Search For "non banking financial companies"
RBI drafts plan on outsourcing of IT services by banks, NBFCs
Updated : 4 days, 7 hours ago IST
New Delhi [India], June 24 (ANI): In order to ensure effective management of risks in outsourcing of IT activities by banks, non-banking financial companies, and other regulated entities, the Reserve Bank of India issued a draft 'Master Direction on Outsourcing of IT Services'.
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RBI gives 3 more months to banks, NBFCs to comply with certain rules of ca
Updated : 6 days, 19 hours ago IST
Mumbai (Maharashtra) [India], June 21 (ANI): The Reserve Bank of India (RBI) on Tuesday granted three months extension to banks and non-banking financial companies (NBFCs) to comply with certain provisions related to issuing credit and debit cards, including activation of cards without custo
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Rs 18 lakh crore NBFC debt set to become dearer by 85-105 bps this fiscal
Updated : 2 weeks ago IST
New Delhi [India], June 14 (ANI): Borrowing costs for non-banking financial companies (NBFC) are expected to become costlier by 85-105 basis points in the current financial year due to an increase in policy rates by the Reserve Bank of India (RBI), CRISIL Ratings said in a report released on
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EnKash launches API suite to enable NBFCs launch their own cards
Updated : 4 weeks ago IST
New Delhi [India], May 30 (ANI): Corporate spend management firm EnKash on Monday launched a card API suite that will enable non-banking financial companies (NBFCs), banks, and Fintech firms to launch their own card in a hassle-free manner.
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RBI cancels registration of five NBFCs due to irregular lending practices
Updated : 1 month 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 month, 1 week 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 : 4 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 : 5 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 : 5 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 : 6 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 : 9 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 : 9 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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