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Non Banking Finance Companies

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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 the country with a combined asset under management (AUM) of over Rs...

17 July 2022

RBI has extended duration to apply prudential norms to September 2022.

How RBI's NPA Recognition Norm Extension Will Help Non-Banking Finance Companies

RBI said that loan accounts classified as NPAs may be upgraded as ‘standard’ asset only if entire arrears of interest and principal are paid by the borrower.


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" as they inked agreements with a clutch of domestic non-banking...

07 July 2022

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

07 June 2022

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