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NBFC GUIDELINES RBI
Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
RBI accepts 2 core investment companies' applications for surrendering registrationThe Reserve Bank of India has cancelled registration certificates for several non-banking financial companies and core investment companies...
PFC net up 3%, expects merger with REC by April 2027; flags concern over RBI normsPower Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India...
Gold loan guide: 7 things you must know before you pledge your gold
RBI rejects NBFC pleas on funds, norms tighteningThe Reserve Bank of India has rejected several suggestions from Non-Banking Finance Companies. Equity investments in group entities will no...
Sahamati secures Rs 50 crore in funding from large banks, AMCs, stockbrokers and fintechsSahamati, the NBFC-Account Aggregator body, has raised Rs 50 crore from major banks, asset management companies, stockbrokers, and fintechs...
Shapoorji Pallonji to close Rs 25,400 crore financing by mid-MayShapoorji Pallonji Group is set to raise about Rs 25,400 crore by May 15. This funding will be used to refinance existing debt. The group i...
SP Group to raise Rs 25,400 crore via bonds, loansShapoorji Pallonji Group is nearing the closure of a ₹25,400 crore debt raise by May 15, featuring annual coupons around 18.75%. This fundr...
Gold loan fintech companies build own loan books as RBI tightens normsGold loan fintech startups are pivoting from loan sourcing to building their own loan books due to tightened RBI regulations. Companies lik...
RBI gives operational flexibility to NBFCs for branch expansionThe Reserve Bank of India has eased rules for non-banking financial companies. NBFCs can now open branches without prior approval in most s...
CreditAccess Grameen looks to scale down microfinance growth, says MD & CEO Ganesh NarayananCreditAccess Grameen, a leading NBFC-MFI, is shifting focus from microfinance to secured lending like home loans. The company aims to becom...
Tata Capital may launch IPO in 2025, seek Jio Financial-like valuation: ReportAs per the RBI guidelines, an ‘upper-layer’ NBFC must list within three years of being notified. On September 14, 2023, the Reserve Bank of...
Focus on governance, business conduct, data protection: RBI governor to fintechsAt a meeting with fintech firms, RBI governor Shaktikanta Das reiterated that the central bank would continue to adopt a 'participative and...
RBI rules may force fintech firms to leverage NBFC operationsThis is a shift for the digital lending industry, which has largely focused on growing the lending-distribution platform to show scale and ...
RBI issues guidelines for NBFCs on dividend distributionThe guidelines shall be effective for declaration of dividend from the profits of the financial year ending March 31, 2022 and onwards. The...
RBI issues guidelines for appointment of statutory auditors of banks, NBFCsAs per the new norms, banks will be required to take prior approval of the RBI for appointment or reappointment of statutory auditors on an...
Reserve Bank of India removes curbs on NBFCs for sale of mutual fundsSKS Microfinance, Shriram Transport, Bajaj Finance and LIC Housing Finance will still have to follow Sebi guidelines for selling mutual fun...
- RBI plugs tax flaw in NBFC guidelines
The Reserve Bank of India (RBI) has shut a loophole in the non-banking finance company (NBFC) regulations which individuals exploited to es...
- RBI frames norms for NBFCs' overseas presence
Non-banking financial companies (NBFCs), planning to establish overseas presence, will have to comply with a new set of norms prescribed by...
- Spare NBFCs not accessing public funds of new regulations
NBFC structure allows the market players like banks to provide certain financial services, which otherwise, they may not be able to pursue ...