Search For "non banking financial companies"
RBI cancels registration of five NBFCs due to irregular lending practices
Updated : 3 days, 13 hours ago IST
Mumbai (Maharashtra) [India], May 25 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has cancelled the Certificate of Registration (CoR) of five Non-Banking Financial Companies (NBFCs) due to irregular lending practices.
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Supreme Court ruling on NBFCs removes key regulatory overhang: CRISIL
Updated : 1 week, 5 days ago IST
Mumbai (Maharashtra) [India], May 16 (ANI): The recent ruling by the Supreme Court that underscores the primacy of the Reserve Bank of India (RBI) as the regulator and supervisor of the non-banking financial companies (NBFCs), has removed a key regulatory overhang, rating agency CRISIL said
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EOW of Delhi Police arrests one for duping NBFCs
Updated : 3 months, 1 week ago IST
New Delhi [India], February 14 (ANI): Economic Offences Wing of Delhi Police arrested an absconder on Friday for duping two Non-Banking Financial Companies (NBFCs).
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Power Finance Corporation, REC Limited cut lending rates by 0.40 per cent
Updated : 4 months, 1 week ago IST
New Delhi [India], January 19 (ANI): The government-run Non-Banking Financial Companies (NBFCs), Power Finance Corporation and REC Limited, have reduced their lending rates across all types of loans by 40 bps or 0.40 per cent, the Ministry of Power said on Wednesday.
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PFC-REC make further reduction in lending rates
Updated : 4 months, 1 week ago IST
New Delhi [India] January 19 (ANI): State-owned non-banking financial companies, Power Finance Corporation (PFC) and REC Limited have further reduced their lending rates across all types of loans by 40 Bps.
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RBI introduces prompt corrective action framework for NBFCs
Updated : 5 months, 2 weeks ago IST
Mumbai (India), December 14 (ANI): The Reserve Bank of India (RBI) on Tuesday issued the Prompt Corrective Action (PCA) framework for Non-Banking Financial Companies (NBFCs).
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Muthoottu Mini Financiers launches new Gold Loan scheme at 6.5 percent int
Updated : 8 months ago IST
Kochi (Kerala) [India], September 26 (ANI/ATK): In an industry first initiative, Muthoottu Mini Financiers Ltd, one of the largest Non-Banking Financial Companies (NBFC) in India, announced the launch of their new Gold Loan scheme - 'Super Offer' at an interest rate of 6.5 percent.
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Muthoottu Mini Financiers launches 3 more zonal offices for greater custom
Updated : 8 months, 1 week ago IST
Kochi (Kerala) [India], September 18 (ANI/ATK): Muthoottu Mini Financiers Ltd, one of the largest Non-Banking Financial Companies (NBFC) in India, announced the launch of three new zonal offices across India to upgrade operational efficiency and to provide better customer experience.
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Concerns re-emerge on retail loans asset quality due to increasing lockdow
Updated : 1 year, 1 month ago IST
New Delhi [India], Apr 24 (ANI): The rising Covid-19 cases has again raised concerns on asset quality of retail loans from non-banking financial companies (NBFCs) and housing finance companies (HFCs), , according to investment information agency ICRA.
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Loans of Rs 14.96 lakh crore sanctioned since launch of PM Mudra scheme
Updated : 1 year, 1 month ago IST
New Delhi [India], April 7 (ANI): More than 28.68 crore loans for an amount of Rs 14.96 lakh crore have been sanctioned by banks, Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) since the launch of Pradhan Mantri Mudra Yojana (PMMY), according to the Centre.
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L&T Finance Holdings rights successfully oversubscribed
Updated : 1 year, 3 months ago IST
Mumbai (Maharashtra) [India], February 18 (ANI/NewsVoir): L&T Finance Holdings Limited ("LTFH" or "Company"), one of the leading private sector Non-Banking Financial Companies in India*, present in businesses including rural finance, housing finance, infrastructure finance, and investme
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SC refuses to pass order on plea seeking probe into China's alleged survei
Updated : 1 year, 3 months ago IST
New Delhi [India], February 3 (ANI): The Supreme Court on Wednesday refused to pass any order on a plea seeking directions to the Central government to investigate China's alleged surveillance on the President of India, Prime Minister, judges (sitting and retired) of the apex court and Hi
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