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RBI NBFC RULES
PL Capital cuts Nifty target to 26,449, lists 16 high conviction stock picksAmidst global market turmoil from the Iran-US war and El Nino, PL Capital lowered its Nifty 50 target to 26,449. The brokerage anticipates ...
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 ...
Noel, Chandra set to hold talks ahead of Tata Sons board meetTata Trusts chairman Noel Tata and Tata Sons chairman N Chandrasekaran will meet soon. They will discuss important issues before a key Tata...
Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
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 ...
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...
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 startups find new shine; Infy Q4 profit jumpsHappy Friday! Gold loan fintechs are moving towards building their own loan books. This and more in today's ETtech Morning Dispatch.
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...
Tata Chemicals, Tata Investment Corp shares rally up to 12% amid Tata Sons IPO buzzShares of Tata Chemicals and Tata Investment Corporation rose sharply on Monday amid growing buzz around a potential Tata Sons IPO. Support...
Axis Bank shares rise 2% as lender set to invest Rs 1,500 crore into NBFC arm Axis FinanceAxis Bank shares gained after the lender approved a Rs 1,500 crore capital infusion into its NBFC arm, Axis Finance. The move follows a pau...
Get lenders dressing up loans to cut exposure, AIFs tell RBIThese are among the key proposals made by the fund industry body in its representation to the Reserve Bank of India (RBI) in the wake of th...
RBI's new lending norms: NBFCs play up spectre of collateral damage, knock on regulator's doorsIn a written communication to the apex bank, NBFCs -- lend to small businesses and provide secured loans -- have sought lower risk weightag...
RBI issues new rules, penalties for credit & debit cardsBanks with a net worth of Rs 100 crore and above are permitted to undertake credit card business either independently or in tie-up arrangem...
Cashpor and Sanghamithra to get NBFC-MFI license following RBI's new microfinance rulesThese are not-for-profit companies registered under Section 8 of the Companies Act, 2013. The RBI has withdrawn certain benefits for such l...
New auto debit rules of RBI set to kick in from FridayOn December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domest...
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...
NBFCs won't be overjoyed with RBI ruling: Phani Shekhar, Angel Broking'I do not think NBFCs will like it too much because they would have wanted NPA norms to be in line with banks.'
- RBI forms panel to rework NBFC rules
The Reserve Bank of India aims to revamp regulations for non-banking finance companies (NBFCs) for the first time in 15 years, an industry ...