crores by Accel India IV (Mauritius) Limited and up to 2,340,277 equity shares aggregating up to Rs. [*] crores by International Finance Corporation and up to 1,369,149 equity shares aggregating up to ...

Axis Capital Ltd., Morgan Stanley India Co., JM Financial Ltd. and IIFL Securities Ltd. are the book running lead managers of ...

In March, RBI barred IIFL Finance from disbursing fresh gold loans citing “certain material supervisory concerns" in the gold ...

Microfinance loans, typically collateral-free and aimed at borrowers with annual incomes of up to Rs 300,000 (USD 3,556), are ...

Indian lenders are bracing for another wave of defaults in their microfinance portfolios in the second half of the fiscal year after the banking regulator recently further tightened rules for such ...

Stay updated with the latest finance and banking news. We deliver insights into market trends, regulatory changes, and key developments in the financial sector. The finance and banking sector ...

AM(IST)on Wednesday in an upbeat market. Bank of Baroda(up 1.63 per cent), ICICI Bank Ltd.(up 1.0 per cent), State Bank of India(up 0.99 per cent), Punjab National Bank(up 0.91 per cent) and Bandhan ...

These concerns became more pronounced after lenders such as IndusInd Bank and Kotak Mahindra Bank found elevated stress in ...

A rise in retail-loan defaults in India due to aggressive lending practices is reverberating in the stock market, with ...

Fitch Ratings has affirmed IIFL Finance's ratings with a stable outlook, following the RBI's lifting of the ban on new gold-backed lending. The firm's franchise is expected to stabilize, with ...