As the stock market witnesses a recovery, what one should watch for is market breadth. Also, check which sectors are leading the rally. Why...

The Reserve Bank of India has rejected several suggestions from Non-Banking Finance Companies. Equity investments in group entities will no...

When a market is in a secular correction due to fears that the economy might take a hit for some reason, the fall is generally across the b...

The Reserve Bank of India is set to unveil a new framework for categorizing Non-Banking Finance Companies (NBFCs) into upper, middle, and b...

The Reserve Bank of India has announced that Tata Motors Finance and Piramal Enterprises have surrendered their registration certificates. ...

The Reserve Bank of India has clarified new rules for non-banking finance companies. Certain NBFCs with assets under Rs 1000 crore and no c...

RBI Governor Sanjay Malhotra urged NBFCs to prioritize fair customer treatment and implement a prompt grievance redressal mechanism. He emp...

Gold loan NBFCs seek priority sector status and inclusion in UPI-based credit systems in the upcoming Union Budget to drive financial inclu...

In a circular, Reserve Bank of India (RBI) said it has been decided that NBFCs - Middle Layer and NBFCs - Upper Layer with 10 and more 'fix...

The IOS will be on the lines of a similar system adopted at banks and will redress grievances related to deficiencies in service, Governor ...

The RBI hopes that the co-lending model (CLM), will improve the flow of credit to the unserved and underserved sector of the economy at an ...

The scheme which lays down rules for redressal mechanism in cases of customer complaints was earlier applicable only to deposit-taking NBFC...

In a FAQ released by the RBI on the Ombudsman Scheme, RBI said for grievance redressal, the complainant must first approach the concerned N...

The rules will be laid out by the end of this month. RBI will start with deposit-taking NBFCs and widen the scope to cover NBFCs with asset...

The move to bring about a customer grievance redressal is aimed at enhancing the availability of such platforms across the financial servic...

If they plan to raise public funds or intend to have customer interface in the future, they will be required to take a fresh approval.

RBI said the decision follows a representations on the applicability of said instructions to NBFCs that do not have any customer interface.