The NBFC’s gross non-performing assets (GNPA) rose to 1.12% in Q3FY25 from 0.95% a year earlier, while Net NPA rose to 0.48% from 0.37%. The provisioning coverage ratio on stage 3 assets stood ...

Advik Capital is a non-banking financial company (NBFC) registered with the Reserve Bank of India. It primarily focuses on providing financial loans and ancillary services. The company's ...

The Karnataka cabinet has approved an ordinance imposing non-bailable charges on microfinance and non-banking financial companies that engage in harsh loan recovery practices. This measure aims to ...

Most regulations of the NBFCs for private placement of NCDs are similar to the HFCs. NBFCs' regulations for private placement of NCDs said that NBFCs shall put in place a Board-approved policy for ...

Banking and NBFCs are in focus today. Most of the shares are up nearly 2% each and the Nifty Bank Index is inching closer to 48, 600 levels. This is particularly interesting as the Nifty is down ...

Goods and Services Tax (GST) will not be applicable on penal charges levied by banks and non-banking finance companies (NBFCs), the CBIC has said. The Central Board of Indirect Taxes and Customs ...

Gold loan NBFCs seek priority sector status and inclusion in UPI-based credit systems in the upcoming Union Budget to drive financial inclusion and better serve small borrowers. They also call for ...

Bizloan, a non-banking finance company (NBFC) dedicated to providing credit solutions for small businesses, has raised Rs 35 crore ($4.16 million) in Series A funding round co-led by the Michael & ...

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No GST on penal charges: The government has clarified that no bank, NBFC, regulated entities (REs) can charge Goods and Services Tax (GST) on penal charges on loans. Penal charges are payments in the ...