entrepreneurs under Mukhyamantri Udyami Yojana and Bihar Laghu Udyami Yojana. The event will be held on December 12, 2023.

CarDekho SEA Raises $60 Million for Used Car Financing Growth

December 11, 2024 11:31

CarDekho's South Asia unit raises USD 60 million from Navis Capital and Dragon Fund to expand used car financing operations in Indonesia and the Philippines.

PM-KUSUM Scheme Review: Parliamentary Panel Highlights Gaps

December 10, 2024 18:44

A Parliamentary panel calls for a review of the PM-KUSUM scheme, citing delays and insufficient subsidy. The report highlights challenges faced by farmers and recommends modifications for improved...

MFI Disbursements Drop 10% in Q2: Credit Quality Concerns

December 9, 2024 19:31

Microfinance institutions saw a 10% drop in disbursements in Q2 as credit quality deteriorated. MFIN reports a rise in loan defaults and a cautious approach by lenders.

PM-KISAN: Rs 20,657 Cr Disbursed to 9.58 Cr Farmers

December 6, 2024 16:09

Indian government disbursed Rs 20,657 crore to over 9.58 crore farmers in the 18th installment of PM-KISAN scheme, providing financial assistance for land-holding farmers.

Bank of Baroda to Disburse EPS Pension in West Bengal

December 5, 2024 17:32

Bank of Baroda has been designated as the pension disbursing bank in West Bengal under the Employees' Pension Scheme (EPS), 1995, offering services through its extensive network.

Rooftop Solar Installations Surge in India: 10 Lakh Target by FY'25

December 4, 2024 18:45

India's rooftop solar installations are accelerating, with 10 lakh installations expected by fiscal end. The government has implemented several measures, including IT system upgrades and...

Rs 1000 cr Space Venture Fund Disbursement in Q1 FY26: Pawan Goenka

December 2, 2024 20:28

IN-SPACe aims to start disbursing Rs 1000 crore venture capital fund for space sector startups in Q1 FY26. The fund, approved by the Union Cabinet, is expected to support 40 startups.

EPFO Invests Rs 34,208 cr in ETFs: Parliament

December 2, 2024 19:14

EPFO invested Rs 34,207.93 crore in exchange traded funds (ETFs) during April-October 2024, Parliament was informed. Learn more about EPFO's investment strategy and its impact on retirement funds.

RBI Lifts Restrictions on Navi Finserv: Sachin Bansal's Company Resumes Loan Disbursements

December 2, 2024 17:56

The Reserve Bank of India has lifted restrictions on Navi Finserv, allowing the company to resume loan disbursals after addressing concerns over its lending practices. The decision follows several...

RevFin Aims to Finance 20 Lakh EVs in 5 Years: CEO

December 1, 2024 10:30

RevFin, an electric vehicle financing platform, aims to finance 20 lakh vehicles and disburse Rs 20,000 crore in loans over the next five years. The company plans to raise USD 50 million in equity...

Sundaram Home Finance Expands in Central TN, Targets Rs 30 Cr Disbursements

November 27, 2024 15:29

Sundaram Home Finance announces plans to expand in central Tamil Nadu, targeting Rs 30 crore in loan disbursements over the next year. The company plans to open new branches in Tiruchirappalli,...

BLS E-Services Acquires Stake in Aadifidelis Solutions for Rs 123 Cr

November 26, 2024 20:07

BLS E-Services has acquired a 57% controlling stake in Aadifidelis Solutions, a loan distribution and processing company, for Rs 123 crore. This acquisition will help BLSe expand its business...

TCS Wins Defence Pension Processing Contract Extension

November 26, 2024 13:45

TCS has secured a 3-year extension of its contract to process pensions for 30 lakh defence personnel, streamlining the process and saving the government Rs 250 crore annually. The company has also...

IIFCL Seeks Infra Tag for Space Sector Financing

November 24, 2024 16:13

IIFCL requests government to include space sector in infrastructure list for easier financing of satellite vehicle manufacturing. The move aims to support India's growing space industry and attract...

Karnataka CM Seeks Higher Farm Loans: Meets Sitharaman

November 21, 2024 12:39

Karnataka CM Siddaramaiah met Union Finance Minister Nirmala Sitharaman to request an increase in the short-term agricultural loan limit for 2024-25. The state aims to disburse Rs 25,000 crore to...

Govt Expedites Chinese Technician Visas for PLI Firms

November 20, 2024 19:03

India's government has taken steps to expedite visas for Chinese technicians working in PLI scheme companies, addressing delays and providing relief to firms. The initiative has seen significant...

COP29: India Urges Rich Nations to Fund Climate Adaptation

November 20, 2024 13:46

India calls on developed countries to increase climate adaptation funding for developing nations, highlighting the growing threat of extreme weather events and the need for a more efficient...

Coal India Relocates Township for Coal Mining in MP

November 17, 2024 12:08

Coal India's NCL plans to relocate Morwa township in Singrauli, MP, due to 600 million tonnes of mineable coal underneath. The project involves 30,000 families and is estimated to cost over Rs...

IIFCL Plans Subsidiary for Asset-Backed Securities

November 10, 2024 14:09

India Infrastructure Finance Company Ltd (IIFCL) plans to establish a subsidiary to issue asset-backed securities (ABS) and covered bonds, aiming to securitize its assets and conserve capital for...

New Pension System Pilot Run Successful: Mandaviya

November 8, 2024 18:55

India's Labour Minister announces successful pilot run of the Centralized Pension Payments System (CPPS) for Employees' Pension Scheme 1995, aiming to streamline pension disbursement.

PFC Q2 Profit Up 9% to Rs 7,215 cr: Key Highlights

November 8, 2024 16:49

Power Finance Corporation (PFC) reported a 9% rise in Q2 profit to Rs 7,215 crore, driven by higher revenues. The company also witnessed growth in loan assets and a decline in bad loans.

Sundaram Home Finance Enters Chhattisgarh: Rs 50 Cr Disbursements Targeted

November 7, 2024 14:54

Sundaram Home Finance expands into Chhattisgarh with a new branch in Raipur, aiming for Rs 50 crore disbursements in the first year. The company targets salaried and self-employed individuals with...

FinMin Urges PSU Banks to Meet Agri-Allied Loan Targets

November 6, 2024 16:47

The finance ministry has asked public sector banks (PSBs) to meet loan targets for the agri-allied sector, stressing the importance of the sector in driving agricultural growth and rural employment.

Sundaram Home Finance Reports Q2 Net Profit of Rs 44 Crore

October 30, 2024 20:28

Sundaram Home Finance reported a net profit of Rs 44 crore for the July-September 2024 quarter, with disbursements growing to Rs 1,543 crore. The company plans to continue its growth trajectory in...

Navi Finserv Allowed Home Loan Disbursals: RBI

October 29, 2024 17:35

Navi Finserv can now disburse home loans sanctioned before October 20, 2024, as per RBI's decision. The permission is valid until December 31, 2024, offering relief to homebuyers.

REC Q2 Profit Up 7% to Rs 4,037 Cr, Loan Disbursement at Rs 47,303 Cr

October 26, 2024 17:42

REC Ltd's net profit rose 7% to Rs 4,037.72 crore in Q2 FY25, driven by higher income. Loan disbursement stood at Rs 47,303 crore, with Rs 5,946 crore allocated to renewable energy.

Cholamandalam Investment Q2 PAT Up at Rs 967.80 cr

October 25, 2024 19:31

Cholamandalam Investment and Finance Company Ltd reported a consolidated profit after tax of Rs 967.80 crore for Q2 FY25, up from Rs 772.87 crore in the same period last year. Total income and AUM...

Mahindra Finance Q2 Net Profit Up 36%: Strong Growth in September Quarter

October 22, 2024 21:21

Mahindra Finance reported a 36% jump in consolidated net profit for the September quarter, reaching Rs 390 crore. Read about the company's performance, loan growth, and key financial highlights.

Union Bank CEO: Sluggish Capex, Pricing War Hit Loan Growth

October 22, 2024 21:06

Union Bank of India's CEO attributes slow loan growth in Q3 to sluggish capex demand and intense competition for borrowers. The bank is targeting 11-13% loan growth for FY24.

RBI Gold Loan Rules: Impact on Growth & Delinquencies - Crisil

October 22, 2024 20:16

Crisil predicts RBI's new gold loan regulations could slow down loan growth and lead to higher delinquencies in the near term, but ultimately believes credit losses will remain under control.

Kangra Airport Expansion: Rs 3,500 Crore Compensation to Land Owners

October 21, 2024 21:40

Himachal Pradesh CM Sukhvinder Singh Sukhu announces Rs 3,500 crore compensation for land acquisition for Kangra airport expansion, starting with Jugehar village. The project aims to boost tourism...

L&T Finance Q2 Profit Up 17%, Challenges Ahead

October 18, 2024 21:29

L&T Finance reported a 17% rise in Q2 net profit to Rs 696 crore, but expects challenges in the next six months due to sectoral headwinds and a volatile macro environment.

RBI Bans Navi Finserv, 3 NBFCs From Loan Disbursement

October 17, 2024 19:31

The Reserve Bank of India has barred Navi Finserv and 3 other NBFCs from disbursing loans due to concerns over usurious pricing and non-compliance with regulatory guidelines. The action follows...

TVS Credit Services Q2 PAT Rises 20% to Rs 161 Cr

October 15, 2024 16:13

TVS Credit Services reports a 20% increase in profit after tax for the July-September quarter, reaching Rs 161 crore. The company's total income also grew by 17% during the period.

Biz2X Surpasses Rs 9,000 Cr in Loans: Digital Lending Growth

October 15, 2024 15:08

Biz2X, a digital lending platform, has surpassed Rs 9,000 crore in loan disbursements, driven by its AI-integrated platform DigiKred. The company is expanding into global markets and aims to...

SBI to Increase Instant Loan Limit for MSMEs

October 13, 2024 13:37

SBI plans to raise the threshold for its instant loan scheme for MSMEs, aiming to simplify access to credit and bring more businesses into the formal lending system.

Ireda Q2 Profit Surges 36% to Rs 388 cr | Renewable Energy News

October 10, 2024 18:40

State-owned Ireda's net profit jumped 36% to Rs 388 crore in Q2 FY24, driven by higher revenues and loan sanctions. Read more about the company's performance and growth in the renewable energy sector.

Muthoot Finance Gold Loans Now Available on Google Pay

October 7, 2024 21:45

Muthoot Finance announces that its flagship gold loans can now be availed using Google Pay, offering quick approvals, competitive interest rates, and flexible repayment options.

REC Disburses Rs 90,955 Cr Loan in April-June FY25

October 5, 2024 19:32

REC, a state-owned power sector financing company, disbursed Rs 90,955 crore in loans during April-June FY25, with a 20.10% YoY increase. Green loans accounted for Rs 11,297 crore, a 92.68% rise.

PM-KISAN: Rs 20,000cr 18th Installment Released, Maha Farmers Get Additional Funds

October 4, 2024 16:38

Prime Minister Modi releases Rs 20,000 crore as the 18th instalment of PM-KISAN, benefiting over 9.4 crore farmers across India. Maharashtra farmers receive an additional Rs 2,000 crore under the...

MFIs: Asset Quality & Loan Growth Hit by Lending Limit

October 3, 2024 20:56

Utkarsh Small Finance Bank CEO discusses impact of limiting lending relationships to 4 on asset quality and loan growth. The move is aimed at improving credit discipline in the microfinance industry.

West Bengal Tea Garden Workers: 16% Bonus Urged

October 1, 2024 14:37

West Bengal government urges hill tea gardens to pay a 16% bonus to workers for fiscal 2023-24, aligning with the Dooars and Terai regions' decision. The move aims to maintain parity and prevent...

IREDA Loan Sanctions Surge 300% to Rs 17,869 Crore

October 1, 2024 12:28

IREDA's loan sanctions jumped 303% year-on-year to Rs 17,860 crore in April-September, reflecting strong demand for clean energy financing.

RRBs to Boost Credit in Northeast India

September 30, 2024 22:33

Finance Minister directs Regional Rural Banks to increase credit disbursement under govt schemes and support agriculture, horticulture and allied activities in Northeast India.

SpiceJet Clears Pending Salaries After Funding

September 26, 2024 15:25

SpiceJet has cleared all pending salaries after securing a fresh capital infusion of Rs 3,000 crore. The airline had been delaying salaries due to liquidity crunch.

Gold Loans to Hit Rs 10 Lakh Cr by FY25: Icra

September 25, 2024 20:16

Gold loans by banks and NBFCs are set to reach Rs 10 lakh crore by FY25-end, driven by rising gold prices and strong demand. Icra expects further growth in the coming years.

ADB: IMF Deal to Boost Pakistan's Growth - Economic Reforms Key

September 25, 2024 19:27

The Asian Development Bank (ADB) says Pakistan's economic reforms supported by an IMF deal will accelerate growth and ease inflation. The report highlights the IMF's role in economic stability and...

IMF to Discuss Sri Lanka Loan with New President

September 24, 2024 09:40

The IMF will discuss the timing of the next review of Sri Lanka's loan program with the new government led by President Anura Kumara Dissanayake.

Sahara Group Depositors Refund Cap Increased to Rs 50,000

September 18, 2024 18:26

The Indian government has raised the refund cap for Sahara Group depositors to Rs 50,000, allowing more small depositors to claim their funds. Over Rs 370 crore has been disbursed so far.

CGTMSE Boosts Credit Guarantee for Women-Led MSMEs

September 17, 2024 16:51

India's CGTMSE scheme now offers 90% credit guarantee coverage for women-led MSMEs, benefiting 27 lakh businesses. The move aims to enhance access to collateral-free credit for women entrepreneurs.

Govt's Farmer-Friendly Policies: Rs 15 Lakh Crore in 100 Days

September 17, 2024 11:56

India's government has implemented farmer-centric policies in its first 100 days, focusing on productivity and exports. Key initiatives include PM-KISAN, MSP hikes, and ethanol production boost.

Sundaram Home Finance Targets Rs 225 Cr in MP

September 10, 2024 15:41

Sundaram Home Finance aims to disburse Rs 225 crore in Madhya Pradesh this year, with the opening of a second branch in Indore. The company sees growth potential in the state's real estate and MSME...

Declining Bank Credit Hurts Exporters: Meeting with Goyal on Sep 11

September 8, 2024 16:06

Exporters are facing a decline in bank credit, impacting their ability to compete globally. The issue will be raised in a meeting with Commerce Minister Piyush Goyal on September 11.

Shriram Finance to Raise USD 1 Billion Overseas

September 8, 2024 15:31

Shriram Finance plans to raise USD 1 billion from overseas in the next six months to fund business growth. The NBFC will also raise funds from development financial institutions like ADB, Kfw, and...

Caspian Debt Merges with BlackSoil Capital: Creating Largest Alternative Credit Player

September 4, 2024 18:42

Caspian Impact Investments and BlackSoil Capital are merging to create BlackSoil, a leading alternative credit player with over Rs 2,000 crore AUM. The merger will enhance market presence and...

India's EPFO to Launch Centralized Pension System in Jan 2025

September 4, 2024 16:07

India's EPFO will introduce a centralized pension payment system in January 2025, allowing pensioners to withdraw their funds from any bank across the country. This move aims to simplify pension...

Rose Valley Ponzi Scheme: ED Restitutes Rs 19.40 Cr to Investors

August 30, 2024 18:45

The Enforcement Directorate facilitated the restitution of Rs 19.40 crore to defrauded investors of the Rose Valley Group Ponzi scheme, as per a special PMLA court order in Kolkata.

Sri Lanka Debt Deal: Renegotiation Risks IMF Bailout

August 29, 2024 16:35

Sri Lanka's foreign minister warns renegotiating debt terms could jeopardise IMF bailout, impacting World Bank and ADB funding. Economic instability is a risk.

L&T Finance Sees Uptick in Auto Demand, Microfinance Improvement in H2 FY25

August 28, 2024 13:54

L&T Finance expects a rise in automobile demand during the festive season due to good monsoon and an improvement in microfinance in the second half of FY25.

Neogrowth Disburses Rs 650 cr to Women-Led Businesses in FY24

August 26, 2024 21:50

Neogrowth, a digital lender, has disbursed Rs 650 crore to women-led businesses in FY24, a 34% increase from the previous year. The company disbursed 3,600 loans to women-owned MSMEs, with 41%...

JN Port to Boost Capacity to 10 Million TEUs by April 2025

August 22, 2024 20:31

Jawaharlal Nehru Port (JNPA) to increase container handling capacity to 10.4 million TEUs by April 2025, becoming the first 100% landlord port in India. The port also announced new infrastructure...

JN Port to Reach 10 Million TEUs Capacity: Sonowal

August 22, 2024 16:33

Jawaharlal Nehru Port (JNPA) is expanding its container handling capacity to 10 million TEUs, with the upcoming Vadhvan Port in Maharashtra expected to create 10 lakh jobs. The minister also...

Gold Loan Market to Double by 2029: PwC India

August 22, 2024 15:38

India's organized gold loan market is expected to reach Rs 14.19 lakh crore by FY 2029, driven by digital platforms and rising gold prices. Read more from PwC India.

NBFC Asset Growth to Moderate in FY25, NPAs Likely to Rise: Icra

August 21, 2024 17:50

Icra Ratings forecasts a slowdown in NBFC asset growth in FY25, with NPAs expected to rise due to factors including regulatory measures and concerns over unsecured and top-up loans. The sector...

RRBs to Devise Products for MSME Clusters: FM

August 19, 2024 19:39

Finance Minister Nirmala Sitharaman urges Regional Rural Banks (RRBs) to create products tailored to MSME clusters, promoting financial inclusion and credit access to small and micro enterprises.

NITI Aayog Calls for PMMY Loan Guidelines & E-KYC

August 16, 2024 15:44

NITI Aayog recommends guidelines and E-KYC for PMMY loan applicants to enhance creditworthiness assessment and background verification, ensuring loan sustainability and success.

Piramal Enterprises Q1 Profit Dips 64% to Rs 181 cr

August 13, 2024 18:43

Piramal Enterprises reported a 64% decline in Q1 net profit to Rs 181 crore, impacted by a higher base last year. The company's core net interest income grew 18% to Rs 807 crore.

Sundaram Home Finance Targets Rs 450 Cr in Maharashtra

August 9, 2024 16:26

Sundaram Home Finance aims to disburse Rs 450 crore in Maharashtra this year, opening its second branch in Pune. The company sees strong demand for home loans in the state, particularly in Navi...

India Shelter Finance Q1 Profit Surges 77% - Rs 84 Crore

August 8, 2024 21:18

India Shelter Finance Corporation reported a 77% YoY surge in Q1 FY25 profit to Rs 84 crore, driven by strong AUM growth and increased disbursements. The company's AUM rose 37% to Rs 6,509 crore.

TVS Credit Services Reports 20% Net Profit Hike in Q1 FY'25

August 7, 2024 17:46

TVS Credit Services reported a 20% increase in net profit for the April-June 2024 quarter, reaching Rs 140.43 crore. The company's total income also grew significantly.

UPI Credit Disbursement Hits Rs 10,000 Cr Monthly

August 6, 2024 19:56

India's Unified Payments Interface (UPI) sees a surge in credit transactions, with Rs 10,000 crore disbursed monthly. Credit card features and pre-sanctioned lines drive growth.

Sahara Group Probe Underway: FM Sitharaman

August 5, 2024 16:30

Finance Minister Nirmala Sitharaman confirms SFIO investigation into Sahara group, addressing investor concerns and Supreme Court oversight.

Mudra Loan NPAs Fall to 3.4%: Sitharaman

August 5, 2024 14:38

Public sector banks' non-performing assets (NPAs) associated with Mudra loans have declined to 3.4% in 2023-24, according to Finance Minister Nirmala Sitharaman.

Clix Capital Raises Rs 220 Crore from Apollo & Others

August 1, 2024 14:14

Non-bank lender Clix Capital secures Rs 220 crore funding from Apollo Global Management, Pramod Bhasin, and Anil Chawla to bolster lending capabilities in MSME, healthcare, and education.

PLI Scheme: Rs 9,721 Crore Incentives Claimed for 9 Sectors

July 30, 2024 19:56

India's PLI scheme for 9 sectors, including electronics and pharmaceuticals, has seen Rs 9,721 crore in incentive claims, with a total investment of Rs 1.23 lakh crore. Learn more about the...

Sundaram Home Finance Expands Outside South India

July 30, 2024 14:08

Sundaram Home Finance is steadily increasing its presence outside South India, with a focus on tier 3 and 4 towns and a new 'Emerging Business' segment for affordable housing and small business loans.

Sahara Depositors Receive Rs 370 Cr Through Portal

July 29, 2024 19:01

Indian government releases Rs 370 crore to over 4.29 lakh depositors of Sahara cooperative societies through an online portal, following a Supreme Court order.

India's Digital Economy to Reach 20% of GDP by 2026: RBI Report

July 29, 2024 16:25

A new RBI report predicts India's digital economy will grow significantly, reaching 20% of GDP by 2026. The report highlights the impact of digitalization on finance, banking, and the economy.

Digital Finance & Next-Gen Banking: RBI Governor

July 29, 2024 14:28

RBI Governor highlights digitalisation's impact on banking, emphasizing next-generation services, affordable finance, and challenges like cybersecurity and data privacy.

Star Housing Finance Reports 70% Revenue Growth

July 27, 2024 15:44

Star Housing Finance Ltd (Star HFL) reported a 70% jump in revenue for the April-June quarter, driven by strong growth in interest income and commission fees. Total revenue reached Rs 20.96 crore,...

Cholamandalam Investment Reports Q1 PAT Up 29.7% - Rs 942 cr

July 26, 2024 18:13

Cholamandalam Investment and Finance Company reports a 29.7% rise in Q1 FY24 profit after tax to Rs 942 crore, driven by strong growth in disbursements and assets under management.

Japan Resumes Yen Loan Projects in Sri Lanka

July 24, 2024 19:37

Japan has resumed funding Yen Loan Projects in Sri Lanka after the country's successful debt restructuring. This decision marks a significant step in Sri Lanka's economic recovery.

Sahara Group: Rs 362 cr Disbursed to Depositors - Amit Shah

July 24, 2024 18:16

Cooperation Minister Amit Shah informs Parliament that Rs 362.91 crore has been disbursed to over 4.2 lakh depositors of Sahara Group Cooperative Societies as of July 16, 2024. The disbursement is...

Govt Support for MSME Digitization: Industry Leader's View

July 22, 2024 19:16

Confederation of Indian Industry National MSME Council Co-Chairman calls for active government support in digitizing MSMEs and expanding market access.

Moneyboxx Finance Raises Rs 271 Cr for Growth

July 17, 2024 17:28

Moneyboxx Finance, an NBFC focused on impact financing, raised Rs 271 crore through equity issuance to support its growth plans, including expanding its branch network and achieving Rs 1,400 crore...

Caspian Debt Disburses Rs 5,019 Cr to 140 Enterprises in FY24

July 14, 2024 18:40

Caspian Debt, a provider of customised debt financing, has disbursed Rs 5,019 crore to 140 enterprises in FY24, supporting sectors like food and agriculture, clean technologies, and financial...

Ireda Net Profit Soars 30% to Rs 383.69 Cr in Q1

July 12, 2024 23:04

Ireda, India's largest green financing NBFC, reports over 30% growth in net profit for Q1 FY24-25, reaching Rs 383.69 crore. The company also achieved record-breaking financial result publication...

India Funds Solar Plant in Guyana: USD 2.5 Million LoC

July 8, 2024 20:24

India provides USD 2.5 million line of credit (LoC) to Guyana for the installation of a solar power plant at Cheddi Jagan International Airport. The project will be funded by Exim Bank.

SBI Announces Initiatives for Agri Loan Portfolio & NRI Services

July 4, 2024 16:30

SBI unveils 11 new initiatives including digital banking enhancements, Agri processing cells, and a new Global NRI Centre to bolster its services and mitigate risks.

IREDA Loan Surges to Rs 9,136 Crore in Q1 FY25

July 1, 2024 15:01

IREDA's sanctioned loan grew manifold to Rs 9,136 crore in April-June FY25, with disbursements also rising significantly. Learn more about the company's commitment to renewable energy.

REC Loan Sanctions Surge 24% in Q1 FY25, Renewables Get Rs 40k Cr

July 1, 2024 12:24

REC Ltd's loan sanctions grew 24.17% to Rs 1.12 lakh crore in Q1 FY25, with Rs 39,655 crore allocated to renewable energy projects.

Ireda Sanctions Rs 37,354 Cr Loan in FY24

June 24, 2024 18:46

Ireda, a state-owned company, sanctioned Rs 37,354 crore loan and disbursed Rs 25,089 crore in FY24, achieving its highest ever sanction and disbursement.

Indian Startups Raise Millions in Funding

June 20, 2024 16:31

Indian startups OrbitShift, Supermoney, Maxim AI, and Wahter secure funding to expand operations and develop new solutions.

Digital loans up 49 pc in FY24 by value, Rs 1.46 lakh cr disbursed: Industry body

June 18, 2024 20:44

India's digital lending sector saw a 49% growth in FY24, with Rs 1.46 lakh crore disbursed. The Fintech Association for Consumer Empowerment (FACE) reports the surge despite concerns about lending...

Ministries started accepting quarterly applications for PLI incentive claims: Official

June 18, 2024 18:13

India's Production Linked Incentive (PLI) scheme is now accepting quarterly applications for incentive claims. This move aims to expedite the disbursement of incentives to beneficiaries across 14...

IMF Disburses USD 336 Million to Sri Lanka Amid Debt Concerns

June 13, 2024 14:32

The IMF has released the third tranche of USD 336 million to Sri Lanka as part of a USD 2.9 billion bailout package, despite concerns about debt sustainability and economic vulnerability.

14 Orphan Children Admitted in Reputed Schools: CM Sukhu

June 12, 2024 18:33

Himachal Pradesh CM Sukhvinder Singh Sukhu announced that 14 orphan children have been admitted to reputed schools under the Mukhyamantri Sukh Ashray Yojana, providing them with quality education...

Sundaram Home Finance Launches Emerging Business Segment

June 12, 2024 17:14

Sundaram Home Finance launches 'Emerging Business' segment, aiming to disburse Rs 300 crore this year, focusing on Small Business Loans and Affordable Housing financing.

Dvara KGFS Reports 230% Rise in FY'24 Net Profits

May 31, 2024 16:23

Dvara Kshetriya Gramin Financial Services (Dvara KGFS) announced a significant increase in net profit for FY'24, driven by strong loan portfolio growth and improved operational efficiency.

Sundaram Finance Q4 Net Profit: Rs 386 cr

May 24, 2024 19:06

Sundaram Finance reported a net profit of Rs 386 crore for Q4 FY24, with total disbursements reaching Rs 26,163 crore. Read more about the company's financial performance and outlook.

NHPC Parbati-II Hydro Project Completion by Dec 2024

May 22, 2024 18:14

NHPC expects to complete all four units of its Parbati-II hydro electric project in Himachal Pradesh by December 2024, adding 800 MW to its capacity.

IREDA Plans FPO to Fund Renewable Energy Projects

May 21, 2024 18:10

IREDA, a state-owned finance firm, is considering a follow-on public offer (FPO) and perpetual debt to meet its future capital requirements for renewable energy projects. The company's loan...

Muthoot FinCorp Reports Record Loan Disbursements in FY24

May 21, 2024 15:47

Muthoot FinCorp recorded its highest-ever loan disbursements in FY24, reaching Rs 61,703.26 crore, an 18.6% increase year-on-year. The company's net profit also saw a significant rise.

Sundaram Home Finance Eyes Growth in Smaller Towns

May 18, 2024 15:21

Sundaram Home Finance expects continued growth momentum and will focus on expanding into smaller towns in South India, aiming to leverage affordability and drive growth.

Sundaram Home Finance Q4 Profit: Rs 57 cr, Disbursements Cross Rs 5,000 cr

May 18, 2024 11:35

Sundaram Home Finance reports a net profit of Rs 57 crore for Q4 FY24, with disbursements exceeding Rs 5,000 crore. The company witnessed strong growth in Tier II and III towns.

LIC Housing Finance Aims for 10-12% Loan Growth in FY25

May 16, 2024 18:15

LIC Housing Finance aims to accelerate loan growth to 10-12% in FY25, focusing on affordable housing. The company also plans to increase its loan book to Rs 75,000 crore and maintain a net interest...

IIFCL Profit Surges 44% to Record Rs 1,552 Crore in FY24

May 15, 2024 13:27

India Infrastructure Finance Company Ltd (IIFCL) reported a 44% rise in net profit to Rs 1,552 crore in FY24, driven by increased lending and reduced bad loans.

TVS Credit Q4 PAT Surges 33.43% to Rs 148.29 cr

May 10, 2024 15:04

TVS Credit Services Ltd reported a 33.43% rise in Q4 PAT at Rs 148.29 crore, driven by increased demand. The company's AUM stood at Rs 25,900 crore in FY24.

RBI Caps Gold Loan Cash Payment at Rs 20,000 for NBFCs

May 9, 2024 20:03

The Reserve Bank of India has asked NBFCs to stick to a cash payment limit of Rs 20,000 for gold loans, citing Income Tax laws. This move aims to enhance compliance and transition towards digital...

SMFG Invests Rs 1,300 Cr in SMFG India Credit Co for Expansion

May 7, 2024 16:49

Sumitomo Mitsui Financial Group (SMFG) invests Rs 1,300 crore in SMFG India Credit Co (SMICC) for expansion. The investment will be used to fortify expansion efforts and invest in SMFG Grihashakti,...

Aptus Value Housing Finance to Issue NCDs Up to Rs 2,250 cr

May 4, 2024 18:05

Aptus Value Housing Finance India Ltd has approved the issuance of Non-Convertible Debentures (NCDs) up to Rs 2,250 crore through private placements. The company reported a 22% hike in profit after...

Aptus Housing Finance Q4 PAT Up 21% to Rs 164 Cr

May 3, 2024 17:29

Aptus Value Housing Finance reported a 21% increase in profit after tax for Q4 FY24, reaching Rs 164 crore. Total disbursements also saw a significant rise.

REC Q4 Profit Up 33%: Core Income, Provision Write-Back Drive Growth

April 30, 2024 19:28

REC reported a 33% rise in its Q4 net profit to Rs 4,079 crore, driven by strong core income and provision write-back. The company's revenue also grew 25% YoY.

IMF Approves $1.1 Billion Loan to Pakistan: Bailout && Economic Reforms

April 30, 2024 10:45

The IMF has approved a $1.1 billion loan to Pakistan as part of a bailout package, emphasizing economic reforms. This follows the completion of the second and final review of Pakistan's economic...

RBI Orders Lenders to Refund Excess Charges: Fair Practices

April 29, 2024 19:27

The Reserve Bank of India (RBI) has directed banks and lenders to refund excess charges to customers and follow fair practices in charging interest, citing concerns over unfair practices.

IndusInd Bank Pioneers Programmable E-Rupee Transaction in Ratnagiri

April 22, 2024 20:43

IndusInd Bank has executed the first programmable e-rupee transaction in Ratnagiri, Maharashtra, paying farmers for carbon credits. This pilot project aims to scale up to 1,000 farmers and explore...

IREDA Posts Record Rs 1,252 cr PAT in FY24, Q4 Profit at Rs 337 cr

April 19, 2024 22:09

IREDA's net profit surged 33% to Rs 337.37 crore in Q4 FY24, while its annual PAT hit a record Rs 1,252.23 crore, driven by higher income and loan growth.

Sundaram Home Finance Targets Rs 300 Cr Disbursements in Rajasthan

April 19, 2024 16:43

Sundaram Home Finance aims to disburse Rs 300 crore in Rajasthan over the next 2-3 years, expanding its presence in the region with a new branch in Kota and plans for Udaipur.

Andromeda Targets Rs 1 Lakh Cr Loan Disbursals in FY25

April 19, 2024 16:10

Andromeda, a loan distributor, expects 20% growth in loan disbursals to Rs 1 lakh crore in FY25, driven by mortgage demand and digitalization. The company also plans to launch a wealth app for...

Sundaram Home Finance Targets Rs 300 Cr Disbursements in Rajasthan

April 19, 2024 15:01

Sundaram Home Finance aims to achieve Rs 300 crore disbursements in Rajasthan over the next 2-3 years, expanding its presence beyond South India. The company recently opened a branch in Kota and...

Moneyboxx AUM Crosses Rs 720 Cr, Targets Doubling in FY25

April 18, 2024 16:53

Moneyboxx Finance, a NBFC providing small-ticket business loans, saw its AUM more than double in FY24, reaching Rs 720 crore. The company aims to double its AUM to Rs 1,400 crore by March 2025.

RupeeQ Targets Rs 300 Crore Loan Disbursement by 2027

April 16, 2024 16:26

RupeeQ, a digital lending platform, aims to triple its loan disbursement portfolio to Rs 300 crore by 2027, driven by India's growing internet penetration in rural areas.

REC Sanctions Record Rs 3.59 Lakh Crore Loan in FY24

April 8, 2024 14:30

REC, a state-owned NBFC, has sanctioned a record Rs 3.59 lakh crore in loans during FY24, with a significant focus on renewable energy projects. Learn more about the company's performance and loan...

Muthoot Microfin AUM Rises 32% to Rs 12,194 Cr

April 8, 2024 12:48

Muthoot Microfin's AUM surged 32% to Rs 12,194 crore as of March 31, driven by strong loan disbursement and robust asset quality. The company aims to expand its reach further in FY25.

India's 100-Day Agenda: GTRI Recommends E-commerce Reforms, National Trade Network

April 3, 2024 11:09

GTRI proposes a 100-day agenda for the new Indian government, emphasizing e-commerce reforms, a national trade network, and addressing China's growing influence.

Byju's Lays Off 500 Employees Amid Financial Crunch

April 2, 2024 18:52

Byju's is laying off 500 employees, including from sales, amid a financial crunch. The layoffs are part of a business restructuring exercise to streamline operations and reduce costs.

IREDA Logs Highest-Ever Loan Sanctions & Disbursements in FY23-24

April 2, 2024 11:09

IREDA, India's largest Pure-Play Green Financing NBFC, has announced record annual loan sanctions and disbursements in FY23-24, exceeding Rs 37,000 crore and Rs 25,000 crore respectively. This...

UP Pensioners' Issues to be Resolved: Finance Minister

February 28, 2024 17:49

Uttar Pradesh Finance Minister Suresh Kumar Khanna assures timely and error-free pension payments for all pensioners, highlighting the new Pension Directorate building and its purpose.

CEIB Launches Portal for Loan Verification: Streamlined Intelligence for Banks

February 23, 2024 18:44

The Central Economic Intelligence Bureau (CEIB) has launched a portal to expedite antecedent verification for prospective borrowers and bad loans, enabling banks to make faster loan disbursement...

IMF to Work with New Pakistan Govt, Mum on Imran Khan's Election Audit Demand

February 23, 2024 18:05

The IMF is ready to work with Pakistan's new government to ensure macroeconomic stability, but remains silent on Imran Khan's demand for an election audit before approving any new loan.

IMF to Work with New Pakistan Govt, Ignores Imran Khan's Election Audit Demand

February 23, 2024 14:56

The IMF is ready to cooperate with Pakistan's new government for economic stability, but remains silent on Imran Khan's call for an election audit.

Sundaram Home Finance Doubles Disbursements in Maharashtra

February 16, 2024 10:25

Sundaram Home Finance opens a new branch in Navi Mumbai, aiming to double its disbursements in Maharashtra next year, driven by the region's growing real estate market.

Nabard Net Profit Surges 34% to Rs 4,495 Crore in Q3

February 14, 2024 21:27

Nabard's net profit soared 34% to Rs 4,495 crore in the December quarter, driven by robust income growth and balance sheet expansion. Learn more about the bank's performance.

MFIs Seek More Penetration for Growth

February 12, 2024 17:53

Microfinance Institutions (MFIs) aim to increase household coverage and loan portfolio, highlighting the sector's potential for growth and impact on the Indian economy.

ESIC Extends Medical Benefits to Superannuated Workers

February 10, 2024 17:45

ESIC has extended medical benefits to superannuated insured persons with relaxed norms. The decision was taken at the 193rd meeting of ESIC under the chairmanship of Union Minister Bhupender Yadav.

HUDCO Profit Surges 2x in Q3 FY24: Rs 519.19 cr

February 9, 2024 21:57

HUDCO's standalone profit after tax more than doubled to Rs 519.19 crore in Q3 FY24, driven by loan book growth & reduced NPAs. Revenue also rose 18% to Rs 2,012.66 crore.

West Bengal Budget 2024-25: Rs 3.66 Lakh Crore, Focus on Farmers &'Financial Blockade&' Claim

February 8, 2024 22:09

West Bengal unveils a Rs 3.66 lakh crore budget for 2024-25, emphasizing farmer support, job creation, and various schemes ahead of Lok Sabha polls. The budget also criticizes the Centre for...

Odisha Interim Budget: Rs 1.18 Lakh Crore Vote-on-Account

February 8, 2024 20:42

Odisha Finance Minister presents an interim budget of Rs 1.18 lakh crore for the first four months of the 2024-25 fiscal, highlighting key allocations for agriculture, healthcare, and infrastructure.

PLI Scheme for White Goods: No Delay in Disbursement - DPIIT

February 7, 2024 21:09

The Department for Promotion of Industry and Internal Trade (DPIIT) clarifies that there is no delay in disbursing incentives under the PLI scheme for white goods. Applications are currently under...

Sundaram Finance Reports Strong Q3 FY24 Results, Focus on Sustainable Growth

February 6, 2024 15:19

Sundaram Finance reports strong Q3 FY24 results, with profit after tax reaching Rs 300 crore. The company emphasizes its commitment to steady and sustainable growth with best-in-class asset quality.

SBI Issues Rs 16,518 Crore Electoral Bonds

February 5, 2024 20:22

SBI has issued Electoral Bonds worth Rs 16,518 crore in 30 tranches since 2018. The scheme aims to ensure clean tax-paid money in political funding.

PLI Scheme Simplification: GTRI Suggests Changes for Faster Incentives

February 4, 2024 14:02

GTRI urges government to simplify PLI scheme criteria for faster disbursement of incentives and boost domestic manufacturing. The think tank highlights concerns about slow progress and suggests a...

Sundaram Home Finance Expands with 40 New Branches

February 3, 2024 17:40

Sundaram Home Finance announces plans to add 40 branches across India, focusing on home finance, small business loans, and affordable housing. The company reported an 18% rise in net profit for the...

Sundaram Home Finance Q3 Profit Up 18% to Rs 62.28cr

February 3, 2024 11:42

Sundaram Home Finance reports a strong Q3 with net profit up by 18% to Rs 62.28 crore. Disbursements grew 27% to Rs 1,252 crore, driven by growth in Tier II & III towns.

India's Interim Budget Signals Economic Resilience: SICCI

February 1, 2024 21:54

Singapore Indian Chamber of Commerce and Industry (SICCI) praises India's interim budget, highlighting its focus on economic growth despite global uncertainties and its emphasis on skill...

India's Sustainable Budget: Singapore Business Community's View

February 1, 2024 17:53

Singapore's business community praises India's interim budget, highlighting its focus on sustainable growth and investment in technology and education.

India's Digital Prowess: 46% of World's Real-time Transactions

January 31, 2024 17:35

President Murmu highlights India's digital transformation, citing 46% of global real-time transactions, a booming startup ecosystem, and rapid 5G rollout.

Cholamandalam Net Profit Up 28% to Rs 876 Cr in Q3

January 25, 2024 19:50

Cholamandalam Investment & Finance reported a 28% increase in net profit for the December quarter, driven by higher loan disbursements and interest income.

L&T Finance Q3 Profit Jumps 41% to Rs 640 Crore

January 23, 2024 22:28

L&T Finance Holdings reports a 41% rise in Q3 net profit to Rs 640 crore, driven by retail loan sales. NII grew 8% to Rs 1,833 crore.

Spandana Sphoorty Financial Profit Soars 79% to Rs 127 Crore

January 22, 2024 18:06

Spandana Sphoorty Financial reports a significant jump in net profit for the October-December quarter, driven by improved asset quality and loan growth.

Homefirst Finance Profit Soars 34% to Rs 79 Crore in Q3

January 18, 2024 18:38

Homefirst Finance, an affordable housing financier, reported a 34.2% rise in net profit to Rs 79 crore for the December quarter, driven by higher loan sales and total income.

Poonawalla Fincorp Net Profit Soars 76% in Q3

January 18, 2024 17:47

Poonawalla Fincorp reports a strong Q3 with a 76% jump in net profit to Rs 265 crore, driven by higher disbursements and improved asset quality. Learn more about the company's performance.

Pakistan Receives $700m IMF Tranche Ahead of Elections

January 17, 2024 20:06

Pakistan receives $700 million from the IMF, the second tranche of a $3 billion bailout package, ahead of next month's elections. The loan will help the cash-strapped country avoid default.

Govt Disburses Rs 4,415 Cr under PLI Schemes | India News

January 17, 2024 18:02

India's government has disbursed Rs 4,415 crore under eight PLI schemes for sectors like electronics and pharma till October 2023. Learn more about the PLI scheme's impact and future targets.

PLI Scheme Disbursement: Rs 4,415 Crore Released - Business News

January 17, 2024 16:25

The Indian government has disbursed Rs 4,415 crore under production-linked incentive (PLI) schemes for 8 sectors till October 2023. Learn more about the PLI scheme and its impact on the Indian...

Auto PLI Scheme Expanded: Govt Forms Panel to Review Components

January 17, 2024 10:42

India's government has formed a committee to assess the inclusion of more components in the Auto PLI scheme, extending its duration to 5 years and attracting significant investment.

Auto PLI Scheme: Govt Forms Panel to Review Component Inclusion

January 16, 2024 22:28

India's government has formed a committee to assess demands for including more components in the auto PLI scheme, aiming to support the industry's growth and technological advancements.

Cash Refunds for Exporters: GTRI Urges Govt Change

January 16, 2024 10:59

Economic think tank GTRI recommends cash refunds for exporters instead of scrips for tax remission schemes, citing improved cash flow benefits.

Uttarakhand CM Urges Banks to Aid Reverse Migration

January 15, 2024 20:07

Uttarakhand Chief Minister Pushkar Singh Dhami calls on banks to simplify loan disbursement for reverse migration in remote hill areas. He highlights the importance of credit flow for rural...

PLI Schemes Progress Review: Rs 2,900 Crore Disbursed

January 12, 2024 18:10

India's government reviewed progress of PLI schemes in 14 sectors, disbursing Rs 2,900 crore. The scheme aims to boost manufacturing and make Indian companies globally competitive.

AI, ML Drive P2P Lending Growth in India: LenDenClub

January 12, 2024 11:59

LenDenClub, India's largest P2P lending platform, uses AI and ML to streamline lending, enabling data-driven decisions and a safer, more inclusive experience for borrowers and investors.

IIFCL to Issue Rs 2,000 Crore Green Bonds in 6 Months

January 7, 2024 14:22

India Infrastructure Finance Company Ltd (IIFCL) plans to raise Rs 2,000 crore through green bonds in the next six months to fund sustainable infrastructure projects. The company is exploring both...

IIFCL IPO Planned for FY25: Value Unlock for Government

January 5, 2024 15:45

India Infrastructure Finance Company Ltd (IIFCL) aims to go public in FY25, unlocking value for the government. The company has seen strong performance with record loan sanctions and disbursements....

PLI Scheme Review: Govt to Assess Progress on Jan 12

January 4, 2024 21:01

The Indian government will review the progress of the Production-Linked Incentive (PLI) scheme for 14 sectors on January 12. The scheme, launched in 2021, has attracted over Rs 95,000 crore in...

Realty Stocks Surge: Sobha Jumps 16% - India Real Estate News

January 4, 2024 17:43

Real estate stocks soared on Thursday, with Sobha Ltd leading the rally with a 16% jump. Sobha, Macrotech, Godrej, and DLF saw strong gains. The realty index jumped 6.61%.

Sensex Rallies, Investors Wealth Up by Rs 3.24 Lakh Cr

January 4, 2024 17:33

Indian stock markets surged on Thursday, boosting investor wealth by Rs 3.24 lakh crore. The Sensex jumped nearly 1%, driven by strong bank earnings and robust credit growth.

Sensex Jumps 491 Points: Markets Rebound After Slump

January 4, 2024 17:04

Indian stock markets rebounded on Thursday, with Sensex gaining 491 points after two days of decline, fueled by bargain hunting in realty, power, and financial sectors.

Bangladesh Forex Reserves Short of IMF Target: USD 17.20 Billion

January 3, 2024 15:10

Bangladesh's foreign exchange reserves fell short of the IMF's relaxed target of USD 17.78 billion, reaching USD 17.20 billion by December 2023. The IMF approved a USD 4.7 billion loan for...

Pakistan to Get USD 700 Million IMF Tranche: Report

January 2, 2024 10:38

Pakistan is expected to receive a USD 700 million tranche from the IMF this month as the Executive Board meets to discuss the disbursement under the existing USD 3 billion Stand-By Arrangement (SBA).

PLI Scheme for Auto Sector Extended by a Year

January 1, 2024 21:10

The Indian government has extended the Production Linked Incentive (PLI) Scheme for the Automobile and Auto Components sector by one year, with partial amendments to the scheme.

Sri Lanka Raises Fuel Prices After VAT Hike

January 1, 2024 10:55

Sri Lanka's government increased fuel prices by Rs 20 per litre, the first retail price hike under the new VAT rates. The move comes as the country grapples with its worst economic crisis in history.

FM Urges PSBs to Attract Deposits for Credit Growth

December 30, 2023 22:04

Finance Minister Sitharaman asks state-owned banks to offer innovative deposit schemes to boost credit and address fraud concerns.

Personal Loan Disbursals Growth Slows in November | RBI Report

December 29, 2023 20:00

Personal loan disbursals growth declined to 18.6% in November, down from 19.9% a year ago, attributed to RBI's risk weighting and slowing housing credit growth. Read the full report.

Banking Sector Boom: Rs 1.50 Lakh Cr Profit Expected - PTI

December 27, 2023 10:41

India's banking sector is set for a strong year with public sector banks expected to achieve a total profit of Rs 1.50 lakh crore driven by higher credit demand and lower NPAs.

Sundaram Home Finance Expands to North TN, Offers Small Biz Loans

December 23, 2023 11:32

Sundaram Home Finance launches small business loan branch in Kancheepuram, Tamil Nadu, aiming to disburse Rs 10 crore in the first year. The company plans to expand its presence in the region and...

Punjab FM Urges Banks to Meet Startup Loan Targets by March

December 22, 2023 22:31

Punjab Finance Minister Harpal Singh Cheema has urged banks to meet targets for disbursing Mudra and other loans to startups in the state by March. The meeting was convened to assess the loans...

Bandhan Bank to Disburse Railway Pensions | RBI Approval

December 13, 2023 13:52

Bandhan Bank receives RBI authorization to disburse pensions to retired railway employees, offering competitive rates and access to other financial products.

Sri Lanka Gets USD 337 Million from IMF for Economic Stability

December 13, 2023 12:03

Sri Lanka receives USD 337 million from the IMF to stabilize its economy. The funds are part of a 48-month Extended Fund Facility aimed at restoring macroeconomic stability and debt sustainability.

IMF Approves USD 337 Million for Sri Lanka's Economic Recovery

December 13, 2023 12:02

Sri Lanka receives USD 337 million from the IMF to stabilize its economy and address debt sustainability following successful debt restructuring negotiations with China.

GST Evasion: Rs 345 Crore Detected Against Lottery Distributors

December 11, 2023 16:24

The Finance Ministry has detected Rs 345 crore in GST evasion against lottery distributors since July 2017. Read about the cases, recoveries, and the Ministry's efforts to mitigate money laundering...

Shiprocket to Disburse Rs 100 Crore to SMBs

December 5, 2023 19:26

Shiprocket plans to disburse Rs 100 crore to small and medium businesses (SMBs) in India through its financing platform, aiming to democratise access to collateral-free capital.

Rs 79 Crore PLI Incentive for White Goods Expected This Fiscal

December 4, 2023 13:36

India is expected to disburse Rs 79 crore in PLI incentives for white goods in the last quarter of the fiscal year. The PLI scheme aims to boost domestic manufacturing of air conditioners and LED...

REC Loan Disbursements Hit Rs 1 Lakh Crore - First Time in a Year

December 1, 2023 15:58

REC, a state-owned finance firm, has surpassed Rs 1 lakh crore in loan disbursements for the first time in a year, exceeding last year's figure of Rs 46,075 crore. The company provides financing...

Company Name
Price
Volume

Vodafone Idea L
9.47 ( -0.42)
28334153

YES Bank Ltd.
18.25 ( -1.24)
9525366

Suzlon Energy Ltd.
52.56 ( -3.24)
9310880

Thinkink Picturez
1.16 (+ 4.50)
8645050

Srestha Finvest
0.66 ( -1.49)
8526864

KRBL Appoints Amitabh Bachchan as 'India Gate'...

KRBL Ltd. has announced Bollywood actor Amitabh Bachchan as the brand ambassador for...

RBI Ombudsman Disposed 95% Complaints in FY24

The RBI Ombudsman Scheme disposed of 95.1% of complaints received in FY24, with a focus...

UBS Group Buys Shares in 29 Companies for Rs...

Swiss investment bank UBS Group acquired shares in 29 companies including Fortis...

Moneywiz Live!

ALL MONEYWIZ PAGES

Stocks	Mutual Funds		Investment tracking
A-Z Gainers - Daily \| Weekly \| Monthly Losers - Daily \| Weekly \| Monthly Group-wise listing IPO \| Top IPOs Recent IPOs \| IPO News Similar Price band Most traded - By volumes Top 100 - By market capitalisation Latest Company Results Management Speaks Market News	Top 25 schemes High-risk, High-returns Medium-risk, Medium-returns Low-risk, Low-returns Gilt Funds Funds of Funds Special Funds Liquid Funds Dynamic Asset Allocation NFOs MF Selector	Equity - ELSS Equity - Index Funds Equity - Sector Funds Equity - Balance Fund Equity - Diversified Fund MF News Budget 2024	My Portfolio My Watch List If You Had Invested... Global Indicators Forex Converter Market Indices Sectoral Indices World Indices Market Astrology Advertise with us