SBFC Finance is aiming to maintain its annual asset under management (AUM) growth target between 25% and 30% for the financial year 2024-25 (FY25), despite the high base effect. “We have been guiding 5% to 7% growth now for probably more than eight quarters in a row,” Mahesh Dayani, Chief Business Officer of SBFC Finance,
PNB Housing Finance reported a strong performance for Q4 FY25, with net profit rising by 27.7% year-on-year to ₹567 crore, compared to ₹444 crore in the same quarter last year. This growth was driven by a solid 20% increase in net interest income (NII), which stood at ₹736 crore, up from ₹614 crore in Q4
The Reserve Bank of India’s (RBI) impending framework for gold loans has come amidst a significant surge in gold loan outstanding and non-performing assets (NPAs) in the segment. The sustained rally in gold prices has driven the growth in gold loans, as consumers tap into the rising value of their gold assets. Simultaneously, banks and