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Indostar Capital Finance surges on selling Niwas Housing Finance to WITKOPEEND B.V. Indostar Capital Finance is currently trading at Rs 319.25, up by 5.25 points or 1.67% from its previous closing of Rs 314.00 on the BSE. The scrip opened at Rs 333.00 and has touched a high and low of Rs 333.00 and Rs 316.35 respectively. So far 43010 shares were traded on the counter. The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 368.55 on 02-Jul-2025 and a 52-week low of Rs 208.20 on 06-Aug-2024. Last one week high and low of the scrip stood ...
Indostar Capital Finance surges on selling Niwas Housing Finance to WITKOPEEND B.V.
Indostar Capital Finance surges on selling Niwas Housing Finance to WITKOPEEND B.V.
Source: Accord Fintech
2025-07-18 03:17:14 pm
Nifty50 expected to be range bound between 26,300 and 27,500 level by year end: smallcase Managers According to smallcase managers, Indian markets are expected to continue their upward trajectory, backed by strong macro fundamentals and policy support. With Nifty50 rebounding from March lows, resistance is expected at 26,300, and a breakout could see the index reach 27,500+ by year-end. smallcase Managers believes that the key triggers to watch out in H2 2025 include clarity on U.S. tariff policies and their impact on global trade flows, resolution of geopolitical tensions in the Indo-P...
Nifty50 expected to be range bound between 26,300 and 27,500 level by year end: smallcase Managers
Nifty50 expected to be range bound between 26,300 and 27,500 level by year end: smallcase Managers
Source: PR Agency
2025-07-17 02:00:08 pm
Buy Bajaj Finance Ltd for the Target Rs. 1,050 - Axis Securities Ltd Delivering Strong Growth While Navigating Headwinds Summary FY25 was marked by yet another consistent and strong performance delivery by BAF across operational parameters. The company resumed its growth trajectory post the lifting of the restrictions on 2 of its products (eCOM and InstaEMI) in early FY25 (May’24). AUM growth was strong across segments, while the company did not shy away from holding back growth in segments where elevated stress was visible. Asset quality challenge...
Buy Bajaj Finance Ltd for the Target Rs. 1,050 - Axis Securities Ltd
Buy Bajaj Finance Ltd for the Target Rs. 1,050 - Axis Securities Ltd
Source: Axis Securities
2025-07-17 01:57:24 pm
NBFC Sector Update : Private Banks showing resilience in fresh loan yields by Motilal Oswal Financial Services Ltd Private Banks showing resilience in fresh loan yields PSBs witness a sharper decline in outstanding and fresh loans * The Weighted Average Lending Rate (WALR) on fresh loanssurprisingly increased for PVBs by 7bp MoM in May’25, as banks have adjusted their spreads in loans, while for PSBs, it decreased 8bp MoM. As a result, sectoral-level fresh rupee loan yield declined 6bp MoM (vs a decline of 5bp/9bp in Mar’25/Apr’25). * WALR on O/S loans for the system declined ma...
NBFC Sector Update : Private Banks showing resilience in fresh loan yields by Motilal Oswal Financial Services Ltd
NBFC Sector Update : Private Banks showing resilience in fresh loan yields by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2025-07-17 11:01:20 am
Government emphasises ULI as critical DPI for lending ecosystem The Government on Wednesday emphasised Unified Lending Interface (ULI) as a critical Digital Public Infrastructure (DPI) for the lending ecosystem, underscoring the need to scale it up. M Nagaraju, Secretary, Department of Financial Services (DFS) and T Rabi Sankar, Deputy Governor (DG), RBI, co-chaired a meeting with the MD and CEOs of select banks, NBFCs and NABARD at RBI Mumbai to review the progress of Unified Lending Interface (ULI). MD and CEOs of 12 Public Sector Banks, 18 Privat...
Government emphasises ULI as critical DPI for lending ecosystem
Government emphasises ULI as critical DPI for lending ecosystem
Source: IANS
2025-07-17 10:44:19 am
Buy CAMS Ltd for the Target Rs.5,000 by Motilal Oswal Financial Services Ltd Non-MF businesses gaining traction; MF yields under pressure * MF AUM growth has picked up in the recent past, supported by sustained SIP inflows and MTM gains. We expect this momentum to continue, given the rising adoption of MFs as a savings product. Direct investing through discount brokers has also gained traction, and with MF penetration still at just 4%, we expect this trajectory to sustain. CAMS is well-positioned to benefit from this trend. * CAMS continues to reinforce its posi...
Buy CAMS Ltd for the Target Rs.5,000 by Motilal Oswal Financial Services Ltd
Buy CAMS Ltd for the Target Rs.5,000 by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial services Ltd
2025-07-15 04:41:48 pm
NBFC Sector Update - Asia roadshow takeaways - Blend of caution and optimism By Motilal Oswal Financial Services Ltd Asia roadshow takeaways: Blend of caution and optimism. We spent three days in Asia meeting with investors to discuss emerging themes and top ideas within the banking space. In this report, we highlight key insights and debates from the meetings, including sector trends, stock-specific discussions, and potential opportunities.   Earnings recovery, margins, and top picks – Is the banking sector heading for an earnings revival? * The consensus across meetings was that the...
NBFC Sector Update - Asia roadshow takeaways - Blend of caution and optimism By Motilal Oswal Financial Services Ltd
NBFC Sector Update - Asia roadshow takeaways - Blend of caution and optimism By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2025-07-15 03:33:37 pm
NBFCs Sector Update: Demand trends soft;seasonal weakness visible in asset quality By Motilal Oswal Financial Services Ltd Demand trends soft;seasonal weakness visible in asset quality Demand momentum exhibits mixed trends: We expect ~10% YoY growth in AUM for our coverage HFCs, including both affordable and large HFCs. Vehicle financers are projected to report ~18% YoY AUM growth. Gold lenders (despite the weakness in MFI growth) are likely to record ~29% YoY growth (primarily driven by ~43% YoY growth in MUTH). NBFC-MFI AUM is estimated to decline ~22% YoY, while diversified lenders are anticipated to delive...
NBFCs Sector Update: Demand trends soft;seasonal weakness visible in asset quality By Motilal Oswal Financial Services Ltd
NBFCs Sector Update: Demand trends soft;seasonal weakness visible in asset quality By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial services Ltd
2025-07-14 04:24:15 pm
Startup funding stands at $95 million this week Startup funding in India stood at around $95 million this week, with 17 startups securing investments across various stages.   Out of these, five were growth-stage deals and 10 were early-stage, while two startups chose not to disclose their funding details. Among cities, Bengaluru-based startups led with six deals, followed by Delhi-NCR with four. Mumbai, Hyderabad and other cities also witnessed activity. Fintech emerged as the most funded sector this week with four deals. ...
Startup funding stands at $95 million this week
Startup funding stands at $95 million this week
Source: IANS
2025-07-14 09:05:54 am
LIC clocks 14.6 pc growth in individual premium for June Life Insurance Corporation of India (LIC), the country’s largest life insurer, reported a robust 14.6 per cent year-on-year increase in individual premiums for June this year, according to data released by the Life Insurance Council.  The Government-owned company posted a higher growth rate than the corresponding figure of 12.12 per cent for private life insurers during the month. LIC collected Rs 22,082.37 crore in group premiums in June this year, compared to Rs 23,731.13 c...
LIC clocks 14.6 pc growth in individual premium for June
LIC clocks 14.6 pc growth in individual premium for June
Source: IANS
2025-07-10 05:53:55 pm
Centre extends tax exemption benefits to IREDA bonds The Central Board of Direct Taxes (CBDT) has notified bonds issued by Indian Renewable Energy Development Agency Ltd. (IREDA) as "long-term specified assets" that are eligible for tax exemption benefits under section 54EC of the Income-tax Act.  The tax benefit has kicked in with effect from July 9, 2025. The CBDT notification states that bonds redeemable after five years and issued by IREDA on or after the notification date will qualify for tax exemption benefits under s...
Centre extends tax exemption benefits to IREDA bonds
Centre extends tax exemption benefits to IREDA bonds
Source: IANS
2025-07-10 02:04:29 pm
NBFC & Insurance Sector Update : Asia marketing: Hopes pinned on H2 revival amid soft ongoing performance by Emkay Global Financial Services Ltd We met with over twenty investors in Asia last week, to discuss NBFC, Insurance, and other financial services stocks. Key takeaways: 1) Easing of the regulatory environment in both—the NBFC and Insurance spaces, and growth impetus by the regulators and the government, set the platform for stronger performance in H2FY26. 2) Performance delivery in Q1 (and possibly in Q2) by NBFCs (in AUM growth, asset quality, and credit cost) and Insurers (in terms of growth) is not too encouraging. 3) ...
NBFC & Insurance Sector Update : Asia marketing: Hopes pinned on H2 revival amid soft ongoing performance by Emkay Global Financial Services Ltd
NBFC & Insurance Sector Update : Asia marketing: Hopes pinned on H2 revival amid soft ongoing performance by Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
2025-07-10 11:00:39 am
Collaboration between NBFCs and banks needs to be institutionalised: FM Nirmala Sitharaman Gross loan advances by non-banking financial companies (NBFCs) have grown significantly, doubling from Rs 24 lakh crore as of March 2021 to Rs 48 lakh crore as of March 2025, Finance Minister Nirmala Sitharaman said on Wednesday.  Addressing the ‘NBFC Symposium 2025’ here, she said NBFCs have emerged as an important source of credit for segments that have historically been underserved or excluded. “The NBFC ecosystem has over 9,000 registered entities, which range...
Collaboration between NBFCs and banks needs to be institutionalised: FM Nirmala Sitharaman
Collaboration between NBFCs and banks needs to be institutionalised: FM Nirmala Sitharaman
Source: IANS
2025-07-10 10:34:55 am
PB Fintech moves up on incorporating new step-down subsidiary in Dubai PB Fintech is currently trading at Rs. 1867.90, up by 13.55 points or 0.73% from its previous closing of Rs. 1854.35 on the BSE. The scrip opened at Rs. 1854.80 and has touched a high and low of Rs. 1873.90 and Rs. 1840.00 respectively. So far 1436 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2254.95 on 06-Jan-2025 and a 52 week low of Rs. 1312.10 on 17-Mar-2025. Last one week high and low of the scrip stood ...
PB Fintech moves up on incorporating new step-down subsidiary in Dubai
PB Fintech moves up on incorporating new step-down subsidiary in Dubai
Source: Accord Fintech
2025-07-10 10:30:21 am
CAMS trades higher on launching new payment gateway Computer Age Management Services is currently trading at Rs. 4173.95, up by 50.50 points or 1.22% from its previous closing of Rs. 4123.45 on the BSE. The scrip opened at Rs. 4130.00 and has touched a high and low of Rs. 4200.15 and Rs. 4113.80 respectively. So far 16911 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5367.45 on 12-Dec-2024 and a 52 week low of Rs. 3030.00 on 03-Mar-2025. Last one week high and...
CAMS trades higher on launching new payment gateway
CAMS trades higher on launching new payment gateway
Source: Accord Fintech
2025-07-09 03:42:38 pm
Indian NBFCs to clock 25 pc growth in education loan AUM in FY26 amid US uncertainties For non-banking finance companies (NBFCs) in India, education loans have been the fastest-growing asset class, clocking over 50 per cent growth in the assets under management (AUM) over the past few years, a report said on Wednesday. This fiscal (FY26), growth is seen moderating to 25 per cent with AUM reaching Rs 80,000 crore.  The pace is likely to halve this fiscal as disbursements for pursuing educational courses in the US decelerate following a raft of policy changes in that coun...
Indian NBFCs to clock 25 pc growth in education loan AUM in FY26 amid US uncertainties
Indian NBFCs to clock 25 pc growth in education loan AUM in FY26 amid US uncertainties
Source: IANS
2025-07-09 12:23:04 pm
NBFC Sector Update : Modest start in Q1; hope of a stronger H2 on improving macro by Emkay Global Financial Services Ltd We expect the overall NBFC sector to track a slower growth mode in Q1, amid weak vehicle sales that led to weaker growth in vehicle finance and a slower housing finance segment. The 100bps rate cut by the RBI from Feb to Jun-25 might drive a small moderation in cost of borrowings in Q1, while the full impact on NIMs will start reflecting in H2FY26, in our view. On the credit cost front, the Q1FY26 show will be typically weaker vs Q4FY25; we believe YoY credit cost too will be elevated. Howeve...
NBFC Sector Update : Modest start in Q1; hope of a stronger H2 on improving macro by Emkay Global Financial Services Ltd
NBFC Sector Update : Modest start in Q1; hope of a stronger H2 on improving macro by Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
2025-07-09 10:37:43 am
India continues to outperform most of other economies: HSBC Mutual Fund`s Kailash Kulkarni The Indian fundamentals are very strong in the long term and the country continues to outperform most of the other economies – a trend that would continue for the next several years, Kailash Kulkarni, CEO, HSBC Mutual Fund, said on Tuesday.  Speaking to IANS, Kulkarni said that when people say this is the decade of India, they are absolutely right. “There is a strong government support, especially around manufacturing and digital adoption, which gives a big plus to this...
India continues to outperform most of other economies: HSBC Mutual Fund`s Kailash Kulkarni
India continues to outperform most of other economies: HSBC Mutual Fund`s Kailash Kulkarni
Source: IANS
2025-07-08 03:52:50 pm
Muthoot Capital Services jumps on raising Rs 100 crore through NCDs Muthoot Capital Services is currently trading at Rs. 319.85, up by 7.50 points or 2.40% from its previous closing of Rs. 312.35 on the BSE. The scrip opened at Rs. 314.50 and has touched a high and low of Rs. 320.10 and Rs. 314.50 respectively. So far 305 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 405.70 on 26-Sep-2024 and a 52 week low of Rs. 232.55 on 07-Apr-2025. Last one week high and low of the scrip ...
Muthoot Capital Services jumps on raising Rs 100 crore through NCDs
Muthoot Capital Services jumps on raising Rs 100 crore through NCDs
Source: Accord Fintech
2025-07-08 01:51:08 pm
Debt securitisation volumes inch up to Rs 49,000 crore during Q1FY26: Crisil Crisil Ratings in its latest report has said that debt securitisation volumes have inched up to Rs 49,000 crore during April-June 2025 (Q1FY26) as compared to Rs 45,000 crore recorded in the year-ago period. It said the total number of originators in these securitisations, wherein a lender hands over future receivables on a single or a bunch of loans to a new entity usually on a discount, was around 90. According to the report, issuances by non-banking financial companies (NBFCs), led by l...
Debt securitisation volumes inch up to Rs 49,000 crore during Q1FY26: Crisil
Debt securitisation volumes inch up to Rs 49,000 crore during Q1FY26: Crisil
Source: Accord Fintech
2025-07-08 11:25:46 am
Securitisation volume rises to Rs 49,000 crore in Q1 as NBFCs lead charge Securitisation volume rose nearly 9 per cent to around Rs 49,000 crore in the first quarter (April-June) of 2025-26, compared with Rs 45,000 crore in the same quarter of the previous financial year, according to a Crisil Rating report released on Monday.  Issuances by non-banking financial companies (NBFCs), led by large players, posted a strong year-on-year growth of about 24 per cent. This helped offset the lower origination volume by banks, supporting the overall securitisation mar...
Securitisation volume rises to Rs 49,000 crore in Q1 as NBFCs lead charge
Securitisation volume rises to Rs 49,000 crore in Q1 as NBFCs lead charge
Source: IANS
2025-07-07 05:27:30 pm
IIFL Finance surges on raising Rs 50 crore through NCDs IIFL Finance is currently trading at Rs. 489.00, up by 14.40 points or 3.03% from its previous closing of Rs. 474.60 on the BSE. The scrip opened at Rs. 474.65 and has touched a high and low of Rs. 495.45 and Rs. 474.65 respectively. So far 228429 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 560.50 on 20-Sep-2024 and a 52 week low of Rs. 280.95 on 04-Mar-2025. Last one week high and low of the scrip stood at ...
IIFL Finance surges on raising Rs 50 crore through NCDs
IIFL Finance surges on raising Rs 50 crore through NCDs
Source: Accord Fintech
2025-07-07 02:58:15 pm
RBI withdraws Rs 1 lakh crore from banking system through VRRR auction to tackle surplus liquidity The Reserve Bank of India (RBI) on Friday withdrew Rs 1,00,010 crore from the banking system through a seven-day variable rate reverse repo (VRRR) auction.  The move is aimed at reducing the excess liquidity currently present in the banking system. According to a statement by the RBI, it received bids worth Rs 1,70,880 crore during the auction. “Out of this, the central bank accepted Rs 1,00,010 crore at a cut-off rate of 5.47 percent,” the Central Bank said in its stat...
RBI withdraws Rs 1 lakh crore from banking system through VRRR auction to tackle surplus liquidity
RBI withdraws Rs 1 lakh crore from banking system through VRRR auction to tackle surplus liquidity
Source: IANS
2025-07-04 05:35:13 pm
Poonawalla Fincorp moves higher after its AUM rises 52.9% in Q1FY26 Poonawalla Fincorp is currently trading at Rs 477.35, up by 11.20 points or 2.40% from its previous closing of Rs 466.15 on the BSE. The scrip opened at Rs 468.95 and has touched a high and low of Rs 483.35 and Rs 467.95 respectively. So far 76724 shares were traded on the counter. The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 483.35 on 01-Jul-2025 and a 52-week low of Rs 267.25 on 04-Mar-2025. Last one week high and low of the scrip stood at Rs ...
Poonawalla Fincorp moves higher after its AUM rises 52.9% in Q1FY26
Poonawalla Fincorp moves higher after its AUM rises 52.9% in Q1FY26
Source: Accord Fintech
2025-07-04 12:23:01 pm
Mega Corporation gains on getting nod to acquire 14.89% stake in BB&HV Mega Corporation is currently trading at Rs. 2.88, up by 0.04 points or 1.41% from its previous closing of Rs. 2.84 on the BSE. The scrip opened at Rs. 2.97 and has touched a high and low of Rs. 2.97 and Rs. 2.73 respectively. So far 80661 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 4.44 on 02-Jan-2025 and a 52 week low of Rs. 1.58 on 12-Aug-2024. Last one week high and low of the scrip stood at Rs. 2.97 an...
Mega Corporation gains on getting nod to acquire 14.89% stake in BB&HV
Mega Corporation gains on getting nod to acquire 14.89% stake in BB&HV
Source: Accord Fintech
2025-07-04 11:47:44 am
NBFC Sector Update : Margin pressure to weigh on earnings by Motilal Oswal Financial Services Ltd Margin pressure to weigh on earnings Loan growth muted; treasury remains the key profitability driver * Credit growth remains muted; expect recovery in 2HFY26: Systemic credit growth slowed to ~9.6% as of 13th Jun’25 amid demand moderation in the retail segment and a cautious growth strategy followed by banks in unsecured loans. With moderation in loan growth, the incremental CD ratio has eased to 74%, though the outstanding CD ratio remains elevated at ~79%. We expect credit grow...
NBFC Sector Update : Margin pressure to weigh on earnings by Motilal Oswal Financial Services Ltd
NBFC Sector Update : Margin pressure to weigh on earnings by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial services Ltd
2025-07-04 09:27:59 am
Buy Bajaj FinServ Ltd For Target Rs. 2,250 By JM Financial Services Management meet Takeaways We met the management of Bajaj Finserv and its key subsidiaries in Pune. The interactions underlined that the company is not a holding company but a group of businesses, all in the Financial Services domain, supporting each other. We have highlighted key takeaways from meetings with insurance subs (BAGIC – Bajaj Allianz General Insurance Company, and BALIC – Bajaj Allianz Life Insurance Company) and platform businesses (Bajaj FInserv Health and Bajaj F...
Buy Bajaj FinServ Ltd For Target Rs. 2,250 By JM Financial Services
Buy Bajaj FinServ Ltd For Target Rs. 2,250 By JM Financial Services
Source: JM Financial Services
2025-07-03 03:39:09 pm
Mahindra Finance zooms on reporting marginal rise in overall disbursement in Q1FY26 Mahindra & Mahindra Financial Services is currently trading at Rs. 270.10, up by 8.15 points or 3.11% from its previous closing of Rs. 261.95 on the BSE. The scrip opened at Rs. 263.35 and has touched a high and low of Rs. 273.85 and Rs. 263.25 respectively. So far 391014 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 333.63 on 27-Sep-2024 and a 52 week low of Rs. 235.46 on 07-Apr-2025. Last one week high a...
Mahindra Finance zooms on reporting marginal rise in overall disbursement in Q1FY26
Mahindra Finance zooms on reporting marginal rise in overall disbursement in Q1FY26
Source: Accord Fintech
2025-07-03 12:54:52 pm
RBI directs banks, other lenders not to levy pre-payment charges on business loans to individuals, MSEs The Reserve Bank of India (RBI) has directed banks and other lenders not to levy any pre-payment charges on all floating-rate loans and advances, including for business purposes, availed by individuals and micro and small enterprises (MSEs). The directions will be applicable to all loans and advances sanctioned or renewed on or after January 1, 2026. In terms of extant guidelines, banks and NBFCs are not permitted to levy foreclosure charges/pre-payment penalties on any floating rate term-loa...
RBI directs banks, other lenders not to levy pre-payment charges on business loans to individuals, MSEs
RBI directs banks, other lenders not to levy pre-payment charges on business loans to individuals, MSEs
Source: Accord Fintech
2025-07-03 12:19:16 pm
Veefin Solutions surges on acquiring 26.55% stake in White Rivers Media Solutions Veefin Solutions is currently trading at Rs. 348.50, up by 6.25 points or 1.83% from its previous closing of Rs. 342.25 on the BSE. The scrip opened at Rs. 342.25 and has touched a high and low of Rs. 348.50 and Rs. 342.25 respectively. So far 2400 shares were traded on the counter. The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 753.90 on 10-Sep-2024 and a 52 week low of Rs. 256.10 on 01-Apr-2025. Last one week high and low of the scrip stood ...
Veefin Solutions surges on acquiring 26.55% stake in White Rivers Media Solutions
Veefin Solutions surges on acquiring 26.55% stake in White Rivers Media Solutions
Source: Accord Fintech
2025-07-03 11:08:37 am
Quote on NBFC Loan Growth Slowdown by Mr. Amod Khanorkar, Chief Rating Officer at Infomerics Valuation and Ratings Ltd Below the Quote on NBFC Loan Growth Slowdown by Mr. Amod Khanorkar, Chief Rating Officer at Infomerics Valuation and Ratings Ltd   "The performance of NBFCs is being impacted by a high base effect, stress in retail assets, and the slow transmission of rate cuts. However, with the RBI expected to cut rates, bonds are likely to become more attractive. Highly rated NBFCs continue to witness strong investor appetite for their bond offerings."   Above views are...
Quote on NBFC Loan Growth Slowdown by Mr. Amod Khanorkar, Chief Rating Officer at Infomerics Valuation and Ratings Ltd
Quote on NBFC Loan Growth Slowdown by Mr. Amod Khanorkar, Chief Rating Officer at Infomerics Valuation and Ratings Ltd
Source: Infomerics Valuation and Ratings Ltd
2025-07-02 03:54:58 pm
Reduce Fusion Finance Ltd For Target Rs. 170 By Emkay Global Financial Services Ltd Turnaround to be prolonged and challenging We met with Fusion Finance’s new CEO Sanjay Garyali (ex LTFH, Kotak), to understand his business turnaround plan. He indicated that immediate focus is on managing asset quality and restoring profitability, while adopting a disciplined and diversified portfolio growth approach in the long run. However, we believe the geographic/product diversification away from MFI would lead to elevated operational cost in the initial phase and hurt margins;...
Reduce Fusion Finance Ltd For Target Rs. 170 By Emkay Global Financial Services Ltd
Reduce Fusion Finance Ltd For Target Rs. 170 By Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
2025-07-02 02:52:22 pm
Buy HDB Financial Services For Target Rs. 900 By Emkay Global Financial Services Ltd A play on enterprising Bharat; initiate with BUY We initiate coverage on HDB Financial Services (HDBFS) with BUY and Jun-26E TP of Rs900 (+22% upside), on FY27E P/B of 3.0x. Our positive view is due to 1) HDBFS being a highly diversified (geographically and product-wise), extremely granular (top 20 accounts constitute ~0.34% of AUM), and large-scale lending franchise with over 19mn customers. It has seen multiple credit cycles, Covid, and built from scratch with a bottomup approach. 2) Its...
Buy HDB Financial Services For Target Rs. 900 By Emkay Global Financial Services Ltd
Buy HDB Financial Services For Target Rs. 900 By Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
2025-07-02 02:36:50 pm
NPAs of India`s banks decline to multi-decade low of 2.3 pc The soundness and resilience of India’s scheduled commercial banks are bolstered by robust capital buffers, multi-decadal low non-performing loans and strong earnings, according to the RBI’s latest Financial Stability report.  The country’s scheduled commercial banks continued to record improvement in their asset quality, with the GNPA ratio and NNPA ratio declining to multi-decadal lows of 2.3 per cent and 0.5 per cent, respectively, the report states. While over...
NPAs of India`s banks decline to multi-decade low of 2.3 pc
NPAs of India`s banks decline to multi-decade low of 2.3 pc
Source: IANS
2025-07-02 12:23:22 pm
Mutual Fund exposure in NBFCs grow 32.5 pc to reach Rs 2.77 lakh crore in May The mutual fund exposure in the non-banking financial companies (NBFCs) grow 32.5 per cent to reach Rs 2.77 lakh crore in May, according to a new report.  This year-on-year growth was driven by commercial papers (CPs) and corporate debt, which remained over Rs 2 lakh crore for 14 consecutive months, according to a CareEdge Ratings report. The previous records were Rs 2.69 lakh crore in April this year and Rs 2.64 lakh crore in July 2018. However, the share of NBFC credit in tota...
Mutual Fund exposure in NBFCs grow 32.5 pc to reach Rs 2.77 lakh crore in May
Mutual Fund exposure in NBFCs grow 32.5 pc to reach Rs 2.77 lakh crore in May
Source: IANS
2025-07-02 11:35:26 am
Buy SBFC Finance Ltd For Target Rs. 124 By Ambit Capital Institutional The rising star Lack of formal documentation and high distribution costs starve microenterprises of formal, affordable credit. Still, MSME’s ~30% contribution to GDP and increasing land record digitisation drove ~24% CAGR (FY20- 25) in secured MSME credit. SBFC’s wide presence, function-specific verticals and early tech adoption aided 41% AUM CAGR (FY18-25). Given <Rs.1mn ticket LAP’s low rural penetration, expect 22% industry AUM CAGR (FY25-30E). SBFC’s LAP woul...
Buy SBFC Finance Ltd For Target Rs. 124 By Ambit Capital Institutional
Buy SBFC Finance Ltd For Target Rs. 124 By Ambit Capital Institutional
Source: Ambit Capital Institutional
2025-07-02 11:33:17 am
HDB Financial Services lists with 13% premium on the BSE HDB Financial Services has debuted at Rs 835.00 on the BSE, up by 95 points or 12.84% from its issue price of Rs 740.00.  The scrip is currently trading at Rs. 841.00, up by 101 points or 13.64% from its issue price. It has touched a high and low of Rs. 845.75 and Rs. 834.40 respectively. So far 36.68 lakh shares were traded on the counter. The offering, which was open for subscription between June 25, 2025 and June 27, 2025 was subscribed 16.69 times. The issue price was fixed ...
HDB Financial Services lists with 13% premium on the BSE
HDB Financial Services lists with 13% premium on the BSE
Source: Accord Fintech
2025-07-02 11:09:56 am
Urgo Capital Empowers Over 135,000 MSMES Releases Social Impact Report Capturing Growth, Inclusion & Sustainability UGRO Capital Limited, a leading DataTech NBFC focused on MSME lending, today released the third edition of its Social Impact Report, demonstrating how targeted credit drives measurable economic, social and environmental outcomes for India’s most dynamic yet underserved businesses. Produced in partnership with Dun & Bradstreet India, the report reflects UGRO’s expanding reach, serving over 135,000 MSMEs through 200+ branches nationwide and underscores its commitment t...
Urgo Capital Empowers Over 135,000 MSMES Releases Social Impact Report Capturing Growth, Inclusion & Sustainability
Urgo Capital Empowers Over 135,000 MSMES Releases Social Impact Report Capturing Growth, Inclusion & Sustainability
Source: PR Agency
2025-07-01 05:34:09 pm
AU Small Finance Bank gains on entering into partnership with Life Insurance Corporation of India AU Small Finance Bank is currently trading at Rs. 824.45, up by 6.70 points or 0.82% from its previous closing of Rs. 817.75 on the BSE. The scrip opened at Rs. 817.25 and has touched a high and low of Rs. 829.00 and Rs. 817.25 respectively. So far 9708 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 829.65 on 1-July-2025 and a 52 week low of Rs. 479.00 on 18-Mar-2025. Last one week high and low of the scrip st...
AU Small Finance Bank gains on entering into partnership with Life Insurance Corporation of India
AU Small Finance Bank gains on entering into partnership with Life Insurance Corporation of India
Source: Accord Fintech
2025-07-01 10:58:05 am
Indian economy remains a key driver of global growth: RBI Despite an uncertain and challenging global economic backdrop, the Indian economy remains a key driver of global growth, underpinned by sound macroeconomic fundamentals and prudent macroeconomic policies, the Reserve Bank of India (RBI) said on Monday.  The Reserve Bank, in the June 2025 issue of its 'Financial Stability Report (FSR)', said that elevated economic and trade policy uncertainties are testing the resilience of the global economy and the financial system. &ldquo...
Indian economy remains a key driver of global growth: RBI
Indian economy remains a key driver of global growth: RBI
Source: IANS
2025-07-01 09:59:09 am
NBFC Sector Update : At the crossroads By Emkay Global Financial Services Ltd Over the past 4-5 weeks, we had around 75 investor meetings across Mumbai, Singapore, and Hong Kong. Discussions mainly focused on takeaways from our China trip and its implications for Indian metals & mining equities, and recent developments in the steel sector. We also engaged with several physical commodity traders in Asia to assess near-term on-the-ground movements in supply-demand balances and prices. Our key takeaway is that sentiment around metals & mining equities is improving...
NBFC Sector Update : At the crossroads By Emkay Global Financial Services Ltd
NBFC Sector Update : At the crossroads By Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services
2025-06-29 09:56:15 am
Buy LIC Housing Finance Ltd For Target Rs. 685 By JM Financial Services LIC HF reported a beat in PAT of +6% JMFe at INR 13.7bn (+25%/-4% YoY/QoQ) led by margins inch up of +16bps QoQ. NIM expansion was driven by ~19bps decline in CoF and one-off interest recoveries of INR 160mn from NPA accounts. NII grew -3%/+8% YoY/QoQ while higher other income from recoveries from write-offs led to further beat in PPoP (- 1%/+7%YoY/QoQ, +7% JMFe). Disbursements growth was healthy at +5%/+24% YoY/QoQ; with loan book reaching INR 3.1trn (+7%/+3% YoY/QoQ). Asset quality improved...
Buy LIC Housing Finance Ltd For Target Rs. 685 By JM Financial Services
Buy LIC Housing Finance Ltd For Target Rs. 685 By JM Financial Services
Source: JM Financial Services Ltd
2025-06-28 12:31:21 pm
Sarbananda Sonowal inaugurates India`s first NBFC for maritime sector Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal on Thursday inaugurated the Sagarmala Finance Corporation Limited (SMFCL), India’s first Non-Banking Financial Company (NBFC) in the maritime sector.  Formerly known as the Sagarmala Development Company Limited, the SMFCL is now positioned to play a transformative role in India’s maritime infrastructure development. A Mini Ratna Central Public Sector Enterprise, the SMFCL has been formally registered as a...
Sarbananda Sonowal inaugurates India`s first NBFC for maritime sector
Sarbananda Sonowal inaugurates India`s first NBFC for maritime sector
Source: IANS
2025-06-27 10:02:02 am
LIC ranks 4th in top 10 list of most valuable Indian brands for 2025 The government-owned insurance giant Life Insurance Corporation of India (LIC) ranked 4th among the 10 most valuable brands in India, according to the Brand Finance India 100 report for 2025.  The report notes that LIC's 2025 brand value stood at $13.6 billion, up 35.1 per cent from its 2024 brand value of $10.07 billion. LIC reigns supreme among the top brands ranked in the Indian insurance sector. The public sector giant claimed the position of the world’s third stronge...
LIC ranks 4th in top 10 list of most valuable Indian brands for 2025
LIC ranks 4th in top 10 list of most valuable Indian brands for 2025
Source: IANS
2025-06-25 02:50:46 pm
Centrum Capital surges on the BSE Centrum Capital is currently trading at Rs 32.29, up by 0.82 points or 2.61% from its previous closing of Rs 31.47 on the BSE. The scrip opened at Rs 31.47 and has touched a high and low of Rs 32.92 and Rs 31.31 respectively. So far 10392 shares were traded on the counter. The BSE group 'T' stock of face value Rs 1 has touched a 52-week high of Rs 43.69 on 30-Jul-2024 and a 52-week low of Rs 22.41 on 07-Apr-2025. Last one week high and low of the scrip stood at Rs 32.92 and R...
Centrum Capital surges on the BSE
Centrum Capital surges on the BSE
Source: Accord Fintech
2025-06-25 02:01:07 pm
BLS E-Services surges as its arm to acquire CSPs of SBI, HDFC Bank BLS E-Services is currently trading at Rs. 202.85, up by 6.70 points or 3.42% from its previous closing of Rs. 196.15 on the BSE. The scrip opened at Rs. 205.95 and has touched a high and low of Rs. 205.95 and Rs. 199.10 respectively. So far 2299 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 269.90 on 25-Jun-2024 and a 52 week low of Rs. 131.15 on 07-Apr-2025. Last one week high and low of the scrip stood at ...
BLS E-Services surges as its arm to acquire CSPs of SBI, HDFC Bank
BLS E-Services surges as its arm to acquire CSPs of SBI, HDFC Bank
Source: Accord Fintech
2025-06-25 12:57:11 pm
Buy Aptus Value Housing Finance Ltd For Target Rs. 370 By JM Financial Services Strong quarter Aptus reported a strong PAT of INR 2.1bn (+26%/+9% YoY/QoQ) which was 6% above our estimates leading to RoA/RoE of 7.6%/20%. This was led by a) steady NII growth (+19%/+3% YoY/QoQ, -3% JMFe) as NIMs (calc.) declined -29bps QoQ, b) higher other income (+80%/+93% YoY/QoQ), and c) lower than expected opex (+21%/+11% YoY/QoQ). AUM growth remained strong at (+25%/+6% YoY/QoQ) driven by disbursements growth of (+10%/+14% YoY/QoQ). GS3/NS3 improved by ~8/6bps QoQ and PCR was sequen...
Buy Aptus Value Housing Finance Ltd For Target Rs. 370 By JM Financial Services
Buy Aptus Value Housing Finance Ltd For Target Rs. 370 By JM Financial Services
Source: JM Financial Services
2025-06-25 10:00:57 am
Neutral Piramal Enterprises Ltd for the Target Rs. 1,250 by Motilal Oswal Financial Services Ltd Volatility in earnings behind; gradual improvement ahead We interacted with the senior management team of Piramal Enterprises (PIEL), represented by Mr. Jairam Sridharan, CEO of Retail Lending and MD of Piramal Finance, to gain insights into the company's future growth plans and other strategic developments. The key takeaways from our discussion are outlined below. * PIEL is now more confident about its Retail business strategy and has emphasized that legacy challenges are largely b...
Neutral Piramal Enterprises Ltd for the Target Rs. 1,250 by Motilal Oswal Financial Services Ltd
Neutral Piramal Enterprises Ltd for the Target Rs. 1,250 by Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial services Ltd
2025-06-25 08:56:10 am