"Intense competition from banks and the rising interest rate scenario will limit the competitiveness of NBFCs in certain segments, leading them to focus on higher-yield segments for growth," said Krishnan Sitaraman, deputy chief ratings officer. Vehicle finance, which constitutes nearly half of the assets for NBFCs, will grow at 11-13 per cent in FY23, as against 3-4 per cent in FY22 and FY21, the agency said.

KKR is close to appointing two banks to manage the formal process for the transaction, the people said, asking not to be named as the information is not public. Other investors in the Mumbai-based firm might also join the private equity titan in the deal, taking the stake for sale to about 80% of the company, they said, without providing specific details.

New Delhi, Sep 11 (PTI) Suitors for debt-ridden Reliance Capital Limited (RCL) have sought extension of up to 4 months for submission of binding bids as part of its resolution process.

“In a follow-up to our report outlining our credit concerns with Adani Group companies, we are presenting this piece to reconcile our calculations with Adani Group’s presentation,” CreditSights said in a report Thursday. “We discovered calculation errors we had made in two of the Adani Group companies - Adani Transmission and Adani Power.”

The investment was facilitated via the Gruhas ASPIRE accelerator programme, a joint initiative of Gruhas Proptech Fund, The DLF Family office, and Anthill Ventures.

At present, the government and LIC are categorised as promoters. They would need approvals for the reclassification of their shareholding status under present regulations.

This new wave of digitalisation and online payments that has swept across the country with fintech innovations and a focus on building a digital economy.

The court was deciding an appeal by the Securities and Exchange Board of India (Sebi) seeking a stay on voting by creditors because it wanted all bond holders to participate in such votes, contrary to the debenture trust deed (DTD) and central bank guidelines that expect only 75% of the bondholders to vote.