Mumbai: In a significant relief to non-banking finance companies (NBFCs), the Reserve Bank of India (RBI) has restored the recognition of default loss guarantees (DLGs) in loan provisioning, reversing its earlier restrictive stance. The move is expected to strengthen digital lending partnerships and support broader credit expansion. Under the revised…
Tag: #NBFC
News
Bajaj Housing Finance Q2 Profit Rises 18% to ₹643 Crore
Mumbai, November 6: Bajaj Housing Finance Ltd reported an 18% year-on-year (YoY) rise in its profit after tax (PAT) to ₹642.96 crore for the second quarter of FY26, driven by strong loan growth and higher interest income, according to the company’s regulatory filing. The non-banking financial company (NBFC) recorded a…