Monday, April 15, 2024
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Nbfcs

Jaipur-based Namdev Finvest focuses on providing financial solutions to the underserved segment with low formal incomes and limited credit history

The projected growth of the fintech market to USD 2.1tn by 2030 is driven by AI and machine learning-driven business models

RBI’s move to heighten risk weights on consumer credit for NBFCs might enhance financial stability but poses challenges for lenders by raising capital requirements. This impacts profitability, potentially increasing interest rates on consumer loans

Wint Wealth Group enabled over 53,000 investors to invest in fixed deposits, corporate and sovereign gold bonds, and bond baskets worth over Rs 1300 crore

The company had posted a loss of Rs 645.4 crore in the same period a year ago

Ohm Mobility intends to use the funds to build out their team and develop their technology platform and proprietary risk management tool

The Non Banking Financial Companies aka NBFCs have emerged as a crucial source of credit for small and medium-sized enterprises (SMEs), micro-enterprises and the informal sector in India as they have filled the gap left by traditional banks, which have been...

The ministry began the process of banning 138 betting apps and 94 lending apps on Monday under Section 69 of the IT Act