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
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.
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.
The RBI has hiked rates in five consecutive policy reviews since May 2022 in order to curb inflation
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
Four of the 10 cities in the index showed successive contraction, while the eight others showed expansion.
Earlier this week, the Ministry of Electronics and Information Technology banned 94 loan apps, which included entities not connected to China as well
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
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...
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...
Last month, the central bank tightened norms for 'digital lending' to prevent charging of exorbitant interest rates by certain entities and also check...
Maximum number of personal loans were disbursed by non-banking financial companies. Private banks led the pack in terms of outstanding portfolio. Overall,...
The Enforcement Directorate raids Yellow Tune Technologies premises concerning illegal loan apps and money laundering through crypto.
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...
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...
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...
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"...
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"
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...
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...
