Finance Industry Development News Today

Co-lending deals between non-banking financial companies (NBFCs) and banks are likely to rise after the Reserve Bank of Indias (RBIs) decision to increase the risk weight on consumer credit, industry leaders and experts say. Smaller NBFCs, they add, may increasingly opt for co-lending as capital markets could become costlier for them. Smaller NBFCs will be more comfortable with co-lending because they are geography-specific in terms of industry or customers.

Fake loans apps advertise freely on social media apps, presenting themselves as loan calculators or loan aggregators, or even a food recipe recorder

Surat: A financier-cum-jeweller in Nanpura was cheated by two of Rs 11.

Mumbai, May 11: Indel Money, the flagship company of Indel Corporation and a gold loan non-banking finance company (NBFC), won the Fastest Growing NBFC of the Year award at the 2nd Annual BFSI Leadership Summit & Awards 2023 at an event held in Mumbai on May 5, 2023, Umesh Mohanan, ED & CEO and Jijith Raj Thekkayil, EVP & Business Head of Indel money received the award from Mahesh G. Thakkar, Director General, Finance Industry Development Council.

Get latest articles and stories on Business at LatestLY. Indel Money, the flagship company of Indel Corporation and a gold loan non-banking finance company (NBFC), won the Fastest Growing NBFC of the Year award at the 2nd Annual BFSI Leadership Summit & Awards 2023 at an event held in Mumbai on May 5, 2023, Umesh Mohanan, ED & CEO and Jijith Raj Thekkayil, EVP & Business Head of Indel money received the award from Mahesh G. Thakkar, Director General, Finance Industry Deve...