India's banking sector needs urgent reforms. The Confederation of Indian Industry's report highlights slow loan recovery and complex laws. ...

Paytm shares fell 8% after RBI cancelled Paytm Payments Bank’s licence but recovered sharply as brokerages stayed bullish. Analysts see lim...

Shares of One 97 Communications, the driving force behind Paytm, have taken a hit following the Reserve Bank of India's unexpected move to ...

The RBI has cancelled Paytm Payments Bank's license due to regulatory non-compliance, citing detrimental operations and prejudiced manageme...

Happy Friday! Gold loan fintechs are moving towards building their own loan books. This and more in today's ETtech Morning Dispatch.

CreditAccess Grameen, a leading NBFC-MFI, is shifting focus from microfinance to secured lending like home loans. The company aims to becom...

Uniorbit Technologies, which was impacted by the Reserve Bank of India's order to stop linking credit lines to prepaid cards in June 2022, ...

The Reserve Bank's internal working group in its report had said that well-run NBFCs, with an asset size of above Rs 50,000 crore, includin...

Our gross non-performing assets have been less than 2% in this entire period, says Jain.

NBFC stocks are in focus as some investors are showing interest in them in the hope that they would get a banking licence soon.

'They (the RBI guidelines) have been very well thought. RBI’s explanations were very detailed and clear, leaving nothing to chance.'

Mahindra Finance on Monday decided not to apply for a banking licence, citing Reserve Bank of India regulations

Mahindras said they will not be applying for a bank licence citing "disadvantageous" and unclear norms.

According to the company, the current set of guidelines has an adverse economic and operational impact on the business of larger NBFCs.

Shares of IDFC gained momentum in trade on Tuesday as sentiment turned bullish on expectations that it may get a banking licence.

"If a very few bank licences are given out, which is the expectation, I really do not see the margins of banks coming down," says Hemindra ...

"If the NBFC has a plan that is aligned with the bank, I see them accelerating that if they have an intent to get into banking," says Ajay ...