NBFC News

While banks use varied benchmark rates, they often slow interest rate reductions and cut EMIs, but not tenure. Borrowers can still benefit from the lowest repo rate in three years.

In an exchange filing, the NBFC company said that the board will consider fundraising by issuance of non-convertible debentures on private placement basis.

FD interest rates: We list out NBFCs such as Muthoot Capital and Shriram Finance that offer high interest rates on their fixed deposits (FDs)

Refinance requirements, the US Federal Reserve’s rate trajectory, and changes to India's ECB regulations may drive overseas fundraising, according to JPMorgan's Anjan Agarwal

This exercise, which the central bank said will sharply reduce compliance costs and regulatory redundancy, streamlines rulebooks for all supervised financial entities, including commercial banks and NBFCs.

Multibagger stock IIFL Finance gained nearly 3% as the board of directors approved a ₹2,000 crore fundraise via NCDs in one or more tranches. The stock has risen 485% in the last five years.

Paisalo Digital's stock rises 3% following a significant increase in stake by promoters. With strategic unpledging and upcoming NCD issuance, investors are closely watching this NBFC as it attempts a comeback in the market.

Paisalo Digital plans to issue up to 7,500 unsecured non-convertible debentures worth ₹75 crore, with an 8.50% annual coupon. The NCDs will be listed on BSE and have a tenure of 36 months. The company’s share price has fallen over 12% in the past month.

Sammaan Capital shares rose nearly 4% following a clarification regarding Supreme Court proceedings, which found no wrongdoing against the company. The firm emphasised it is now promoter-less and has fully repaid loans central to a public interest litigation that remains ongoing.