Tag Archives: NBFCs:

Job Loss: How NBFCs lend money to first-time borrowers with no credit record?

NBFCs are actively working out for technology-based solutions to disburse small ticket size loans to people having no credit history. With the economic activities coming to a standstill during the nationwide lockdown imposed to contain the spread of highly contagious Novel Coronavirus COVID-19, many people, especially those working with unorganised sectors, have lost their jobs. During this moment of crisis, ... Read More »

NBFCs back in business of hiring

MUMBAI: Non-banking finance companies (NBFCs) are beginning to add crucial jobsacross various functions, indicating that stability has returned to a key sector that was unsettled last autumn by a liquidity squeeze and subsequent increases in capital costs. NBFCs could hire about 15,000 people in FY20, an estimate by recruitment firm TeamLease showed. Among those adding jobs are Mahindra Finance, Shriram Transport Finance, ... Read More »

Banks or NBFCs: Where should you take your education loan from?

Graphic: Mint It is said that education is the biggest wealth that one can accumulate, but getting quality higher education is increasingly becoming expensive. However, people are still going ahead and funding their children’s education, often with the help of education loans. One indicator of higher spends on higher education is the average ticket size of education loans (see graph). ... Read More »