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Fintechs trade the wild west for regulatory licencesIndia's leading fintech firms, once disruptors, are now actively seeking regulatory licenses to ensure sustainable growth. Companies like P...- SBI cards sells Rs 1,800-crore bad loans to Integro FinservSBI Cards has taken a bold step in fortifying its financial health by offloading a considerable portion of its stressed credit card debt, v...
- 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 ...
- Stocks in news: RIL, IDFC First Bank, Paytm, Sun Pharma, Manappuram FinanceIndian markets faced pressure extending a corrective phase. Key companies like RIL, IDFC First Bank, and Paytm reported their financial res...
- 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...
- 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 proposes upper layer NBFCs to be defined by absolute asset size of ₹1 lakh crore+Reserve Bank of India is proposing a new rule for identifying top NBFCs. A simple asset size of Rs 1 lakh crore will now determine classifi...
- VFS Capital withdraws application for small finance bank licence, says RBIKolkata-based VFS Capital Ltd has withdrawn its application for a small finance bank license. The Reserve Bank of India had announced recei...
- RBI cancels registration of four NBFCs, accepts surrender of registration from 13 othersThe Reserve Bank of India (RBI) has taken significant action against non-banking financial companies (NBFCs) by cancelling the certificate ...
- RBI deputy governor flags business risks for NBFCsAddressing a NBFC summit organised by the Confederation of Indian Industry (CII) Rao said though total assets of NBFCs have increased to 18...
- Paytm unit seeks RBI exemption from NBFC tagIf a firm is categorised as an NBFC, it must have to apply from a license from RBI to continue its operations. Finance companies have capit...
- LVB’s loans to Religare probably led to denial of merger proposal: Sandeep Parekh, Finsec Law AdvisorsThere has been mischief in the loans that LVB has given, especially to the Religare Group.
- MoneyTap gets NBFC license, aims to bolster its market positionWith this new license, MoneyTap aims to further scale its business and deepen its existing Bank/NBFC partnerships, through a strong focus o...
- It may not be easy for LVB-Indiabulls deal to get RBI nod: Sandeep Parekh, Finsec Law AdvisorsCompared to an NBFC borrowing at 14-15%, banks can borrow at 7-10%, says Finsec Law Advisors founder.
- Kreditech gets RBI license to operate as NBFCKreditech's product suite for India will offer individualised direct-to-consumer loans as well as its LAAS, which allows partners to offer ...
- Religare Enterprises clarifies on NBFC licence cancellationReligare Enterprises today clarified that Religare Finance was non-operative and had voluntarily surrendered its licence.
- Houses with assets over Rs 1 thousand crore with NBFCs can’t apply for permit: RBIReserve Bank of India on Thursday clarified that business houses with assets above Rs 1,000 crore with finance companies will not be eligib...
- UAE Exchange India applies for banking license"We have been present in India since 1999 and we also have strong presence in all the countries, from where NRIs send money to their famili...
- NBFC stocks rise as RBI moots new banking licensesShares of major NBFCs today zoomed as much as 14 per cent after the Reserve Bank released the much awaited discussion paper on granting ban...
- 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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