IIFL Finance Share Price: IIFL Finance shares surged 12.3% after the Reserve Bank of India lifted restrictions on its gold loan business. T...

Gold loans saw a surge of over 20% in June 2024 compared to May. Despite RBI's restrictions on cash disbursements, NBFCs transitioned smoot...

A Crisil analysis revealed that gold loans grew over 20% in June 2024 from the previous month. Banks and NBFCs maintained an LTV ratio of 6...

Last week, ther National Company Law Tribunal (NCLT), Bengaluru, refused to stay Byju’s extraordinary general meeting (EGM) scheduled for F...

The Reserve Bank of India (RBI) directed IIFL Finance to halt sanctioning and disbursing gold loans immediately due to material supervisory...

Sa-Dhan executive director P Satish said the rule is not practical for the MFIs, which maintain various current accounts with banks based o...

Further, the central government has announced a financial package under the Prime Minister Garib Kalyan Yojana under which approximately Rs...

The microfinance borrowers and lenders were among the biggest beneficiaries of Aadhaar-led identity verification.

The earlier provision for NBFC was that high value loans against gold of Rs 1 lakh and above must only be disbursed by cheque.

As Modi's 50-day deadline draws near, there is a growing consensus among bankers that the restrictions on withdrawal would have to continue

disbursements are affected except that till RBI clarification came last Saturday where once we deposit money into the bank account we canno...

“The ground-level situation has shown sharp improvement from the initial few weeks of November. Borrowers have shown good repayment discipl...

Patnaik's Biju Janata Dal did not join the Mamata Banerjee-led group protesting the move and, instead, promptly welcomed "any measure again...

The Reserve Bank further said the Rs 50,000 withdrawals may be disbursed predominantly in Rs 2,000 denomination bank notes.

At places, queues formed up within minutes of news spreading word of mouth that cash was being dispensed at a particular ATM.

However, MFIs may not be comfortable maintaining high disbursement levels at a time when their collections come under pressure.

Companies have also stopped loan disbursement in physical cash, creating gaps in borrowers’ daily cash credit requirements.