How UGRO Capital emerged as India’s largest co-lending NBFC partner for banks: Shachindra Nath

How UGRO Capital emerged as India’s largest co-lending NBFC partner for banks: Shachindra Nath

Shachindra Nath, Founder & MD, UGRO Capital, says “UGRO is now becoming India’s largest, most dedicated data tech driven MSME financing company and we keep saying MSME accha hai, which means the underlying MSME economy and especially the micro enterprises economy is becoming so robust and the recent Crisil upgrade to “A” is a reflection … Read more

Muthoot Fincorp plans NCD issue to raise Rs 400 crore

Muthoot Fincorp plans NCD issue to raise Rs 400 crore

Mumbai: Muthoot FinCorp plans to raise up to ₹400 crore through the issuance of secured, redeemable, non-convertible debentures with varying tenures. “The Tranche I Issue with a face value of ₹1,000 has been open to the public from Friday, September 1 till Thursday, September 14, 2023, subject to an early closure as may be approved … Read more

SBFC Finance public issue subscribed over 70 times

SBFC Finance public issue subscribed over 70 times

Mumbai: The ₹1,025-crore initial public offering of Delhi-NCR-based SBFC Finance was subscribed 70.16 times on the final day of bidding on Monday. The issue received bids for 936.67 crore shares against the 13.35 crore shares on offer. The qualified institutional buyer portion was subscribed 193 times, while the non-institutional investor‘s portion was subscribed 49.09 times. … Read more

Sidbi’s India Microfinance Equity Fund doesn’t find many takers

Sidbi’s India Microfinance Equity Fund doesn’t find many takers

The Rs 300-crore India Microfinance Equity Fund (IMEF), which the Small Industries Development Bank of India (Sidbi) re-launched in November last year, does not seem to have many takers yet even as the small and medium sized microfinance lenders are longing for institutional funding support. Several NBFC-MFIs found the clauses attached for taking the funding … Read more

NBFC profits to be led by lenders with housing, vehicle and consumer finance focus

NBFC profits to be led by lenders with housing, vehicle and consumer finance focus

Mumbai: Housing, vehicle and consumer finance-linked NBFCs are expected to report about a 20% rise in earnings for the March quarter though profit margins may be squeezed due to the rising cost of funds. Bajaj Finance, Cholamandalam Investment and Finance and Shriram Finance may lead the growth due to strong consumer demand and as they … Read more

Bharat vs India? Domestic-linked sectors seen outperforming export-linked ones in FY24

Bharat vs India? Domestic-linked sectors seen outperforming export-linked ones in FY24

The new financial year for Dalal Street is set to start with aplenty uncertainties, especially on the global front. On the domestic front, while growth prospects remain strong, concerns around inflation persist. These factors are set to have an impact on the earnings growth of India Inc in FY24, said experts. A majority of analysts … Read more

This Adar Poonawalla-backed NBFC becomes D-Street’s ‘darling’; can the tag last long?

This Adar Poonawalla-backed NBFC becomes D-Street’s ‘darling’; can the tag last long?

If one looks at the sectors that have given positive returns in 2022 so far, non-bank finance companies will find themselves in the list. But the one stock in this pack that has turned out to be the “darling” of Dalal Street is Ltd. Investor interest in the stock gained traction after billionaire Adar Poonawalla … Read more

NBFC borrowing costs likely to fall with HDFC out of bond market

NBFC borrowing costs likely to fall with HDFC out of bond market

Mumbai: India’s bond market could become a less crowded place, thanks to Housing Development Finance Corp Ltd’s (HDFC Ltd) proposed merger with HDFC Bank, likely reducing the cost of funds for borrowers. Nearly a tenth of borrowing in the bond market could reduce, as HDFC accounted for that much bonds sold in the country. The … Read more