RBI Tells Banks To Stop Charging Extra Interest On Loans As Probe Shows Unfair Practices
Some banks were charging interest for the entire month, rather than charging interest only for the period for which the loan was outstanding.
Apr 29, 2024, 20:25 PM IST
RBI Issues Draft Rules For Web Aggregators Of Loan Products
The RBI specifies that the digital view should include essential details such as the name of the bank or NBFC extending the loan.
Apr 27, 2024, 09:14 AM IST
RBI Initiates Special Audits For IIFL Finance, JM Financial Over Regulatory Breaches
The RBI imposed restrictions on IIFL Finance and JM Financial Products due to their failure to comply with regulatory guidelines in March.
Mar 24, 2024, 18:09 PM IST
BharatPe Turns EBITDA Positive; Clocks October 2023 As The First Profitable Month
In October, it facilitated loans exceeding Rs 640 crore for its merchants in partnership with its NBFC partners, a spike of 36 per cent year-on-year.
Nov 28, 2023, 13:51 PM IST
NBFC Shriram Finance hikes interest rates on fixed deposits from Jan 1; Check latest interest rates
Customers can also get add 0.25% additional interest with normal interest if you renew your FDs. They are applicable to all FDs of different tenors. Senior citizens and women will also get this benefit including their additional interest rates.
Dec 31, 2022, 14:58 PM IST
FiveStar Business Finance IPO subscribed over 70%: Here's what we know so far
The company has raised Rs 588 crore from anchor investors. The IPO is entirely an Offer For Sale (OFS) of shares to the tune of Rs 1,960 crore by existing shareholders and promoter group entities.
Nov 12, 2022, 16:06 PM IST
SBI lines up NPAs over Rs 746 crore for sale in Oct-Nov
The auction of NPAs will include accounts of Sintex BAPL with an outstanding of Rs 197.74 crore; Surat Hazira NH6 Tollway Pvt Ltd of exposure of Rs 335.54 crore and Shreebhav Polyweaves Pvt Ltd (Rs 20.20 crore).
Oct 09, 2022, 13:06 PM IST
Reserve Bank of India comes out with provisioning norms for large NBFCs
Further, RBI said the rate of provision for restructure loans will as per the stipulation in the applicable prudential norms.
Jun 06, 2022, 18:59 PM IST
RBI asks NBFCs to implement core financial services solution by Sep 2025
RBI said it has been decided that NBFCs - Middle Layer and NBFCs - Upper Layer with 10 and more 'fixed point service delivery units' as on October 1, 2022 shall be mandatorily required to implement CFSS.
Feb 23, 2022, 21:15 PM IST
RBI's recent norms may spike NPAs for NBFCs, cautions ICRA
ICRA said that the RBI's recent notification on income recognition, asset classification, and provisioning norms for banks, non-banking financial institutions, and all-India financial institutions may lead to a sharp spike in the non-performing assets (NPAs) for non-banking finance companies.
Nov 28, 2021, 22:51 PM IST
PM Narendra Modi asks banks, NBFCs to fund bankable proposals; assures support
Prime Minister Narendra Modi on Wednesday (July 29, 2020) joined a meeting with heads of banks and NBFCs, urging the banks to introspect to ensure “bankable proposals” do not suffer from lack of credit.
Jul 30, 2020, 07:58 AM IST
COVID-19: NBFCs ask RBI for one-time restructuring of all loans till Mar 2021
Last month, RBI had asked banks and NBFCs to maintain provisions of up to 10 per cent on all accounts that are at least 1 day past due and where a moratorium has been granted. The provision will be spread over two quarters - March, 2020 and June, 2020.
May 05, 2020, 12:50 PM IST
Sebi eases buyback norms for firms with NBFC, HFC subsidiaries
The Sebi board, at its meeting, approved these proposals in respect of the repurchase of shares by listed companies governed by the market regulator's Buyback Regulations as well as by the Companies Act.
Aug 22, 2019, 10:14 AM IST
FM Nirmala Sitharaman to meet bank heads over key sector credit growth
The Financial Stability Report (FSR) of RBI in June stated credit growth of scheduled commercial banks (SCBs) picked up, with public sector banks (PSBs) registering near double digit growth.
Aug 05, 2019, 10:20 AM IST
RBI extends relaxed norms for NBFC loan securitisation till December 31
Non-banking financial companies (NBFCs) have been permitted to securitise loans of over five-year maturity after holding them for six months on their books.
May 30, 2019, 10:44 AM IST
Cell headed by cop to monitor NBFCs: MP govt tells Assembly
The Madhya Pradesh government today told the state Legislative Assembly that a cell headed by a senior police officer is being constituted to monitor the activities of the non-banking financial companies (NBFCs) in the state.
Nov 29, 2017, 12:33 PM IST
Investment in realty sector at $5 billion so far this year: KPMG
Institutional investors have put in USD 5 billion so far this year into the real estate sector, largely in commercial assets, according to KPMG.
Sep 21, 2017, 19:48 PM IST
Sebi allows REITs, InvITs to raise funds via bonds
Sebi's board has approved amendment to REITs and InvITs regulations in order to facilitate growth of such trusts, the regulator said in a statement after its board meeting.
Sep 18, 2017, 18:14 PM IST
SAT rejects Sahara plea against Sebi order on mutual fund biz
The Tribunal said the law empowers Sebi to take actions in the interest of protecting investors and hence lifting the corporate veil to the extent to identify who controls a regulated entity cannot be faulted.
Jul 28, 2017, 17:48 PM IST
Adani Capital invests Rs 50 crore in PRA Realty's project in Pune
Adani Capital, the NBFC arm of the Adani Group, will invest Rs 50 crore in PRA Realty's project in Pune.
Jun 21, 2017, 18:02 PM IST
