LOAN DISBURSEMENTS

On April 29, the banking regulator directed all lenders to charge interest from the date of actual disbursement of the funds to the customer after its annual inspection revealed instances of lenders resorting to unfair practices in charging of inter...

REC Ltd sanctioned Rs 1,12,747 crore in loans during April-June FY25, reflecting a 24.17% growth from the previous year. The company's focus on renewable energy projects and power sector financing in India remained strong, with significant loan disb...

Loan disbursements rose 27.89 per cent to Rs 43,652 crore in the period under review. During June quarter FY25, Rs 39,655 crore was sanctioned for renewable energy projects, up 58.72 per cent from the year-ago period. Loan disbursements more than do...

The digital lending sector, represented by FACE, saw a significant increase in disbursements and loan numbers in FY23-24, with member entities disbursing Rs 1.46 lakh crore, marking a 49% surge. Over 10 crore loans were issued, up 35% from the previ...

Access quick funds with instant loan apps like Bajaj Finserv's Insta Personal Loan, offering convenience and speed for emergencies.

Tata Group's super app Tata Neu and credit marketplace Paisabazaar are conducting pilot studies for credit disbursals through the ONDC network, with lenders like DMI Finance and Aditya Birla Finance already integrated.

​​Expecting it to be a growth driver for the company, Sundaram Home Finance Managing Director and CEO Lakshminarayanan Duraiswamy said he has plans to open around 20 branches in the Emerging Business segment in Tamil Nadu, Telangana and Andhra Prade...

In FY23, for instance, the combined outstanding home loan portfolio of public sector and private banks and housing finance companies, which account for a big majority of the home loan market in the country was, Rs 3.62 lakh crore. But disbursements ...

Muthoot FinCorp reported its highest-ever loan disbursements in FY24 at Rs 61,703.26 crore, up 18.6%, with an asset under management of Rs 33,359.30 crore. The company's consolidated net profit surged 62% to Rs 1,047.98 crore. Muthoot FinCorp's stan...

LIC Housing Finance targets "lower double-digit" loan portfolio growth this fiscal, focusing on affordable housing, says MD Tribhuwan Adhikari. March saw a 4.3% y-o-y loan portfolio rise to Rs 2.87 lakh crore. Annual loan disbursement dropped 8% to ...

​I would expect this year that we would be showing a good disbursement growth in the double digits, as well as the loan book growth of double digit.

Total income for the quarter stood at Rs 397 crore against Rs 344 crore while net interest income was 11% higher at Rs 172 crore against Rs 155 crore.

Muthoot Finance and Manappuram Finance shares dropped 8-9% on BSE following an RBI advisory on cash disbursal of loans. The RBI instructed NBFCs to comply with the Income Tax Act, limiting cash disbursement to Rs 20,000.

Muthoot Microfin Q4 Results: The non-banking financial company-micro finance institution (NBFC-MFI), which is a part of the Kerala-based Muthoot Pappachan group, saw its gross loan portfolio expanded by 32.4% year-on-year to Rs 12,194 crore while it...

RBI cautions banks on gold loan disbursement concerns through fintechs like Rupeek, IndiaGold, and Oro Money. Banks evaluating next steps post IIFL Finance issue. Asset quality improved at Rupeek, with partnerships with Federal Bank, Indian Bank, an...

Some lenders are resorting to certain unfair practices in charging interest rates such as charged interest on loans from the date of sanctioning or execution of the loan agreement rather than from the date of disbursement.

NBFCs experience strong growth in retail loans. Poonawalla Fincorp and L&T Finance record highest-ever disbursements. M&M Finance shows asset growth and high collection efficiency. Poonawalla Fincorp CEO to be replaced.

State-owned Indian Renewable Energy Development Agency (IREDA) has achieved its highest-ever annual loan sanctions and disbursements in fiscal year 2023-24. A statement from IREDA revealed that the company sanctioned loans totaling Rs 37,354 crore a...

Based on responses from 28 NBFCs, 80% were profitable in the first three quarters of FY23, as opposed to 68% in FY 22-23, said the report. Fintech Association for Consumer Empowerment (FACE) is an industry body that tracks the progress of digital lo...