Media Centre


Creating waves in the financial world

2nd December 2016
First Post
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Non-Banking Financial Companies (NBFCs) which account for 15 percent credit share in our financial system have achieved the present state of vibrancy largely on account of the inherent capabilities they wield. Rising up to their mandate to facilitate financial inclusion for the country, NBFCs are expected to command around 18-20 percent credit lending share by 2020, if the current pace of growth is any indication. But, has demonetisation an unprecedented move to replace 86 percent our currency in circulation put a brake to this phenomenal growth story?

27th November 2016
The Economic Times
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A monolith opens up: A never-before look inside the secretive world of the Tata Trusts. The salt-to-software descriptor, often used for the Tata Group, is barely enough. You could throw in cars, steel rails and pulses in between. But imagine Tata goats, or for that matter milk or apricots. The sellers do not pay any fees to the Tatas for using the brand, but they sell in the name of Tata nevertheless, with the blessings of the Tatas.

22nd November 2016
DNA
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The Reserve Bank of India (RBI) has allowed both individuals and companies with loans up to Rs 1 crore an additional grace period of 60 days to repay their loans in the wake of the demonetization.

26th September 2016
Business Standard
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The Indian Banking sector has witnessed remarkable growth since the economic liberalisation in the early 1990s. With the introduction of positive and liberal policies, rudimentary banking services have given way to a modern universal banking system. Many finance companies that have been successful in tapping the credit needs of rural India

2nd August 2016
Mint
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Universal bank licences will now be available on tap, with the Reserve Bank of India (RBI) on Monday releasing the final set of guidelines for eligible entities to apply for licences as and when they choose to, and keeping the doors closed to large business houses. Non-banking financial companies (NBFCs), qualified individuals and some private companies will be eligible to apply for licences.

29th June 2016
The Economic Times
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Sensing a new business opportunity as banks shrink their exposure and become picky about bankrolling projects, billionaire Gautam Adani is prepping his next big move - exploring the world of financial services.

5th June 2016
Business Standard
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One and a half years ago, the Reserve Bank of India (RBI) jolted the world of non-banking finance companies (NBFCs) by reducing the regulatory arbitrage they enjoyed over banking entities. Then came the differentiated banking licences -- payments banks and small finance banks -- where hundreds of NBFCs lined up to take a banking licence.

6th May 2016
The Economic Times
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Professionals and finance companies will get a chance to set up banks but many large business houses which have long dreamt of owning such institutions may not be so lucky...

29th April 2016
Mint
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Those in need of formal financing will always come to NBFCs or banks. The customers who would access P2P will typically be people who will use it as a last resort in case other sources do not work out for them, said Vimal Bhandari, chief executive officer, Indostar Capital Ltd, an NBFC that lends to small businesses.

30th March 2016
The Hindu BusinessLine
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Allowing foreign capital in the asset reconstruction sector is a step in the right direction. The government has initiated a slew of policy measures for a vibrant asset reconstruction industry and to resolve the festering sore called bad loans.

3rd March 2016
The Economic Times
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GE Capital Services India is being acquired by Plutus Financials, set up by former GE veterans Pramod Bhasin and Anil Chawla and backed by Aion Capital Partners.

24th February 2016
The Financial Chronicle
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Provisions for increased public expenditure, impetus on infrastructure spending and extension of exemption to investors in a majority of small savings instruments in the upcoming budget can be a key trigger in accelerating the pace of the investment cycle in the economy and put it on a higher development trajectory.

17th February 2016
The Hindu BusinessLine
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Venture capitalists in India want the government to treat their investments at par with that of entities investing in publicly listed companies in the stock market.

3rd February 2016
Financial Chronicle
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In keeping with the government’ s startup India initiative, the Reserve Bank of India (RBI) on Tuesday announced a slew of measures to contribute to an ecosystem that is conducive for growth of startups besides improving ease of doing business.

Feb 2016
SME World Magazine
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Small and medium Enterprises sector is the backbone of any developing economy as it provides employment to millions of people and is the central nervous system to manufacturing growth of the country...

6th Jan 2016
The Hindustan Times
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Sameer Tapiawala, a Mumbai-based medical practitioner, wanted to set up a startup to manage health records online...

1st August 2016
The Economic Times
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IndoStar Capital Finance Ltd, a non-banking finance player, has roped in Prashant Joshi from Deutsche Bank to head its SME and retail business.

25th July 2016
Business Standard
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Corporate and SME-focused non-banking finance player IndoStar Capital will soon enter the retail lending space by launching a home finance subsidiary as part of its asset diversification strategy.

16th May 2016
The Economic Times
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With a CAGR of 49 per cent in assets growth, NBFC IndoStar Capital Finance is looking to ramp up SME lending this year and grow its loan book five-times to Rs 1,200 crore.

6th May 2016
The Financial Chronicle
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In a major relaxation, the Reserve Bank of India (RBI) has proposed continuous authorisation of universal banking licences with adequate safeguards as opposed to the existing practice of selective issuance...

4th May 2016
The Financial Chronicle
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The huge oversubscription in the recent initial public offerings (IPOs) has come as positive surprise for bankers and issuers...

20th April 2016
Mint
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While Indian companies have traditionally believed in giving a much wider leeway to underperforming or non-performing employees, they are now embracing the idea of an amicable separation, says Bhandari.

9th Apr 2016
Mint
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American Tower Corp. will acquire a 51% stake in Viom Networks Ltd for Rs.7,635 crore...

25th March 2016
The Hindu
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New generation Non-Banking Finance Companies (NBFCs) are increasing their focus on tier-II and III cities to expand their businesses.

15th March 2016
The Tribune
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However, with the emergence of a new generation of SME entrepreneurs whetting their appetite for existing business expansion plans and new business ventures in the form of start-ups, especially in tier-II and tier-III cities, there is a need for tailor-made financial products like secured loans, auto loans and machinery loans.

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