As per RBI statistics, the size of NBFC sector was pegged at Rs 54 Lakh crores in 2021, which was equivalent of 25% of the asset size of whole banking sector.
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Mahendra Lochhab
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In 2021, the NBFC sector was valued at Rs 54 Lakh crores, which was 25% of the banking sector's asset size.
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Mahendra Lochhab
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The market size of the luggage sector is pegged at about INR 50,000 crore in India with branded luggage contributing to 25% of the overall pie.
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Kotak Mahindra Finance became India's first NBFC to be converted into a bank after being granted an RBI banking license in 2003.
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Deepinder Goyal-led food delivery giant Zomato has abandoned plans to enter the non-banking financial company (NBFC) sector.
The company's subsidiary, Zomato Financial Services Limited (ZFSL), has decided to voluntarily withdraw its application to
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Atharva Deshmukh
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Brief History of RBI
The Reserve Bank of India (RBI) was established on April 1, 1935, based on the Hilton Young Commission's recommendations and the Reserve Bank of India Act, 1934.
Initially, the RBI took over the functions of the Controller of
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Mahendra Lochhab
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India's Sustainable Home Decor market size was valued at USD 14.78 billion in 2021 and is expected to reach USD 21.18 billion by 2029, at a CAGR of 4.6% from 2022 to 2029.
In 2021, the market size of grocery retail for the unorganized (kirana led) segment amounted to 592 billion U.S. dollars.
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Mahendra Lochhab
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The value of Indian tea exports was around US$ 718 million in 2021.
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Vikram Kumar
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Navi Finserv Ordered to Cease Loan Disbursement by RBI 🚨
In a recent development, Navi Finserv, the NBFC arm of Sachin Bansal’s Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa
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Mahendra Lochhab
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The food processing industry grew at an average annual rate of 8.3% in the last five years.
In 2021-22, the gross value added (GVA) of the industry was US$ 27.95 billion.
The food processing industry is expected to reach a market size of US$ 1,274