Banking & Finance

New Delhi: Mr.Ravinder Singh Dhillon, Chairman & Managing Director of Power Finance Corporation Ltd (PFC), a Maharatna Company and India's leading NBFC in the power sector, was conferred with the prestigious “CMD Leadership Award…

Hyderabad: India's well-known financial transaction platform, PhonePe, today announced that it has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion. The…

Bengaluru: KreditBee, one of India’s leading fintech platforms, in an extension of its Series D round raised an additional USD 100 million in primary funding from Advent International. Advent is one of the world’s largest and most…

New Delhi: The government on Friday said that Sovereign Green Bonds (SGrBs) would be issued in two tranches of Rs 8,000 crore each on January 25 and February 9, 2023. "As announced in the Union Budget 2022-23, the Government of India, as…

New Delhi: The government today raised interest rates on most post office savings schemes that do not get income tax benefits, in line with the firming of interest rates in the economy. While the interest rate for popular PPF (Public…

Chennai: Hinduja Leyland Finance (HLF), the non-banking financier and a subsidiary of CV maker Ashok Leyland, today announced its revision in credit ratings from CARE. Care Ratings Ltd has upgraded the long-term rating of HLF to “CARE AA…

Hyderabad: Shriram Finance Ltd. (Shriram Finance), India’s largest retail NBFC, on Friday announced it is planning to make a foray into new segments such as supply chain financing and education loan by next year. Shriram Transport…