Muthoot Finance Ltd said on Monday it has infused ₹200 crore into its wholly-owned housing finance unit, Muthoot Homefin (India) Ltd, to expand operations into more than 250 cities. The non-banking financial company (NBFC) said the capital will help Muthoot Homefin scale its assets under management more than fourfold over the next five years and
Shares of Muthoot Finance on Thursday hit a fresh high before settling with 10 per cent gains following a 65 per cent year-on-year surge in its consolidated profit after tax for three months ended June 2025. The stock ended nearly 10 per cent higher at ₹2,757.55 on the BSE, hitting a fresh high of ₹2,799.
Shares of Muthoot Finance on Thursday jumped over 11 per cent to a fresh high after the firm reported a 65 per cent year-on-year surge in its consolidated profit after tax for three months ended June 2025. The gold loan NBFC reported a 90 per cent growth in profit after tax at ₹2,406 crore in
“My shareholding has to be shifted to the NoFHC structure, where we need to figure out the process and the modalities,” Agarwal said. “We just got it (the approval) last night, so it takes some time, but it should not be so complex in my opinion. Also, we need to change our name from AU
Given Jain’s credentials and investor belief in him, Bajaj Finance shares are likely to see a positive reaction in the immediate term, as he takes over officially as MD, once again, it added. In an exchange filing last evening, Bajaj Finance said that Anup Kumar Saha tendered his resignation as the MD of Bajaj Finance
The Bajaj Finance share price is in focus after the surprise leadership change. The company’s recently appointed MD, Anup Saha, who was appointed in April 2025, has resigned. Its long-standing former MD, Rajeev Jain, is there as Executive VC & will now be VC & MD till March, 2028. While Sinha’s name has emerged as
Mumbai: Bank credit growth to non-banking financial companies (NBFCs) continues to lose steam, even after the Reserve Bank of India (RBI) rolled back tighter risk-weight norms earlier this year to support the sector. Experts said NBFCs are increasingly turning to bond markets for cheaper and quicker funding, while stress in microfinance and unsecured business loans
Sundaram Finance delivered a healthy performance in the March quarter, with net profit doubling year-on-year to ₹553 crore, up from ₹268 crore a year earlier. The sharp increase was aided by the absence of exceptional losses, which stood at ₹91.7 crore in Q4FY24. Revenue for the quarter rose 4.8% YoY to ₹2,259 crore, supported by
Credifin, a non-banking financial company, has raised USD 24.9 million (Rs 213.6 crore) through a mix of equity and debt to fuel its growth in MSME mortgage loans and E-vehicle financing. New Delhi, Apr 17 (PTI) Credifin, a non-banking financial company, on Thursday said it has raised USD 24.9 million (Rs 213.6 crore) capital through
When was the last time you visited a bank branch? Chances are that you will get different answers from Indians. If you are young and tech-savvy, most of your banking requirements are met through digital banking and you have hardly felt the need to visit a bank branch. If you are a senior citizen or in