NBFCs' credit growth stood at 17.4% in FY23.
The credit growth of middle-layer NBFCs was relatively muted on account of a contraction in unsecured loans.
As on March 2024, more than two-thirds of the aggregate credit exposures and total borrowings of NBFCs were long-term - more than 12 months. Credit to industry and retail sector accounted for almost 71.2%, the highest percentage in the entire loan portfolio. It was followed by the agriculture and allied sector and micro, small, and medium enterprises (MSMEs).
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Trump 2.0
India has to play its strategic cards well as campaign rhetoric often differs from governing realities
Bajaj Finance, Airtel partner for digital financial services
IN A COLLABORATION that could transform the last-mile delivery, Bharti Airtel and Bajaj Finance have forged a partnership to create one of India's largest digital platforms for financial services.
RG Kar case 'not rarest of rare'; life term for convict
A court in Kolkata's Sealdah on Monday sentenced Sanjoy Roy to life imprisonment \"until his last breath\" for the rape and murder of a junior doctor at the state-run RG Kar College and Hospital.
India slips to third on trust scale
However, the percentage of the low income population reposing faith in Indian institutions stood far less at 65%, as against 80% in case of high income people.
Promising outlook for Havells India
Aims 14% revenue and 24% EPS CAGR during FY25-27
Uttarakhand govt clears UCC rules
â Set to be rolled out after local body elections
Ethanol production to get a boost from cut in FCI rice prices
The government's decision to significantly reduce prices of the rice allocated for ethanol manufacturers from the Food Corporation of India's surplus stocks would bring in stability in grain prices.
Kotak Bank to maintain its margins
Aided by a rate-cut cycle & led by growth in high-yielding assets
Telcos seek tax exemption on AGR dues
The Cellular Operators Association of India (COAI), which represents telecom operators, has urged the government to exempt service tax on additional adjusted gross revenue (AGR) dues arising from the recent Supreme Court's ruling.
IOB profit rises 21% on strong growth in interest income
INDIAN OVERSEAS BANK (IOB) on Monday reported a 21% year-on-year rise in its net profit to â¹874 crore for the third quarter, driven by a strong growth in interest income.
