nbfcs - Latest News, Analysis, Opinion

Banking & Finance NBFC

As per the report, there are more than 200 industry-specific compliance requirements for an NBFC operating at a single location within the country

Transparency Increases Trust, Converts Into More Business: Dr Ravi Modani

Sneha Patro

Economy

The Reserve Bank of India (RBI) on August 10 had issued detailed guidelines that elaborated increased scrutiny and supervision over digital lending apps

NBFCs To Bring Digital Loan Under RBI Rules Will Safeguard Consumer Data

Sneha Patro

RBI has asked the banks and NBFCs to implement the digital loans under revised rules in view to protect consumer interest

RBI Asks NBFCs To Bring Existing Digital Loans Under Revised Rules By Nov 30

The central bank had last month tightened digital lending norms to prevent some entities from charging excessive interest on loans and using unfair means to recover outstanding loans

Why NBFCs Should Embrace Digital Payments Solutions?

Sneha Patro

NBFCs also have been at the front of this change or development and have been seeking themselves with advanced stages to associate with prospective clients

Finance Ministry Permits State-Iwned NBFCs To Issue 'Letter of Comfort'

Economy

NBFCs should be involved in infrastructure sector and LOCs should be provided by banks only for opening letter of credit

NBFCs Cannot Be Regulated By State Enactments: SC

A bench of Justices Hemant Gupta and V Ramasubramanian said NBFCs play a very vital role in contributing to the financial health of the country whose operations are controlled by RBI

BoB Launches End-To-End Digital Co-Lending Platform To Facilitate NBFC Partnerships

The digital co-lending platform has state-of-the-art capabilities to handle both the option, Non-Discretionary and Discretionary models

RBI Changes Rules For NBFC Loan Approval

It was said by RBI that NBFCs should not give loans of 5 crores or more to their chairman, MD or their relatives and directors. Apart from this, approval will be given for any builder project only when all necessary approvals are received from the government

Housing Finance Company, 8 NBFCs Surrender Certificates Of Registration To RBI

Indie Homefin cannot transact the business of a housing finance institution nor of a non-banking financial institution.

PNB To Sell National Steel & Agro Industries To Recover Dues Of Rs 200 Cr

For the prospective bidder to expedite the process of due diligence exercise and for verification purposes of the buyer, the bank said it will make all possible efforts to bring copies of documents at one place.

Gold Loan NBFCs May See 18-20% Growth In Assets Under Management This Fiscal: Report

The agency's Senior Director and Deputy Chief Ratings Officer Krishnan Sitaraman said gold loan disbursements have rebounded sharply in the second quarter of this fiscal after a dismal first quarter.

3 Nbfcs Get USD 55 Mn From USAID, DFC To Support Farmer Sector