[ad_1] Tamil Nadu-based agri-fintech start-up KiVi, a virtual platform, plans to acquire a non-banking finance company (NBFC) licence through submitting an software with the Reserve Financial institution of India (RBI) over the following couple of months, says its founder Joby CO, founder and CEO. “That’s the plan. We’ve got the investment now, able to document the […]
Bajaj Auto’s arm will get RBI nod to start NBFC operations
[ad_1] Bajaj Auto Shopper Finance, the wholly-owned subsidiary of Bajaj Auto, has won the Certificates of Registration from the RBI to start the industry of non-banking monetary services and products, the corporate notified the exchanges. Stocks of the corporate rose 1.8 in line with cent to the touch an intraday top of ₹4,699 at the NSE. The inventory later […]
MFs’ funding in NBFC CPs crosses ₹1 lakh crore for the primary time since August 2019
[ad_1] Mutual finances’ funding in business papers (CPs) issued via non-bank monetary corporations (NBFCs) crossed the ₹1 lakh crore mark for the primary time in July 2023, since August 2019. Fund homes had deployed ₹1.05 lakh crore in CPs of NBFCs, accounting for five.5 according to cent in their overall debt investments as of the […]