https://thenfapost.com News, Facts and Analysis on Startup, Technology & Business Thu, 28 Mar 2024 04:54:43 +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/2024/03/27/kunigal-mla-ranganath-h-d-inaugurates-481st-branch-of-sree-gokulam-chits-and-finance/ Wed, 27 Mar 2024 10:55:00 +0000 https://thenfapost.com/?p=350294 Doctor-turned-MLA Ranganath H D exhorts the need for financial literacy among farmers and common citizens Gokulam Group of Companies Managing Director Baiju Gopalan said the company is looking at active engagement with farmers, young entrepreneurs, and MSMEs in Karnataka Kunigal/Tumkuru, NFAPost: Financial literacy among farmers and common citizens will help improve the socio-economic upliftment of […]]]> https://thenfapost.com/2023/08/08/ananya-birlas-svatantra-set-to-acquire-sachin-bansals-chaitanya-for-rs-1479-crore/ Tue, 08 Aug 2023 12:55:54 +0000 https://thenfapost.com/?p=291790 Move likely to catapult Svatantra to become the 2nd largest NBFC-MFI with a combined AUM of Rs 12,409 Cr Mumbai, NFAPost: In one of the biggest deals in the microfinance industry, Ananya Birla’s Svatantra Microfin Private Limited (Svatantra), has entered into a definitive agreement to acquire Chaitanya India Fin Credit Private Limited (Chaitanya), a wholly […]]]> https://thenfapost.com/2023/07/15/sachin-bansals-fintech-firm-navi-lays-off-nearly-200-employees-report/ Sat, 15 Jul 2023 02:53:47 +0000 https://thenfapost.com/?p=285123 In addition to the layoffs, several individuals within the company have resigned over the past few months, including mid-to-senior level employees and leaders New Delhi, NFAPost: Non-banking financial company (NBFC) start-up Navi Technologies, founded by Sachin Bansal, has begun laying off employees across all departments, The Economic Times reported on Thursday. The layoffs are expected […]]]> https://thenfapost.com/2023/07/06/rbi-issues-draft-circular-on-issuance-of-debit-credit-prepaid-cards/ Thu, 06 Jul 2023 02:09:43 +0000 https://thenfapost.com/?p=282530 RBI directive tells debit, credit and prepaid card issuers to give customers more freedom to choose networks New Delhi, NFAPost: The Reserve Bank of India (RBI) has issued a draft circular addressing the arrangements between card networks and card issuers when it comes to the issuance of debit, credit, and prepaid cards. The circular aims […]]]> 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/2023/02/17/digital-lenders-increasing-spending-on-data-security-tech-report/ Fri, 17 Feb 2023 12:51:26 +0000 https://thenfapost.com/?p=240684 Threat to data privacy and cybercrimes are among risks for digital lending: Survey New Delhi, NFAPost: Digital lenders are bumping up spending on technology to prevent cybercrimes and protect customer data as their services become popular, ‘Financial Express’ (FE) reported. The Reserve Bank of India (RBI), in guidelines issued in 2022, asked banks and non-banking […]]]> https://thenfapost.com/2022/08/08/incred-alternative-investments-appoints-rishi-kohli-as-cio-for-hedge-fund-strategies/ Mon, 08 Aug 2022 15:54:04 +0000 https://thenfapost.com/?p=189197 Mumbai, NFAPost: InCred Alternatives Investments Pvt Ltd. (“InCred”), the, alternative assets arm of InCred Group, announces the appointment of Rishi Kohli as Chief Investment Officer – Hedge Fund Strategies. Rishi Kohli will be responsible for spearheading InCred’s first Quant Fund. His appointment marks the next step of InCred’s foray into Alternative strategies including long-short equity, […]]]> https://thenfapost.com/2022/06/09/rbi-to-come-out-with-regulatory-architecture-on-digital-lending-platforms/ Thu, 09 Jun 2022 17:07:23 +0000 https://thenfapost.com/?p=184715 The Reserve Bank of India will soon come out with regulatory architecture for digital lending platforms, many of which are unauthorised and illegal, Governor Shaktikanta Das said. The RBI website has a list of apps that are registered with it on the website, the governor said Mumbai, NFAPost: The Reserve Bank of India will soon […]]]> https://thenfapost.com/2021/09/18/moneyboxx-finance-raises-rs-7-5-crore-from-dcb-bank/ Sat, 18 Sep 2021 08:45:35 +0000 https://thenfapost.com/?p=115756 Moneyboxx Finance Limited (Moneyboxx), a BSE-listed Non-Banking Finance Company, has got sanction and disbursement of Rs 7.5 crore by way of Term Loan from DCB Bank Limited for on-lending to individuals for agri and allied activities which falls under Priority Sector Lending. With the current round of fundraising, Moneyboxx has so far received sanction of […]]]> https://thenfapost.com/2021/09/02/reasonable-buffers-in-place-for-nbfcs-to-manage-possible-operating-headwinds-in-2hfy22/ Thu, 02 Sep 2021 14:59:57 +0000 https://thenfapost.com/?p=111580 India Ratings and Research (Ind-Ra) has changed the outlook to improving  from stable for retail non-banking finance companies (NBFCs) and housing finance companies (HFCs) for 2HFY22. Adequate system liquidity (because of regulatory measures), along with sufficient capital buffers, stable margins due to low funding cost and on-balance sheet provisioning buffers, provides enough cushion to navigate […]]]>