India, Oct. 19 -- Non-banking lenders reach borrowers that banks often overlook, from small-town home buyers to self-employed shopkeepers. Their business depends on steady access to funds, careful credit selection and low running costs. In recent years the lenders growing fastest have tilted toward secured retail loans, using technology to cut costs and spot risk early.

The Nifty 50 closed at 22,888.95, down 1.11%, while the Sensex fell 1.17% to 73,852.90 on Monday. Meanwhile, Shares of Piramal Finance Ltd. were closed at Rs. 1,948.70, down 0.03% from previous close of Rs. 1,960.30. The stock opened at Rs. 1,960.00 and reached an intraday high of Rs. 1,970.20 and low of Rs. 1,939.00. The company currently has a market capitalization of ...