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Paytm shares crash 8% as RBI cancels Paytm Payments Bank's banking license. What lies ahead?Shares of One 97 Communications, the driving force behind Paytm, have taken a hit following the Reserve Bank of India's unexpected move to ...- Ujjivan, Arohan, Asirvad lower lending rate from JanuaryMicrofinance lenders like Ujjivan Small Finance Bank, Arohan Financial Services, and Asirvad Micro Finance have reduced their lending rates...
- RBI lifts restrictions on JM FinancialThe Reserve Bank of India has lifted restrictions on JM Financial Products Ltd. This allows the company to resume financing against shares ...
- Business operations of fintech NBFCs, MFIs to take a hit after RBI diktatThe RBI's directive to halt operations of four non-bank lenders, due to concerns about loan pricing practices, will significantly impact mi...
- Jio Financial denies being in talks to acquire Paytm walletJio Financial Services clarifies it is not in talks with One 97 Communications to acquire Paytm wallet. JFSL denies negotiations and calls ...
- 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 asks Bajaj Finance to stop disbursal of loans under 'eCOM' and 'Insta EMI Card'Last month, the RBI banned public sector Bank of Baroda (BoB) from onboarding any new customers onto its 'bob World' mobile application thr...
- Ahead of ban order, RBI gave a list of apps working with NBFCs to govtEarlier this week, the Ministry of Electronics and Information Technology banned 94 loan apps, which included entities not connected to Chi...
- Fintechs to seek clarity on RBI lending rulesThe RBI has, in the digital lending rules, addressed malpractices by illegal Chinese apps, putting a lid on measures such as data scraping ...
- 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...
- RBI bans Haribhakti & Co from undertaking audit assignments for two years"This action has been taken on account of the failure on the part of the audit firm to comply with a specific direction issued by RBI with ...
- Ban on Batliboi not fair, EY tells RBIThe firm has made representations to the RBI about the unfairness of such a ban and sought a relaxation of its stance, one of the people ci...
- Firm on pharma, Dilip Shanghvi surrenders NBFC licenceRBI puts on hold Shanghvi Finance's request for core investment company licence.
- Will ban on unregulated deposit schemes benefit P2P lending?The next time you are looking for an unsecured loan, make sure you reach out to the right lender.
- Sahara says RBI cancellation of NBFC licence mutually decided"Sahara stands on strong foundations which are evident from its un-withered standing even during the current constraints," it said in a sta...
- RBI stops NBFCs from charging penalties on loan pre-paymentThe latest decision has brought uniformity in the market as both banks and non-banks are on the same page with regard to prepayment of floa...
- RBI ban on new NBFCs triggers licence tradingThe ban on new licences appears to be contrary to RBI’s agenda of more institutions for financial inclusions, but it wants to review the re...
- RBI examines credentials of nearly 35,000 companies: Ministry of Corporate AffairsThe Reserve Bank is examining the credentials of nearly 35,000 entities whose particulars were shared with it by the Ministry of Corporate ...
- Regulators one can approach if duped by companies other than banksWhile it's well known that banks are governed by the RBI, most people don't know about the regulating bodies for companies that accept mone...
- IFCI very strong candidate among NBFCs: Seshadri BharathanET now spoke to Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, on his reaction to the news of RBI's draft paper.
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