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India Inc turned to non-bank routes for nearly half of FY25 funding

Economic Times

Economic Times · 1d ago

India Inc turned to non-bank routes for nearly half of FY25 funding

Corporate India is increasingly using non-banking channels for funding, with nearly half of the total financial resources in FY25 coming from equity markets, bonds, and non-banking financial companies (NBFCs), according to RBI data. A shift away from traditional bank credit has been observed, with a rise in equity issuances and NBFC loans. Bank credit demand declined by 14%, while non-bank channels contributed significantly, reflecting a diversification in funding sources and changing financial strategies.

Related News

Apple Targets 32% Of iPhone’s Global Production From India

Inc42 · 10m ago

Apple Targets 32% Of iPhone’s Global Production From India

Apple Inc plans to increase its iPhone production volume to 32% and its production value to 26% in India by 2026-27. The company's vendors estimate a production value of $9 billion for the first half of FY25. Apple recently established a subsidiary in India called Apple Operations India, which will concentrate on research, design, testing, and supporting third-party manufacturers.

MyGate Turns EBITDA Positive in FY25, Caps Off Multi-Year Turnaround with Sustained Growth

StartupTalky

StartupTalky · 3m ago

MyGate Turns EBITDA Positive in FY25, Caps Off Multi-Year Turnaround with Sustained Growth

MyGate, India's leading community management platform, turned EBITDA positive in FY25, marking a significant financial turnaround. The firm projects nearly doubling its revenue this fiscal year through aggressive monetization, new product launches, and expanded presence in Indian housing societies. For FY24, MyGate reported a revenue of INR 109 crore, growing by 41% YoY, with losses reducing by 82%. Supported by investors like Tiger Global and Tencent, it leads the community tech space in India.

Bandhan Bank CEO Chandra Shekhar Ghosh to retire in July

VCCircle

VCCircle · 1y ago

Bandhan Bank CEO Chandra Shekhar Ghosh to retire in July

Bandhan Bank's CEO, Chandra Shekhar Ghosh, is set to retire on July 9th. Ghosh has been with the bank for nearly a decade after setting it up as an NGO in 2001 and later acquiring a non-banking finance company. The bank will need to nominate a potential replacement and obtain final approval from the Reserve Bank of India for a new CEO.

Apple’s India sales surge 33% to record as China shift persists

Economic Times

Economic Times · 1y ago

Apple’s India sales surge 33% to record as China shift persists

Apple Inc. achieved record annual sales of nearly $8 billion in India, indicating a growing market where the company assembles more of its devices and operates two flagship stores. The revenue from India increased by 33% in the past year, with Apple's pricey iPhones comprising over half of the sales. This growth exemplifies Apple's progress in targeting India as a diversification strategy beyond the larger Chinese market. Despite dominating the market with cheaper Chinese devices using Android, Apple's presence is gradually increasing in India's expanding middle class.

Air India Express to launch direct flights connecting Ayodhya to Bengaluru and Kolkata

Livemint

Livemint · 1y ago

Air India Express to launch direct flights connecting Ayodhya to Bengaluru and Kolkata

Air India Express will introduce direct flights from Ayodhya to Bengaluru and Kolkata starting from 17 January, expanding connectivity to and from the city. The airline plans to operate non-stop flights on these routes, in addition to Delhi. The new routes aim to provide convenient travel options for pilgrims and boost the tourism potential of Ayodhya. Bookings for these flights can be made through the airline's app, website, and other major booking platforms.

NBFC lenders find borrowing a costly affair

Livemint

Livemint · 1y ago

NBFC lenders find borrowing a costly affair

Non-bank lenders in India are facing a tougher borrowing landscape, as banks become cautious of lending to them. This comes after a regulatory warning from the Reserve Bank of India (RBI), which increased the risk weights on non-bank finance companies (NBFCs) and limited bank funding to them. As a result, NBFCs are turning to alternative funding sources such as deposits and bonds, but these options can be costly. This shift could slow down their growth and force them to pass on higher rates to customers.

IPO-Bound MobiKwik Raises INR 50 Cr Debt Funding From BlackSoil

Inc42 · 1y ago

IPO-Bound MobiKwik Raises INR 50 Cr Debt Funding From BlackSoil

IPO-bound fintech startup MobiKwik has secured INR 50 crore (approximately $6 million) in debt funding from BlackSoil. The funding will be raised through the issuance of 800 non-convertible debentures at an annual interest rate of 15%. This comes after MobiKwik secured INR 10 crore in a term loan from CredAble earlier this year. The company has filed its draft red herring prospectus (DRHP) with SEBI and aims to raise up to INR 700 crore through an IPO. MobiKwik turned profitable in the first half of FY24, reporting a net profit of INR 9.5 crore.

Now, RBI To Allow Foreign Investors In IFSC For Investment In Sovereign Green Bonds

Inc42 · 1y ago

Now, RBI To Allow Foreign Investors In IFSC For Investment In Sovereign Green Bonds

The Reserve Bank of India (RBI) has announced that it will allow investment and trading of sovereign green bonds (SGrBs) at the International Financial Services Centre (IFSC), Gandhinagar. This move aims to facilitate wider non-resident participation in SGrBs. Currently, foreign portfolio investors (FPIs) registered with SEBI are permitted to invest in SGrBs under different routes available for investment in government securities. This decision comes after the Indian government announced plans to borrow INR 12,000 Cr through the issuance of SGrBs to meet budget needs. The government is actively working on attracting foreign investment through various channels.

Walmart India trims losses to Rs 110 Cr in FY25 amid muted revenue growth

Entrackr

Entrackr · 1h ago

Walmart India trims losses to Rs 110 Cr in FY25 amid muted revenue growth

Walmart India trims losses to Rs 110 Cr in FY25 amid muted revenue growth Walmart India, the wholesale and retail arm of the global retail giant, managed to reduce its losses in FY25 even as revenue growth remained subdued. Walmart India’s operating revenue grew by a modest 2.6% to Rs 5,331 crore in FY25, as compared to Rs 5,195 crore in FY24, as per its financial statement sourced from Tofler. Walmart makes money via wholesale trading, with significant contributions from both food and non-food products; sales of these products accounted for 99% of the total operating revenue. The company made Rs 43 crore from other income, comprising gains from financial instruments and interest on bank deposits, which pushed its total revenue to Rs 5,374 crore in FY25 from Rs 5,200 crore in FY24. On the expenditure front, the cost of materials, which formed nearly 90% of overall expenses, increased 3% to Rs 4,924 crore in FY25 from Rs 4,791 crore in FY24. Employee benefit expenses declined by 10% to Rs 139 crore, while finance costs fell 17% to Rs 57 crore. Transportation and collection charges saw a small increase to Rs 94 crore and Rs 44 crore, respectively. Overall, total expenses rose marginally by 2.4% to Rs 5,484 crore in FY25 from Rs 5,355 crore in FY24. Walmart India succeeded in narrowing its loss by 29% to Rs 110 crore in FY25 from Rs 154 crore in FY24. Its ROCE and EBITDA margin stood at -8.85% and -0.35% respectively. On a unit level, Walmart India spent Rs 1.03 to earn a rupee of revenue in FY25. The company had current assets worth Rs 765 crore, including Rs 59 crore in cash and bank balances during the same period. Flipkart Internet, the B2C arm of Flipkart, which is owned by Walmart, reported a 14% year-on-year increase in revenue for FY25, exceeding Rs 20,000 crore. During the same period, the company successfully reduced its losses by 37%, bringing them down to Rs 1,494 crore. Walmart India faces competition from organized retail and wholesale players, including Reliance Retail and Metro Cash & Carry.

No review of action against Paytm Payments Bank: RBI gov Shaktikanta Das

Livemint

Livemint · 1y ago

No review of action against Paytm Payments Bank: RBI gov Shaktikanta Das

Reserve Bank of India (RBI) Governor Shaktikanta Das has stated that there will be no review of the central bank's action against Paytm Payments Bank Ltd. The RBI had directed the bank to stop accepting deposits or top-ups in customer accounts, wallets, and other instruments, citing non-compliance of regulations and supervisory concerns. Das emphasized that decisions against regulated entities are made after careful analysis and assessment. The RBI is expected to issue FAQs on the Paytm matter, focusing on customer and depositor interests. Das also expressed confidence in achieving the projected 7% GDP growth for FY25.

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