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Delhi is most optimistic where a whopping 87% of surveyed MSMEs anticipate a surge in consumer spending. Bangalore and Pune follow suit with impressive levels of confidence, it said. The report highlighted the top three factors for consideration while choosing a loan provider: quick disbursals, digitally enabled loan journey, and deal terms. ....
Bank credit to NBFCs grew in double digit in FY22 with outstanding bank credit to them rising by 10.4 per cent to Rs 10.5 lakh crore on the back of improvement in overall economic activities and banks' renewed focus on the NBFC sector following improvement in their balance sheets, says a report. ....
The Reserve Bank has announced a slew of regulatory changes for non-banking lenders by amending the October 2021 circulars on scale-based regulations, which have brought in large NBFCs almost on par with bankers when it comes to addressing their credit risk concentration. ....
The bench was hearing a petition filed by the Children s Film Society (CFS), India, seeking directions to the CBFC tribunal to hear its plea to issue universal certificate to its film Chidiakhana . ....
Magma Fincorp to raise up to Rs 3,000 crore in FY22 The debt securities would be in the nature of secured/unsecured, subordinated debentures, and the capital will be raised through a private placement PTI | February 7, 2021 | Updated 11:54 IST Magma Fincorp operates through more than 295 branches in 22 states and a union territory and has a strong presence in rural and semi-rural India Magma Fincorp Ltd on Saturday said its board of directors has approved raising up to Rs 3,000 crore through debt in the next fiscal year. The board of directors at its meeting held on Saturday has approved issuance of debt securities in the nature of non-convertible debt securities for the financial year 2021-22 for an amount up to Rs 3,000 crore, it said in a regulatory filing. ....