The ever-evolving payments framework in India is set to witness regulatory action by the Reserve Bank of India; PCI now wants the government to step in and resolve the issue for greater clarity.
Kumar said the NBFCs will have to maintain capital adequacy norms, introduce core banking solutions and make adequate disclosures by 2025
Banks and non-banking financial companies (NBFCs) were to implement the Master Direction on 'Credit Card and Debit Card – Issuance and Conduct Directions,...
The industry's GLP stood at Rs 2,59,377 crore in March 2021
The agency expects borrowing cost of NBFCs to go up by 85-105 basis points (bps) in this fiscal owing to recent hikes in repo rate by 90 basis points in two...
The gross stage 3 assets (loans overdue for more than 90 days) for NBFCs reduced to 4.4 per cent in March 2022 from 5.7 per cent in December 2021, Icra Ratings...
The vehicle is powered by an advanced 8.5-kW capacity lithium-ion battery that can be charged through a 16 A socket using the offboard portable charger in four...
In times of uncertainty and crisis, Indians often take gold loans, despite the social stigma attached. Here are a few things to keep in mind before pawning...
The analysis is based on Icra-rated retail pools securitised by non-banking finance companies (NBFCs) and housing finance companies
In a circular on Monday, the central bank specified rates of provision for outstanding loans extended by 'NBFC-Upper Layer'
The percentage share of funds deployed by mutual funds in CPs of NBFCs in FY22 stood at 4.4 per cent of debt assets under management (AUMs), up from 3.6 per...
The book now pay later payment has been introduced on bookings for travel, flight or hotels, on MakeMyTrip as well as on the Goibibo app
As the central bank has increased the repo rate, the interest rates on loans are set to rise. In such a scenario, would a ‘fixed rate’ loan be a good deal?...
SEBI, which conducted an investigation in the matter for April, 2011 to March, 2017, found that two stock brokers were involved in gross misconduct and...
The Non-Banking Finance Company (NBFC) also posted its highest ever consolidated profit after tax at Rs 7,028 crore in the fiscal ended March 2022, up 59 per...
Reserve Bank of India has come with set of master directions for card issuers; here’s what you should know as a credit cardholder
Reserve Bank of India comes out with set of master directions for card issuers; unsolicited loans, upgradation now liable for penalty
The Reserve Bank of India has specified the maximum permissible lending possible to a single entity by an NBFC or a group of connected NBFCs.
The amount of loans securitised by Non-Banking Financial Companies and Housing Finance Companies in FY21 stood at Rs 87,300 crore
With cancellation of the CoRs, these 22 entities cannot transact the business of a Non-Banking Financial Company (NBFC), the RBI said in a statement.
The Reserve Bank of India has announced various policies and frameworks focused on the Indian payments and transaction ecosystem. Read below to find out more...
The last date for submission of bids for the debt-ridden firm had been extended to March 25 from March 11 earlier by the Reserve Bank-appointed administrator.
SBI said it has placed these accounts for sale to asset reconstruction companies (ARCs)/banks/Non-Banking Financial Companies (NBFCs)/financial institutions...
A microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs 3 lakh.
Gold loan portfolio across banks has jumped by more than 89 per cent year-on-year to Rs 60,700 crore in FY21 and Rs 70,900 crore in the first nine months of...
