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NBFC SURRENDER LICENSE
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...- Sahamati plans interoperability for small aggregators for a level playing fieldWith interoperability, Sahamati aims to address the issue of each AA needing to integrate with every bank in order to establish an operatio...
- Analysts hike earnings estimates for these 9 stocks: Share price could give double digit returns in 2025To identify good quality stocks after a weak quarter when most companies saw a downgrade in earnings estimates, ET Wealth has identified ni...
- Ujjivan Financial Services, Fino Finance, other NBFCs surrender licensesNine non-banking finance companies, including Ujjivan Financial Services and Fino Finance, have given up their licenses for various reasons...
- Ugro Capital raises Rs 1,322 crore, acquires fintech lender MyShubhLife for Rs 45 croreThe deal with MSL enables Ugro Capital to enter the tech-enabled embedded finance market. The non-bank lender will initially pay Rs 28 cror...
- Centrum-Bharatpe joint venture to pump Rs 1,800 crore into PMC on mergerThis paves the way for ending nearly two anxious years for the PMC depositors whose over Rs 10,723 crore are still stuck in the crippled co...
- Altico set to surrender NBFC license as restructuring nears climaxAs a part of the plan which is awaiting the RBI's nod, SSG will pay Rs 3,200 crore to banks at about a 50% haircut to the Rs 6,000 crore de...
- RBL Bank raises its stake in Swadhaar FinServe to 100%Swadhaar is a business correspondence that works exclusively for RBL Bank.
- Religare Enterprises clarifies on NBFC licence cancellationReligare Enterprises today clarified that Religare Finance was non-operative and had voluntarily surrendered its licence.
- RBI eases NBFC norms for foreign banksThe Reserve Bank of India appears to have relaxed its policy on granting licences to foreign banks for setting up non-banking finance compa...
- 'Credit culture is fast spreading in India'The fast-growing economy will increase demand for banking products here, says Global Retail MD for India Samir Bhatia.
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