Three global funding firms sell partial stake in Five Star Business Fin worth ₹1,656 crore

[ad_1] Three prominent global funds, namely Peak XV Partners (formerly known as Sequoia Capital), TPG Asia, and Matrix Partners, divested partial stakes in Five-Star Business Finance on Friday. The cumulative…

Matrix Partners likely to sell 5.87% stake in NBFC Five-Star Business Finance

[ad_1] Venture capital firm Matrix Partners India is reportedly gearing up to sell a 5.87% stake in non-banking lender Five-Star Business Finance Ltd, sources privy to the developments told CNBC-TV18.…

NBFC sector sees 35.9% asset growth in FY23: SECP

[ad_1] The collective asset base of the Non-Banking Finance Companies (NBFC) sector stood at Rs2.87 trillion as of June 20, 2023, posting a growth of 35.9% as compared to the…

Catching The NBFC Wave

[ad_1] ADAR POONAWALLA NEVER LETS GO of a good business opportunity. In the middle of Covid, in February 2021, when his Pune-based Serum Institute was ramping up vaccine production, Poonawalla,…

L&T Finance Holdings announces completion of merger of its subsidiaries with itself – Industry News

[ad_1] L&T Finance Holdings Ltd (LTFH), the equity listed holding company, on Monday announced the successful completion of the merger of its subsidiaries, L&T Finance Limited (LTF), L&T Infra Credit…

From NBFC to CIC: The way ahead for Jio Financial Services

[ad_1] io Financial Services is soon to become a Core Investment Company (CIC) from a Non-Banking Financial Company (NBFC). The move comes in response to a directive from the Reserve…

Banks, NBFCs need to be careful in relying solely on algorithms: RBI governor

[ad_1] Banks and non-bank lenders need to be careful in relying solely on pre-set algorithms for model-based lending through analytics, according to RBI governor Shaktikanta Das. “Banks and NBFCs (non-banking…

Jio Financial wants to convert to CIC from NBFC; seeks RBI’s nod

[ad_1] Reacting to the news, shares of Jio Financial rose as much as 0.7% to ₹221.75 on the BSE, while the market capitalisation climbed to ₹1.4 lakh crore. Early today, the…