Kerala Financial Corporation is a government owned non-banking financial company in the state of Kerala, India. The company was formulated by the State Financial Corporations Act of 1951 passed by the Kerala Legislative Assembly to accelerate the industrial growth of the state of Kerala. Read More
When the RBI governor announces the decision of Monetary Policy Committee today all eyes would be on the quantum of policy rate cut. India's central bank is just 40 basis points away from bringing down the key lending rates near its historic low of 4 ...
Public sector banks have sanctioned support to non-banking finance companies (NBFCs) and housing finance companies (HFCs) amounting to a total of Rs 4.14 lakh crore, including Rs 0.97 lakh crore for pool-buyouts of assets of NBFCs/HFCs between Octobe ...
Amidst criticism over a free fall in the Gross Domestic Product (GDP) growth rate, Finance Minister Nirmala Sitharaman on Tuesday said that the government is committed to take up further reform measures in the economy. ...
India's central bank may just be days away from bringing down the key lending rates near its historic low of 4.75 per cent, from 5.15 per cent currently. The repo rate reached its lowest point in 2009 soon after the collapse of Lehman Brothers and th ...
Finance Minister Nirmala Sitharaman said on Saturday that several significant steps in structural reforms have been taken in the past few months and responses/interventions addressing the needs of the economy will continue, indicating more relief mea ...
The fear that at Dewan Housing Finance Corporation (DHFL) may spill over to other non-banking finance companies (NBFC) has pushed the government to introduce fresh rules and regulations to bring even the financial sector under the purview the Insolv ...
Indian Bank reported a net profit of Rs 359 crore for the quarter ended September 2019 on increasing income and improving asset quality by controlling loan slippage and other factors, said a top bank official. ...
Religare Enterprises Ltd (REL), a financial services group, has entered into a share purchase agreement (SPA) for sale of its NBFC business Religare Finvest to TCG Advisory Services for Rs 330 crore. ...
