TAG: "NBFC"

News

Credit Fair Raises USD 5M from Symbiotics, Backed by BII, to Boost Solar Financing in India

The funding will strengthen Credit Fair to expand its presence in the rooftop solar financing space, primarily targeting residential as well as MSME customers.

NBFC | February 19, 2025 | By Abha Rustagi | 320

IREDA Q1 Results Show 32 percent Revenue Growth and 30 percent Increase in Net Profit

This milestone also marks IREDA as the first Central Public Sector Enterprise (CPSE) to promptly declare results and achieve the fastest publication of Audited Results in the Banking and NBFC space.

NBFC | July 15, 2024 | By News Bureau | 1159

IREDA's Credit Rating Upgraded to AAA (Stable) by CARE Ratings

CMD of IREDA, Pradip Kumar Das, expressed his views on the announcement, highlighting that the upgraded rating underlines the agency's dedication to building a strong financial foundation.

NBFC | June 21, 2024 | By Abha Rustagi | 2072

IREDA Chief Highlights Innovative Financing to Boost Wind Energy at Global Wind Day Event

The event, hosted by the Ministry of New and Renewable Energy at The Lalit in New Delhi, was part of the Global Wind Day celebrations, branded as Pawan-Urja: Powering the Future of India.

NBFC | June 18, 2024 | By Abha Rustagi | 1650

REC Wins ‘Sustainability Champion’ Award at Outlook Summit 2024

Saraswathi, Senior General Manager of REC’s Mumbai Office, received the award at the event held in Goa.

NBFC | May 30, 2024 | By Abha Rustagi | 1522

PFC Posts Record Profits in FY’24: Declares Highest Annual Profit After Tax

The group recorded a 25 percent increase in Profit After Tax (PAT), surging from INR 21,179 crores in FY’23 to INR 26,461 crores in FY’24.

NBFC | May 16, 2024 | By Abha Rustagi | 1301

REC Limited Receives RBI Nod for Wholly Owned Subsidiary in GIFT City

The proposed subsidiary aims to undertake various financial activities as a finance company within GIFT, encompassing lending, investment, and other financial services.

NBFC | May 06, 2024 | By Abha Rustagi | 805

REC Limited Secures Green Loan of JPY 60.5 Billion for Sustainable Projects in India

The green loan facility, enjoys an 80 percent guarantee by the Italian Export Credit Agency, SACE (Italy), under their innovative Push Strategy program.

NBFC | April 26, 2024 | By Abha Rustagi | 1643

REC Signs INR 1,869 Cr Agreement with CVPPPL for Kiru Hydro Electric Project in J&K

The agreement entails REC providing financial assistance amounting to INR 1,869.265 crores as a term loan to CVPPPL.

NBFC | April 25, 2024 | By Abha Rustagi | 1293

IREDA Hits Record High Annual Net Profit of INR 1252

The company has successfully reduced its Net Non-Performing Assets (NPAs) to 0.99 percent in FY 2023-24 from 1.66 percent in FY 2022-23, demonstrating a significant reduction of 40.52 percent year-on-year.

NBFC | April 20, 2024 | By Anurima Mondal | 1102