Non-bank lenders in India have expanded their deposit base by 21% in FY24, outpacing banks’ 13.5% growth, according to RBI data. Major NBFCs like Bajaj Finance and Shriram Finance offer higher interest rates than banks, making them attractive to savers. The number of deposit-taking NBFCs has been reduced to 25 from 34 last year.
SBI to raise $3 billion through senior unsecured notes in FY26
State Bank of India plans to raise funds. The board approved raising up to $3 billion through senior unsecured notes. This will happen during fiscal
May 21, 2025