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NBFC DEPOSITORS
Paytm rules out NBFC licence plansPaytm, the fintech major, has decided against seeking a Non-Banking Financial Company license. The company prefers a partnership model for ...- Senior citizen FD interest rate hike: This NBFC is now offering up to 7.75% interest rate to senior citizensBajaj Finance has boosted interest rates on its 31-60 month fixed deposits to 7.40%, with senior citizens now earning up to 7.75%. These re...
- Paytm shares crash 8% as RBI cancels Paytm Payments Bank's banking license. What lies ahead?Shares of One 97 Communications, the driving force behind Paytm, have taken a hit following the Reserve Bank of India's unexpected move to ...
- RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upsideThe RBI has cancelled Paytm Payments Bank's license due to regulatory non-compliance, citing detrimental operations and prejudiced manageme...
- Banking licence for conglomerates not on cards, says RBI Guv Sanjay MalhotraRBI Governor Sanjay Malhotra expressed concerns about granting banking licenses to conglomerates due to potential conflicts of interest inv...
- Investing in FDs with an NBFC? Check new RBI rules on premature withdrawal, nominations applicable from Jan 1, 2025New FD rules: The revised guidelines cover topics such as the acceptance of public deposits, including regulations concerning nominations, ...
- RBI directs deposit taking HFCs to maintain 15% as liquid fund, raise deposits only up to 5 yearsRBI on Monday said that public deposits accepting HFC can renew deposits after 12 months or more but not later than sixty months. It has al...
- Bajaj Finance launches digital FD with rates up to 8.85%Bajaj Finance has launched digital Fixed Deposit (FD) offering exclusive rates of up to 8.85 per cent on deposits booked through its app an...
- ED freezes Rs 143-crore assets of Manappuram Finance MD & CEO in money laundering caseThe case pertains to allegations of money laundering through "illegal" collection of deposits from the public, the agency said in a stateme...
- How do you know whether an NBFC accepting deposits is genuine or notThe RBI has taken a number of initiatives to educate customers against fraudulent NBFCs. Many cases of so-called legitimate NBFCs defraudin...
- NBFCs hope to come out of deep, dark tunnel in 2020Higher borrowing costs, rising defaults and rating downgrades made 2019 a tumultuous year for NBFCs.
- Now there is an ombudsman for non-deposit taking NBFCs tooIf you are a customer with an NBFC, then here is everything you need to know about getting your grievances redressed by the ombudsman.
- How to file a complaint with NBFC ombudsmanTo begin with, NBFC Ombudsman scheme will cover all deposit-taking NBFCs and the offices of the NBFC Ombudsmen will function at only four m...
- Regulators one can approach if duped by companies other than banksWhile it's well known that banks are governed by the RBI, most people don't know about the regulating bodies for companies that accept mone...
- Budget 2013: Parity in taxation for non-resident investors in IDFs"I propose to provide parity in taxation between an IDF- Mutual Fund that distributes income and an IDF-NBFC that pays interest", FM said i...
- Govt to probe Nagarjuna Finance fraud on 'top priority' basisThe government on Monday accorded "top priority" to the scrutiny of alleged defrauding of depositors by Hyderabad-based Nagarjuna Finance L...
- Sahara arm relinquishes NBFC licenceSahara now plans to change the objects of association of the company. In its new role, the company is likely to take over all the real esta...
- Arbitrage heat rises on deposit turfThe battle for deposits is leading to all kinds of arbitrage deals in the money markets. Corporates who are borrowing long-term are finding...
- HDFC seeks documentary proof for withdrawalss surging deposit rates and the March-end battle for deposits among banks gives rise to arbitrage possibilities,HDFC is tightening its scru...
- NBFCs will have to notify M&As well in advanceIn what is seen as further tightening of the norms for non-banking finance companies (NBFC), RBI has said that in case of change of managem...
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