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RBI cancels registration certificates of 135 NBFCsThe Reserve Bank of India has cancelled the registration of 135 non-banking finance companies. Thirteen other companies have surrendered th...- 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...
- India's non-banking financial sector grew by 10%; declined globally by 3 %India's non-banking financial sector grew by 10% as per an SBI report, while the global sector saw a 3% decline. NBFI entities focus on len...
- Merger of HDFC entities to increase M&A prominence among banks: FitchFitch said the combined HDFC entity will have an asset base of USD 340 billion, nearly half the size of the largest bank, State Bank of Ind...
- RBI cancels registration certificate of P C Financial Services operating 'Cashbean' app"The CoR of the company has been cancelled on account of supervisory concerns such as gross violations of RBI directions on outsourcing and...
- NBFI recovery unlikely in near-term: Fitch RatingsAn investor poll at the annual Fitch on India event, held in early July 2020, revealed that more than 75 per cent participants believed Ind...
- Successful implementation of support measures for NBFI will be key: FitchIn a statement Fitch said, NBFIs will continue to face considerable risks to their asset quality and liquidity even as the economy reopens ...
- Fitch slashes India growth forecast to 30-year low of 2% for FY21Fitch Ratings has slashed India's growth forecast for FY21 to a 30-yr low of 2%, from 5.1% projected earlier.
- NBFCs' challenges could intensify following Yes Bank restructuring: FitchThe Reserve Bank of India (RBI) last week seized Yes Bank after noticing a surge in withdrawals by depositors.
- Developers may face liquidity crisis on NBFC woes: FitchLiquidity risk for Indian-based real-estate developers is increasing, Fitch Ratings has said.
- Liquidity constraints faced by NBFIs to tighten credit supply, dampen growth: Moody'sMoody's Managing Director and Chief Credit Officer (Asia Pacific) Michael Taylor said India's GDP growth will slow to just above 7 per cent...
- RBI to examine financials of 34,754 NBFCs: Namo Narayan MeenaThe government today said the Reserve Bank will examine financials of 34,754 non-banking finance companies (NBFCs) to ascertain their eligi...
- Few bank licence applicants likely to succeed: FitchGlobal rating agency Fitch today said the 26 applicants for new bank licences in India face tough requirements.
- RBI cancels CoR of two non-banking FIsRBI restricted two non-banking financial institutions from transacting business allegedly for not complying with the operating guidelines a...
- RBI cancels CoR of two Gujarat based Non-banking FIsRBI restricted two non-banking financial institutions(NBFIs) from transacting business allegedly for not complying with the operating guide...
- Chit fund scam: AT group chief Pradip Sethi held, sent to jailPradip Sethi, who was playing hide and seek with police for the past three months, was finally nabbed last night and produced in a court he...
- Tripura govt to hand over NBFI cases to CBIThe state had introduced an Act in 2000 to control the NBFIs which was amended in 2011 to give more teeth to the Act, Sarkar said.
- RBI cautions public against investing in unregistered NBFIsThe Reserve Bank cautioned public against investing in non-banking finance institutions (NBFI), including Forex Achievements.
- RBI cancels licences of 3 finance cosRBI on Friday said it has cancelled the certificate of registration granted to three companies for carrying on the business of a non-bankin...
- Only functioning NBFCs can hold registrationForeign banking groups will find it more difficult to buy into dormant finance companies to make inroads into financial services.
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