https://thenfapost.com News, Facts and Analysis on Startup, Technology & Business Tue, 05 Mar 2024 22:54:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 The NFA Post News, Facts and Analysis on Startup, Technology & Business clean https://thenfapost.com/2024/03/06/rbi-bars-jm-financial-products-from-financing-against-shares-debentures/ Tue, 05 Mar 2024 22:54:23 +0000 https://thenfapost.com/?p=349319 “This action is necessitated due to certain serious deficiencies observed in respect of loans sanctioned by company for IPO financing as well as NCD subscriptions,” RBI said Mumbai, NFAPost: The Reserve Bank of India (RBI) has barred JM Financial Products Ltd from providing any form of financing against shares and debentures, including sanction and disbursal […]]]> https://thenfapost.com/2023/08/24/fintech-loan-disbursement-rose-21-yoy-in-fy23-face-equifax-report/ Thu, 24 Aug 2023 02:11:38 +0000 https://thenfapost.com/?p=296415 Number of loans disbursed increased 49%; delinquency rate fell Mumbai, NFAPost: Consolidating growth in digital lending, fintech players disbursed loans worth Rs 92,267 crore in the year ended March 2023, showing a 21 per cent year-on-year (Y-o-Y) increase over FY22. The number of loans disbursed rose 49 per cent Y-o-Y to 71 million in FY23, […]]]> https://thenfapost.com/2023/08/19/rbi-issues-norms-for-late-fee-payment-of-emi-for-personal-loan-borrowers/ Sat, 19 Aug 2023 02:24:22 +0000 https://thenfapost.com/?p=295233 The two decisions are expected to provide a relief to the borrowers amid rising interest rates and most of the retail loans being on floating rates now Mumbai, NFAPost: The Reserve Bank of India has asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty […]]]> https://thenfapost.com/2023/07/31/airtel-prepays-rs-8024-crores-to-clear-high-cost-deferred-liabilities-for-spectrum-acquired-in-2015/ Mon, 31 Jul 2023 08:50:00 +0000 https://thenfapost.com/?p=289272 New Delhi, NFAPost: Bharti Airtel (“Airtel”), one of India’s leading telecommunications service providers, said that it has prepaid Rs 8,024 crores to the Department of Telecom (Government of India) towards part prepayment of deferred liabilities pertaining to spectrum acquired in auction of year 2015. The said instalments had an interest rate of 10% and have […]]]> https://thenfapost.com/2023/07/17/unsecured-loan-portfolios-growth-highest-credit-card-npas-shoot-up-report/ Mon, 17 Jul 2023 01:30:32 +0000 https://thenfapost.com/?p=285223 From a loan growth perspective, outstanding balances on credit cards grew 34% in the year to March 2023, and personal loans were up 29% Mumbai, NFAPost: Credit card non-performing assets rose 0.66% to 2.94% as of March 2023, a credit information company said in a report. The report, which comes amid heightened concerns on the […]]]> https://thenfapost.com/2023/06/30/paytm-partners-with-shriram-finance-to-strengthen-loan-distribution-business/ Fri, 30 Jun 2023 15:40:34 +0000 https://thenfapost.com/?p=281269 • Offers its platform for Shriram Finance for digital credit for merchant loans and consumer loans • Empowers users with easy to access loans by combining Paytm’s large user base and its digital loan distribution technology with Shriram Finance’s deep risk understanding, geographical reach and strong collections capabilities • Expands access to credit with innovative […]]]> https://thenfapost.com/2023/06/28/centre-extends-deadline-for-ethanol-projects-by-six-months-to-sept-30/ Wed, 28 Jun 2023 12:34:00 +0000 https://thenfapost.com/?p=280307 Many loan proponents failed to meet earlier deadline of March 31 due to challenges in processing applications and coordination with mutiple agencies New Delhi, NFAPost: The government has extended the deadline for loan disbursement or project completion of ethanol production facilities by six months, the Ministry of Consumer Affairs has announced. Aiming to massively raise […]]]> https://thenfapost.com/2023/05/01/google-took-action-against-3500-personal-loan-apps-in-2022-in-india/ Mon, 01 May 2023 02:11:59 +0000 https://thenfapost.com/?p=260898 Globally, Google prevented 1.43 million policy-violating apps from being published on Google Play Mumbai, NFAPost: Google in India took enforcement action against 3,500 personal loan apps in 2022, this also included the removal of apps from the Play Store for violation of the Play policy requirements, Business Standard reported. This is part of the introduction […]]]> https://thenfapost.com/2023/04/22/nbfc-education-loans-to-grow-around-40-to-rs-35000-crore-in-fy24-crisil/ Sat, 22 Apr 2023 08:09:59 +0000 https://thenfapost.com/?p=259019 The education loans by NBFCs would grow moderately but still be healthy as compared with the previous fiscal year, CRISIL said New Delhi, NFAPost: Education loan assets under management (AUM) of non-banking financial companies (NBFCs) are projected to grow by 35-40% to around Rs 35,000 crore in the financial year 2023–24, riding on specialised business […]]]> https://thenfapost.com/2023/04/06/reliance-jio-raise-5-billion-in-largest-syndicated-loan-in-india-report/ Wed, 05 Apr 2023 23:30:55 +0000 https://thenfapost.com/?p=254932 Reliance will mainly deploy the funds raised towards its capital expenditure, while Jio would put the money to finance its nationwide 5G network rollout New Delhi, NFAPost: Reliance Industries Ltd and its telecom arm Jio Infocomm have raised a total of $5 billion in back-to-back foreign currency loans, the largest syndicated loan in India’s corporate […]]]>