NBFCs

India’s Micro, Small, and Medium Enterprises (MSMEs), the second largest sector after China, are bound to grow exponentially in the upcoming years. The constantly expanding landscape is being shaped by various key trends that present opportunities and challenges. Women-leading Micro, Small, and Medium Enterprises are critical for growth and job creation in the country but ...

Fintech firm CredAble and Aditya Birla Finance Limited (ABFL) have joined hands to transform MSME lending in the country with the utilization of technology and advanced analytics. Over the past six months, ABFL has experienced a surge in lead flow, with approximately 80,000 leads generated through CredAble's solution. This collaboration has ...

Non-banking financial companies (NBFCs) have experienced major growth in loans extended to micro, small, and medium enterprises, surpassing that of traditional banks by over three times, according to a report released by the Reserve Bank of India (RBI). The central bank's latest assessment of the banking sector's performance for the fiscal years 2022-23 ...

U GRO Capital, a DataTech Non-Banking Financial Company (NBFC) specializing in micro, small, and medium enterprises (MSME) lending, has secured USD 30 million (around INR 250 crore) through the issuance of Non-Convertible Debentures (NCDs). The funding came from FMO, the Dutch entrepreneurial development bank, which fully subscribed to the INR-denominated NCDs.

A month subsequent to the Reserve Bank of India's (RBI) announcement of stricter regulations governing credit to non-banking financial companies (NBFCs), the borrowing costs for these entities have surged significantly. Simultaneously, banks are also experiencing heightened expenses for funds amid tight liquidity conditions within the banking system. Data from the Clearing ...