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Nbfcs

Bajaj Finserv Launches Credit Pass In Association With TransUnion Cibil

Bajaj Finserv has partnered with TransUnion Cibil to launch a credit pass that will allow users to check their credit score and monitor their credit health. It comes at an annual fee of Rs 99

17 February 2023

RBI To Migrate Payments Fraud Reporting Module To DAKSH From Jan 1, 2023

RBI initiated the Central Payments Fraud Information Registry (CPFIR) in March 2020 to report payment frauds of scheduled commercial banks and non-bank Prepaid Payment Instrument (PPI) issuers.

28 December 2022

Commercial Bank Digital Loans Rise From 1.43% in FY2017 to Over 6% As On 2020

Overall digital loans of non-banking financial companies (NBFCs) has increased from 0.68 per cent in FY2017 to 53.05 per cent as on Dec 31, 2020.

19 December 2022

ICRA says RBI's rate hikes won't affect collections of non-bank lenders.

Rate Hikes Will Not Impact NBFCs' Collections: ICRA

The RBI has hiked rates in five consecutive policy reviews since May 2022 in order to curb inflation

09 February 2023

Reserve Bank Of India

Payment System Operators To Report Fraud On RBI's DAKSH From January 1

The RBI operationalised the Central Payments Fraud Information Registry (CPFIR) in March 2020 with reporting of payment frauds by scheduled commercial banks and non-bank Prepaid Payment Instrument (PPI) issuers

26 December 2022

RBI's House Price index Rises 4.5% In Q2, Kochi Tops Tally With 11.5% Jump

Four of the 10 cities in the index showed successive contraction, while the eight others showed expansion.

28 November 2022

Reserve Bank of India, RBI

Ahead Of Ban Order, RBI Gave A List Of Apps Working With NBFCs To Government

Earlier this week, the Ministry of Electronics and Information Technology banned 94 loan apps, which included entities not connected to China as well

08 February 2023

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What Are Hidden Costs Of Zero-Cost EMI?

Zero-cost equated monthly installments (EMIs) are frequently advertised as no-cost EMIs, but consumers should check if there are any hidden expenses before opting for such schemes

13 October 2022

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21 September 2022
RBI Governor Raises Concern On Digital Lending Apps At Global Fintech Festival

RBI Governor Raises Concern On Digital Lending Apps At Global Fintech Festival

RBI Governor Shaktikanta Das has said that the fintech industry is ever-growing and their intention is not to penalise the players, but fintechsmust follow the...


12 September 2022
NBFCs' Asset Growth Set To Touch Four-Year High In FY23: Crisil Ratings

NBFCs' Asset Growth Set To Touch Four-Year High In FY23: Crisil Ratings

The non-bank finance companies (NBFCs) segment has witnessed three consecutive years of constrained asset growth due to the COVID-19 pandemic, with the growth...


02 September 2022
Bring Existing Digital Loans Under Modified Norms By November 30: RBI To Banks, NBFCs

Bring Existing Digital Loans Under Modified Norms By November 30: RBI To Banks, NBFCs

Last month, the central bank tightened norms for 'digital lending' to prevent charging of exorbitant interest rates by certain entities and also check...


26 August 2022
Personal Retail Loans Surge By 50% In 2022, Says Andromeda & Equifax Report

Personal Retail Loans Surge By 50% In 2022, Says Andromeda & Equifax Report

Maximum number of personal loans were disbursed by non-banking financial companies. Private banks led the pack in terms of outstanding portfolio. Overall,...


13 August 2022
ED raids Bengaluru firm, freezes Rs 370 crore worth of assets held in crypto exchange

ED raids Bengaluru firm, freezes Rs 370 crore worth of assets held in crypto exchange

The Enforcement Directorate raids Yellow Tune Technologies premises concerning illegal loan apps and money laundering through crypto.


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05 August 2022
Few Things To Consider Before Taking A Used Car Loan

Few Things To Consider Before Taking A Used Car Loan

A used car could take you places, but they do come with a higher rate of interest as well as a shorter tenure. But there are other things to consider, too when...


19 July 2022
Small Ticket Loans Under Rs 1 Lakh Form 50% Of Personal Loan Segment: Report

Small Ticket Loans Under Rs 1 Lakh Form 50% Of Personal Loan Segment: Report

Small ticket loans now make 50 per cent of the personal loan segment and their ticket size is below Rs 1 lakh, says CRIF High Mark report. Here are four trends...


17 July 2022
Shriram Group's Non-banking Financial Entities To Get Amalgamated By December Quarter: MD

Shriram Group's Non-banking Financial Entities To Get Amalgamated By December Quarter: MD

Chennai-based Shriram Group announced the merger of two non-banking finance companies (NBFCs) in December 2021, which will create the largest retail NBFC in...


07 July 2022
Fintech Companies, NBFCs Funded By Chinese Money Generated Rs 950 Crore Slush Funds In India: ED

Fintech Companies, NBFCs Funded By Chinese Money Generated Rs 950 Crore Slush Funds In India: ED

The federal probe agency has mounted a crackdown on such companies who, it said, were "operating on the basis of instructions from Chinese, Hong Kong persons"...


06 July 2022
Fintech Companies, NBFCs Funded By Chinese Money Generated Rs 950-cr Slush Funds In India: ED

Fintech Companies, NBFCs Funded By Chinese Money Generated Rs 950-cr Slush Funds In India: ED

The federal probe agency has mounted a crackdown on such companies who, it said, were "operating on the basis of instructions from Chinese, Hong Kong persons"


27 June 2022
RBI Tightens Noose On Prepaid Payment Instruments; Payment Council Asks Govt To Step In

RBI Tightens Noose On Prepaid Payment Instruments; Payment Council Asks Govt To Step In

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...


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25 June 2022
NBFCs Should Diversify Risks Across Sectors: Former SBI Chief Rajnish Kumar

NBFCs Should Diversify Risks Across Sectors: Former SBI Chief Rajnish Kumar

Kumar said the NBFCs will have to maintain capital adequacy norms, introduce core banking solutions and make adequate disclosures by 2025


21 June 2022
RBI Postpones Implementation Of Certain Norms Related To Credit, Debit Cards By Three Months

RBI Postpones Implementation Of Certain Norms Related To Credit, Debit Cards By Three Months

Banks and non-banking financial companies (NBFCs) were to implement the Master Direction on 'Credit Card and Debit Card – Issuance and Conduct Directions,...


15 June 2022
Microfinance Gross Loan Portfolio Grows 10% As Of March 2022: MFIN

Microfinance Gross Loan Portfolio Grows 10% As Of March 2022: MFIN

The industry's GLP stood at Rs 2,59,377 crore in March 2021


14 June 2022
NBFCs To See Rs 18 Lakh Crore Loans Getting Repriced In FY23: Crisil

NBFCs To See Rs 18 Lakh Crore Loans Getting Repriced In FY23: Crisil

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...


13 June 2022
NBFCs, HFCs See Improvement In Asset Quality In Q4 FY22: Report

NBFCs, HFCs See Improvement In Asset Quality In Q4 FY22: Report

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...


10 June 2022
Omega Seiki Enters Passenger Electric Three-Wheeler Segment, Launches Stream At Rs 3.40 Lakh

Omega Seiki Enters Passenger Electric Three-Wheeler Segment, Launches Stream At Rs 3.40 Lakh

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...


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