nbfcs - Latest News, Analysis, Opinion

The securitisation volumes, combining both direct assignments and pass-through certificates, have been witnessing a healthy recovery after the impact of Covid-19 waned, it says

Small Business, Big Impact: NBFCs' Role In India's Economic Growth

HP Singh

As per a report by the RBI, the share of NBFCs in the total credit extended to the economy increased from 16.4 per cent in December 2022 to 29.1 per cent in February 2023

Healthy Pickup In Credit Demand For NBFCs, HFCs In Q4 FY23

The overall securitisation volumes in FY2023 stood at Rs 1,78,000 crore, a healthy 41 per cent expansion over Rs 1,26,000 crore seen in FY2022

92% NBFCs Missed At Least One Critical Compliance In 12 Months: Survey

Banking & Finance NBFC

As per the report, there are more than 200 industry-specific compliance requirements for an NBFC operating at a single location within the country

Transparency Increases Trust, Converts Into More Business: Dr Ravi Modani

Sneha Patro

The Reserve Bank of India (RBI) on August 10 had issued detailed guidelines that elaborated increased scrutiny and supervision over digital lending apps

NBFCs To Bring Digital Loan Under RBI Rules Will Safeguard Consumer Data

Sneha Patro

RBI has asked the banks and NBFCs to implement the digital loans under revised rules in view to protect consumer interest

RBI Asks NBFCs To Bring Existing Digital Loans Under Revised Rules By Nov 30

The central bank had last month tightened digital lending norms to prevent some entities from charging excessive interest on loans and using unfair means to recover outstanding loans

Why NBFCs Should Embrace Digital Payments Solutions?

Sneha Patro

NBFCs also have been at the front of this change or development and have been seeking themselves with advanced stages to associate with prospective clients

Finance Ministry Permits State-Iwned NBFCs To Issue 'Letter of Comfort'

NBFCs should be involved in infrastructure sector and LOCs should be provided by banks only for opening letter of credit

NBFCs Cannot Be Regulated By State Enactments: SC

A bench of Justices Hemant Gupta and V Ramasubramanian said NBFCs play a very vital role in contributing to the financial health of the country whose operations are controlled by RBI

BoB Launches End-To-End Digital Co-Lending Platform To Facilitate NBFC Partnerships

The digital co-lending platform has state-of-the-art capabilities to handle both the option, Non-Discretionary and Discretionary models

RBI Changes Rules For NBFC Loan Approval

It was said by RBI that NBFCs should not give loans of 5 crores or more to their chairman, MD or their relatives and directors. Apart from this, approval will be given for any builder project only when all necessary approvals are received from the government

Housing Finance Company, 8 NBFCs Surrender Certificates Of Registration To RBI

Companies & Markets

Indie Homefin cannot transact the business of a housing finance institution nor of a non-banking financial institution.

PNB To Sell National Steel & Agro Industries To Recover Dues Of Rs 200 Cr