Search Results for: NBFCs

RBI proposes stricter rules for housing finance firms

The RBI on Monday issued a draft circular which proposes to harmonise regulations of housing finance companies (HFCs) with that of non-banking finance companies (NBFCs) in several areas such as minimum capital requirement and deposit taking rules.

Jan 16, 2024

rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

RBI issues directions on Internal Ombudsman rules for banks, NBFCs

The Reserve Bank of India (RBI) on Friday released a master direction on the Internal Ombudsman norms for banks and big NBFCs to harmonise the instructions applicable to various regulated entities on the Internal Ombudsman (IO) mechanism.

Dec 30, 2023

Google for India 2023 recap: "Make in India" Pixel phones, localised AI tools & more [read now]

In a fillip to the 'Make in India' initiative, Google on Thursday said it aims to start manufacturing/assembling Pixel smartphones in the country and the first 'India-made' batch will reach the consumers next year, as the tech giant announced several localised AI features to expand digital commerce and access to citizen-centric information services and solutions.

Oct 19, 2023

5 Simple Ways To Fast-Track Loan Approval For Professionals In India

Various financial institutions today offer professional loans, and these are mostly unsecured. However, if you are applying for a significant loan amount, you may have to pledge your asset as collateral

Apr 26, 2023

Banks drag down Wall Street stocks; Indian banks strong, says RBI Governor

What we have in India today is a well-regulated and well-supervised banking sector and even the NBFCs sector and other financial entities come under the RBI's domain, says RBI Governor

Mar 18, 2023

Update Aadhaar card online free of cost next 3 months, UIDAI urges users to update 10-yr-old info

The free service is available for the next three months, i.e., March 15 to June 14, but only on myAadhaar portal and will continue to attract a fee of Rs 50 at physical Aadhaar centres, as in the case earlier.

Mar 16, 2023

UIDAI urges people to keep documents updated in Aadhaar issued 10 years back

The Unique Identification Authority of India (UIDAI) has urged people to update their documents in Aadhaar issued 10 years back for continued accuracy of information in the Aadhaar database.

Dec 24, 2022

IDBI Bank Disinvestment: Govt invites bids for buyers

According to the conditions of the EoI, private sector banks, non-banking finance companies (NBFCs), foreign banks and even alternative investment funds registered by SEBI can bid for IDBI Bank.

Oct 8, 2022

RBI tightens noose on fraudulent Chinese lending apps; plugs loopholes in regulatory guidelines

Investigating agencies found that various fintech companies in collusion with NBFC had thus indulged in predatory lending, by-passing the regulatory system.

Aug 18, 2022

BharatPe sees more high-profile exits after Ashneer Grover saga [details]

After facing the months-long Ashneer Grover saga, fintech platform BharatPe is witnessing some high-profile exits and now, its founding member Satyam Nathani has resigned.

Jun 12, 2022

PLI schemes to create 1 cr jobs in 5 yrs: Ministry

The outcome from the Centre's recently announced slew of production-linked incentive schemes, in terms of production, is expected to be over $504 billion over the next five years, an official statement said on Thursday.

Dec 17, 2021

The Ideal Model of Remote Work - Far from a 'one-size-fits-all' situation, Says Nishant Shah

Nishant Shah said Jackstien Practices helps achieve a move off-premises by anywhere from 100% to 65%. We would typically phase this over a few months

May 25, 2021

Covid-19 resurgence, lockdowns to dampen recovery of India Inc: ICRA

Rating agency ICRA on Wednesday cautioned that the continuing resurgence in Covid-19 cases, along with proliferation of localised restrictions, could dampen the pace of recovery for the Indian corporate sector.

Apr 29, 2021

RBI asks banks to refund 'interest on interest' collected during Covid moratorium on loans

The Reserve Bank of India (RBI) has directed all banks and NBFCs to immediately put in place a board-approved policy to refund or adjust the 'interest on interest' charged to borrowers during the moratorium period of March 1 to August 31, 2020.

Apr 8, 2021

Indo-Canadian arrested after raid on India call centre scams

The scamsters recruited local individuals and students as 'money mules' to receive money from their victims and then launder it to them

Dec 25, 2020

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