nbfcs - Latest News, Analysis, Opinion

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

The US Agency for International Development (USAID) is an international development agency of the US government and works towards uplifting lives, build communities, and advance democracy.

PSBs To Push Co-Lending With NBFCs, Digital, Agri Financing Under Ease 4.0 Reform

Ease 4.0 reforms agenda for financial year 2021-22 is likely to be unveiled by Finance Minister Nirmala Sitharaman later this week

Non-Food Bank Credit Grows 5.9 Per Cent In June: RBI Data