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The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
The education-focused NBFC's net profit increased 31% to Rs 154.3 crore in Q1 FY27 from Rs 118 crore a year earlier.
The NBFC arm, Dhanrise Finance, is scheduled to commence lending operations in October 2026.
Total expenses surged 36% to nearly Rs 700 crore during FY26 as compared to Rs 513.8 crore in FY25.
Under the agreement, BlackSoil will absorb the entire solar financing vertical, including its leadership team, technology stack, brand assets and operational framework.
Its total income more than doubled to Rs 103.4 crore in FY26 from Rs 47.9 crore a year earlier.
The latest action is part of the RBI’s ongoing efforts to strengthen oversight of the NBFC sector.
The proposed debt fundraising comes only a few months after Aye Finance’s initial public offering (IPO).
The approval, granted under the NBFC-ND-ICC category, will enable the company to directly offer secured mortgage loans to borrowers.
The Mumbai-based non-banking financial company's net loss widened to Rs 333.27 crore in FY26 from Rs 288.34 crore in the previous year.
The Bengaluru-based non-banking financial company's net profit fell 46% to Rs 93.32 crore in FY26 from Rs 172.27 crore in the previous year.
We write about MobiKwik’s lending ambitions; and a worrying trend emerging across the technology industry...
The lenders would be permitted to deploy technology-based mechanisms to restrict functionalities of a borrower’s mobile device.
A majority of the affected entities were registered in West Bengal and Delhi.
The company's IPO, which opened last week, was subscribed over nine times overall.
Of the total anchor allocation, 57% was allotted to seven domestic mutual funds across 13 schemes, accounting for Rs 158.32 crore.
The NBFC license will allow the fintech company to launch a new lending division -- MobiKwik Financial Services Pvt Ltd.
We write how Airtel's entry into the lending space may be giving sleepless nights to incumbents and fintech NBFCs; and what happens to 'Responsible AI' frameworks under pressure...
Sep 12th Edition: How Capital Float (now Axio) and Lendingkart, in 2025, found themselves meeting the same fate; and why India’s healthcare is not ready for the AI and robotics revolution yet.
Sept 5th Edition: We track Mukesh Ambani’s entry into a novel business that even big tech businesses are trying to make sense of; and the country’s top marketplaces’ credit bet.
