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Reserve Bank of India
85 posts
SRG Housing Finance (NSE: SRGHFL) plans a bigger lending model beyond homes
SRG Housing Finance has approved a proposed conversion from a housing finance company into an NBFC-ICC, potentially widening its addressable market to MSME, business and other secured lending if regulators clear the shift.
IRCTC catering drove 88% of Q1 revenue growth, but profit barely moved
Indian Railway Catering and Tourism Corporation Limited grew Q1 FY27 revenue 18%, but profit stayed near ₹330 crore as catering became a much larger part of the mix and internet-ticketing margins weakened. Rising UPI usage now adds another monetisation challenge to its dominant railway platform.
Muthoot Fincorp files Rs 3,000cr IPO after profit surge as gold-loan growth tests capital discipline
Muthoot Fincorp has filed for a ₹3,000 crore IPO after a sharp increase in FY26 earnings and assets under management. Fresh equity could strengthen the balance sheet for another phase of gold-loan growth, but leverage, funding costs and the sustainability of recent profitability will shape the eventual valuation.
Inside the BofA and Jio Credit deal: Equity, warrants and the road to closing
Bank of America's $1.9 billion, up to 49.9% Jio Credit stake implies a $3.8 billion NBFC valuation and extends foreign capital's Indian lender push.
State Bank of India (NSE: SBIN) rises as Rs 21,121cr profit beats estimates
SBI beat Q1 profit estimates, but loans are growing twice as fast as deposits. Funding and margins now decide the next SBIN move.
MobiKwik Q1 FY27 profit reaches Rs 7.6cr as 5.6% EBITDA margin tests turnaround durability
One MobiKwik Systems has delivered its third consecutive profitable quarter, strengthening the fintech turnaround case as merchant payments and in-house lending become the next major execution tests.
Bajaj Finance Limited (NSE: BAJFINANCE) hits record high after Q1 beat
Bajaj Finance hit a record high after Q1 profit rose 28%. The next test is whether faster loan growth can justify its premium valuation.
SG Finserve (NSE: SGFIN) profit jumps 119% as Rs 4,552cr loan book tests durability of nil NPAs
SG Finserve Limited doubled operating income and lifted quarterly profit by 119% as its supply chain finance loan book reached a record ₹4,552 crore. Nil reported NPAs strengthen the growth narrative, but rising leverage, portfolio concentration and limited seasoning create a more demanding durability test.
Tamilnad Mercantile Bank (NSE: TMB) rises as 27% loan growth tests funding quality
Tamilnad Mercantile Bank (TMB) loans grew 27%, but CASA fell sequentially and the credit-deposit ratio neared 89%. Fast growth now faces a funding-quality test.
HDFC Bank just hired Axis Bank’s CFO, so what makes Puneet Sharma so valuable?
Puneet Sharma will move directly from Axis Bank to HDFC Bank, giving India’s largest private lender an experienced finance chief as it manages post-merger capital, deposit growth, regulatory scrutiny and a wider board-level transition.