NBFC microfinance institutions posted more than 50 percent growth in the gross loan portfolio at Rs 51,878 crore in April-June compared to the same period of last year, industry body Microfinance Institutions Network (MFIN) said today. During the first quarter of the fiscal, NBFC-MFIs disbursed 76 lakh loans worth Rs 17,836 crore witnessing a … Read More →
To serve the need of investors whose financial requirements are left are unattended by existing banking system, the Non-Banking Financial Companies (NBFCs) started its operations in India during 1960s. The financial entity attained some level of popularity in between 1980s and 1990s however, it gained good momentum in recent times when banks were pressurised … Read More →
The market has made a solid comeback, after more than 10 percent correction seen in February and March 2018, with Nifty rising 14 percent from its March lows and Sensex gaining 15.5 percent. The market lost euphoria three-four months ago and saw deep correction which was waited for long but look at the recovery after … Read More →
Non-Banking Finance companies are expected to report as much as 35 percent growth in earnings as retail loans by small and medium enterprises continued at a brisk pace even as state-run lenders continued to hold on to their purse strings due to bad loans. Housing finance companies will maintain momentum with the growth coming … Read More →