Sunday, Jul 03, 2022
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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 resolve the issue for greater clarity.

27 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

25 June 2022

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,...

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

15 June 2022

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...

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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...


08 June 2022
5 Things To Consider Before Going For A Gold Loan

5 Things To Consider Before Going For A Gold Loan

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...


07 June 2022
Collection Efficiency For NBFCs, HFCs At 97-101% In April: Report

Collection Efficiency For NBFCs, HFCs At 97-101% In April: Report

The analysis is based on Icra-rated retail pools securitised by non-banking finance companies (NBFCs) and housing finance companies


06 June 2022
Reserve Bank Issues Provisioning Norms For Large NBFCs

Reserve Bank Issues Provisioning Norms For Large NBFCs

In a circular on Monday, the central bank specified rates of provision for outstanding loans extended by 'NBFC-Upper Layer'


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02 June 2022
Bank Credit To NBFCs Rises 10% To Rs 10.5 Lakh Crore In FY22: Report

Bank Credit To NBFCs Rises 10% To Rs 10.5 Lakh Crore In FY22: Report

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...


19 May 2022
MakeMyTrip Ties Up With Banks, NBFCs, Fintech Players For 'Book Now Pay Later' Option

MakeMyTrip Ties Up With Banks, NBFCs, Fintech Players For 'Book Now Pay Later' Option

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


05 May 2022
Is This The Right Time To Get A ‘Fixed Rate’ Loan?

Is This The Right Time To Get A ‘Fixed Rate’ Loan?

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?...


28 April 2022
SEBI Imposes Rs 29 Cr Fine On 9 Entities For Misutilisation Of Clients' Funds And Securities

SEBI Imposes Rs 29 Cr Fine On 9 Entities For Misutilisation Of Clients' Funds And Securities

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...


26 April 2022
Bajaj Finance Profit Zooms 80% To Rs 2,420 Crore In March Quarter

Bajaj Finance Profit Zooms 80% To Rs 2,420 Crore In March Quarter

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...


22 April 2022
RBI’s New Guidelines On Credit Cards: What It Means For Cardholders, Know Details Here

RBI’s New Guidelines On Credit Cards: What It Means For Cardholders, Know Details Here

Reserve Bank of India has come with set of master directions for card issuers; here’s what you should know as a credit cardholder


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22 April 2022
RBI Issues Fresh Set Of Guidelines For Credit Card Issuers: Know Details Here

RBI Issues Fresh Set Of Guidelines For Credit Card Issuers: Know Details Here

Reserve Bank of India comes out with set of master directions for card issuers; unsolicited loans, upgradation now liable for penalty


21 April 2022
RBI Puts Lending Caps On NBFCs Exposure To A Single Entity, Norms Effective From October 1

RBI Puts Lending Caps On NBFCs Exposure To A Single Entity, Norms Effective From October 1

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.


18 April 2022
Loan Assets Securitised By NBFCs Jump 43% To Rs 1.25 Lakh Crore Last Fiscal: Report

Loan Assets Securitised By NBFCs Jump 43% To Rs 1.25 Lakh Crore Last Fiscal: Report

The amount of loans securitised by Non-Banking Financial Companies and Housing Finance Companies in FY21 stood at Rs 87,300 crore


11 April 2022
RBI Says 22 NBFCs Have Surrendered Their Registration Certificates

RBI Says 22 NBFCs Have Surrendered Their Registration Certificates

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.


09 April 2022
RBI’s Monetary Policy Committee Meet: Four Customer-Centric Announcements Made

RBI’s Monetary Policy Committee Meet: Four Customer-Centric Announcements Made

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...


27 March 2022
Adani Group, Tata AIG, ICICI Lombard Bid For Anil Ambani's Reliance Capital

Adani Group, Tata AIG, ICICI Lombard Bid For Anil Ambani's Reliance Capital

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.


20 March 2022
SBI Lines-Up 12 NPA Accounts For Sale To ARCs To Recover Dues Of Over Rs 820 Crore 

SBI Lines-Up 12 NPA Accounts For Sale To ARCs To Recover Dues Of Over Rs 820 Crore 

SBI said it has placed these accounts for sale to asset reconstruction companies (ARCs)/banks/Non-Banking Financial Companies (NBFCs)/financial institutions...


14 March 2022
Microfinance Lenders Cannot Charge Usurious Interest Rate From Borrowers, Says RBI

Microfinance Lenders Cannot Charge Usurious Interest Rate From Borrowers, Says RBI

A microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs 3 lakh.


21 February 2022
Gold Loan NBFCs May Adopt Aggressive Growth Strategies Amid Competition From Banks, Says Report

Gold Loan NBFCs May Adopt Aggressive Growth Strategies Amid Competition From Banks, Says Report

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...


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