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Ex Infosys CFO V Balakrishnan becomes patron of NBFC P2P platforms association

Ex Infosys CFO V Balakrishnan becomes patron of NBFC P2P platforms association

Former Infosys CFO V Balakrishnan has joined the Association of NBFC P2P Platforms as a patron member. The new grouping brings together P2P lending industry players aiming to represent India’s NBFC-P2P sector at key forums and influence policy and industry discussions.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
RBI review could block Tata Sons exemption and shake Venu Srinivasan’s listing plans

RBI review could block Tata Sons exemption and shake Venu Srinivasan’s listing plans

The RBI is expected to issue a revised circular on upper-layer NBFCs, with its scale-based regulation framework under review. Sources say Tata Sons may not receive the exemption it sought from upper-layer classification, a move officials believe could be aimed at avoiding an NBFC listing. The decision may significantly reshape the listing trajectory.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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AI powered NBFCs could outpace traditional banks in credit and underwriting

AI powered NBFCs could outpace traditional banks in credit and underwriting

AI adoption is giving NBFCs a measurable edge in lending, helping them win market share by improving credit underwriting and decision speed. The shift could let NBFCs grow faster than traditional banks over the next decade, squeezing incumbents that rely on older risk models and slower processes. As efficiency rises, competitiveness tilts toward AI-first lenders.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Sebi report revives Indiabulls YES Bank controversy with quid pro quo loan claims

Sebi report revives Indiabulls YES Bank controversy with quid pro quo loan claims

A Sebi report has reopened the Indiabulls YES Bank saga, citing prima facie evidence that loans were routed between promoter-linked entities via IHFL and other NBFCs on a quid pro quo basis. The findings were reportedly sent to the banking regulator in 2022. Sammaan Capital argues such SPV-backed lending is common in real estate and denies any link to Sameer Gehlaut.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Spandana Sphoorty CEO exits as bad loans and boardroom tensions erupt

Spandana Sphoorty CEO exits as bad loans and boardroom tensions erupt

Spandana Sphoorty, once a star in India’s micro-lending wave, is facing fresh turbulence as rising bad loans pressure performance. The situation worsened with CEO Shalabh Saxena’s exit, highlighting how internal governance and boardroom conflicts can amplify market stress. The setback is now reverberating across the wider non-banking finance sector.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Shriram Finance Q4 profit jumps 41% to Rs 3014 crore as NII rises

Shriram Finance Q4 profit jumps 41% to Rs 3014 crore as NII rises

Shriram Finance reported a sharp rise in standalone net profit, up 41% year-on-year to Rs 3,014 crore for the March quarter. Net Interest Income increased as well, while Assets under Management grew 15%. The NBFC has recommended a final dividend of Rs 6 per share, taking the full FY26 dividend to Rs 10.80.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Merisis hires Ruchir Kapoor to boost fintech and launch a wealth management push in India

Merisis hires Ruchir Kapoor to boost fintech and launch a wealth management push in India

Merisis has appointed Ruchir Kapoor to strengthen its fintech practice and drive a new wealth management foray. The hire brings over 20 years of experience spanning wealth management, fintech, NBFCs, and trade and SME banking, along with leadership experience across multiple geographies. The move signals Merisis’ intent to deepen financial services capabilities.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Gold loan fintechs pivot to own loan books as RBI tightens lending rules

Gold loan fintechs pivot to own loan books as RBI tightens lending rules

Gold loan fintech startups are changing gears after RBI tightened norms that disrupted their earlier loan-sourcing model. Firms like Indiagold and Oro are obtaining NBFC licenses and arranging debt funding to build direct lending loan books, while also weighing co-lending partnerships. The move aims to restore growth momentum as service-provider routes face tighter scrutiny.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
RBI draft on non banks threatens CICs with costly listing and new compliance rules

RBI draft on non banks threatens CICs with costly listing and new compliance rules

A new RBI draft for “upper layer” non-bank finance companies is expected to hit core investment companies (CICs) disproportionately, mainly by raising compliance costs. Mandatory listing requirements may be onerous for CICs that don’t plan to access public markets, while an AUM-based approach could complicate governance and listing timelines.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Rajeev Jain becomes FY25 top NBFC CEO as ESOP windfall boosts pay past 65 crore

Rajeev Jain becomes FY25 top NBFC CEO as ESOP windfall boosts pay past 65 crore

Rajeev Jain, Managing Director of Bajaj Finance, topped the FY25 list of best-paid NBFC CEOs with a package exceeding Rs 65 crore, including ESOPs valued at around Rs 40 crore. Arvind Kapil of Poonawalla Fincorp ranked second. Among bankers, HDFC Bank’s Sashidhar Jagdishan led with pay above Rs 12 crore.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Devesh Sachdev cofounds GLAAS with USD 5 million to push embedded credit for MSMEs

Devesh Sachdev cofounds GLAAS with USD 5 million to push embedded credit for MSMEs

Devesh Sachdev has joined credit platform GLAAS as a co-founder, investing USD 5 million. The startup targets embedded credit for MSMEs across India, building on Sachdev’s earlier Fusion Finance experience. GLAAS is also strengthening its NBFC, Gromor Finance, and expanding its partner network to scale lending through existing business ecosystems.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Fintech firms chase NBFC licences as RBI rules tighten, turning survival into a licensing race for margins

Fintech firms chase NBFC licences as RBI rules tighten, turning survival into a licensing race for margins

As RBI regulations tighten, fintech companies are scrambling to secure or pursue NBFC licences. For many players, the licence is more than compliance—it’s a survival lever and growth pathway. Direct lending can deliver higher margins than simply providing technology to banks or existing NBFCs, reshaping competition and strategy across the sector.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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