Ensure nominations in all accounts, lockers: RBI to banksThe Reserve Bank has directed banks to ensure deposit accounts and safety lockers have nominations to ease claim settlements. Observing man...
17 Jan, 2025, 10.16 PM IST
RBI's directors cut: NBFCs told to oust PE, VC observersThe Reserve Bank of India (RBI) is tightening regulations for private equity and venture capital funds invested in non-banking finance comp...
05 Dec, 2024, 05.01 AM IST
Are variable pay, incentives driving risky growth at NBFCs?As India's NBFC sector grows rapidly, driving financial inclusion, some of these companies are taking risky paths to growth through exubera...
09 Oct, 2024, 02.43 PM IST
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...
09 Feb, 2024, 02.16 PM IST
RBI calls upon internal ombudsmen to give inputs for enhancing processesThe conference was attended by MD & CEOs, executive directors in charge of customer service verticals, internal ombudsmen, principal nodal ...
18 Jan, 2024, 07.47 PM IST
Banks should step up spending on IT security systems: Swaminathan"It is also observed that many banks have not been spending fully the budget earmarked for procurement of IT systems and IT security system...
29 Dec, 2023, 05.57 AM IST
RBI comes out with PCA framework for NBFCsThe RBI said," NBFCs have been growing in size and have substantial inter-connectedness with other segments of the financial system. Accord...
15 Dec, 2021, 06.06 AM IST
Single body for complaints against banks, NBFCs, pre-paid card issuers from June 2021Currently, there are separate ombudsmen for banks, non-banking finance companies and prepaid card issuers. The move is aimed at providing a...
05 Feb, 2021, 11.35 AM IST
Lots of unanswered questions ahead of CG Power AGMThe Murugappa Group's Tube Investments of India which has taken over the company has invested nearly Rs 800 crore to turnaround the scam hi...
19 Oct, 2020, 02.02 PM IST
Sebi feels mutual funds have full flexibility on PTCs, no further relaxations neededPTCs are certificates given to the investors including banks and mutual funds, where repayment comes from a basket or pool of underlying lo...
12 Apr, 2020, 03.31 PM IST
Bad loans of public sector banks fall to Rs 7.27 lakh crore at end of Sept 2019: Nirmala Sitharaman"The government has instituted comprehensive reforms in PSBs to improve, governance, underwriting, monitoring and recovery, and has leverag...
10 Feb, 2020, 04.34 PM IST
NBFCs hope to come out of deep, dark tunnel in 2020Higher borrowing costs, rising defaults and rating downgrades made 2019 a tumultuous year for NBFCs.
31 Dec, 2019, 06.41 PM IST
NCLAT expresses displeasure over delay in IL&FS resolutionThe tribunal directed the Corporate Affairs Ministry and IL&FS group to file a fresh progress report by September 3 ahead of the next heari...
09 Aug, 2019, 10.41 AM IST
Client confidentiality main focus of RBI's new norms for NBFCsIssues directions on code of conduct while outsourcing of financial services
10 Nov, 2017, 08.28 PM IST
RBI release new outsourcing norms for NBFCsIn a notification on its website on Thursday RBI issued fresh directions on managing risks and code of conduct in outsourcing of financial ...
09 Nov, 2017, 10.08 PM IST
Uniform norm for gold jewellery valuation as loan collateralThe Reserve Bank today came out with standardised norms for valuation of gold jewellery as collateral for loan from banks.
20 Jan, 2014, 08.02 PM IST
- Decision on FDI in brokerages soon
The fate of foreign direct investment (FDI) in insurance and commodity broking would be decided soon. Brokerage platter: Zensar, Madras Cem...
26 Oct, 2007, 12.00 PM IST