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Bajaj Finance Limited (BFL) is a deposit-taking Indian non-banking financial company headquartered in Pune. [6] [7] It has a customer base of 88.11 million [8] and holds assets under management worth ₹ 354,192 crore (US$41 billion), as of June 2024.
Non-Banking Financial Company (NBFC) is [1] a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares, stock, bonds, hire-purchase insurance business or chit-fund business, but does not include any institution whose principal business is that of agriculture, industrial activity, purchase or sale of any goods (other than ...
In this report, the lack of regulation in this area was claimed to be one reason for the 1997 Asian financial crisis. As of 2019, China's banking system is estimated to hold the equivalent of $8.3 trillion USD in assets (or approximately 20% of total bank assets) largely in the form of loans wrapped by NBFI investments.
The AMC has disclosed an average of ₹ 16,293 crore (US$1.9 billion) in average assets under management (AAUM) for the quarter ending 30 September 2024. [39] [40] As of August 2024, the company operates 13 active mutual funds in the country [41] and offers a portfolio that includes equity, debt, and hybrid asset classes. It is ranked among the ...
In February 2024, Motilal Oswal Financial Services faced a cyberattack by the ransomware group LockBit, which claimed to have accessed confidential data. This breach could affect the information of over six million clients and put at risk data related to the company's asset management and investment banking operations.
Bharat Financial Inclusion Limited (formerly known as SKS Microfinance Limited) or BFIL is a banking & finance company (NBFC), licensed by the Reserve Bank of India.It was founded in 1997 by Vikram Akula, who served as its executive chair until working. [3]
Muthoot Finance, according to the IMaCS Research & Analytics Industry Reports [Gold Loans Market in India, 2009 and the 2010 update to the IMaCS Industry Report 2009], is the largest Gold Loan NBFC and has the largest network of branches for a gold loan NBFC in India. [5]
In November 2012 Bloomberg reported in a Financial Stability Board report an increase of the SBS to about $67 trillion. [19] It is unclear to what extent various measures of the shadow banking system include activities of regulated banks, such as bank borrowing in the repo market and the issuance of bank-sponsored asset-backed commercial paper.