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MIPL, a part of the Jayant Mhaiskar-promoted MEP Infrastructure Developers (MIDL), owes lenders led by IDFC First Bank more than ₹2,600 crore. Its agreement with the Maharashtra State Road Development Corporation (MSRDC) allows the company to collect tolls at all five entry points into Mumbai.

The management of AU believes that foraying into microfinance, which is essentially offering small loans to economically weaker and largely under-banked customers without collateral, is a natural extension of its business strategy.

​​LIC paid out the dividend following the annual general meeting, which took place on August 22, 2023 and after receiving approval during the AGM. In FY23, LIC had reported a 10.90% increase in total premium income to ₹4,74,005 crore.

​​Gold returns from local currencies in Turkey, Malaysia, Taiwan, and South Korea have yielded the highest returns over local equities. Kapoor said equity returns in India have exceeded that of gold because the rupee has been ‘fairly stable’, and the business environment has allowed companies to be profitable.

Sakthi Sugars jumped 11.3%, Dhampur Sugar gained 10.4%, Dwarikesh Sugar rose 9.8%, Bajaj Hindusthan advanced 7.2% and Balrampur Chini moved up 4.8%.

Personal loans will start at 10.10% a discount of up to 80 basis points, with nil processing fee and higher loan limits up to ₹20 lakh. BoB has also introduced a fixed rate option in personal & car loans.

In a fresh order, Sebi has restrained Brickwork Ratings from onboarding new clients or taking fresh mandates from existing clients for six months.

A total of 15 NBFCs are part of the list, down from 16 when the RBI first released it in September 2022. The RBI did not give any reason for the exclusion of Shanghvi Finance from the list. Among the 15 NBFCs in the list is Tata Capital Financial Services. Tata Sons, the holding company of the Tata Group, is classified as a core investment company (CIC) and part of the NBFC-Upper Layer.

While the retail segment is the fastest growing, the risks are building up with the possibility of repayment ability of some sections of the borrowers being tested, it said.

The sector witnessed a return on equity (ROE) expansion due to profitability improvement, led by healthy operating leverage over FY19-23.