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
NBFCs to see stability in FY23; capital, margins, provisioning strengths: Report
The agency, which maintained a 'neutral' sector outlook and 'stable' rating outlook for the NBFCs, said its expectations will hold true in the absence of any negative event.
Feb 25, 2022, 18:45 PM IST
Finance Minister Arun Jaitley calls for stakeholder consultation by regulators: Report
While the markets regulator, the competition watchdog and the insurance regulator all have a tribunal for appeals, some, including the central bank, do not have one.
Dec 10, 2018, 12:50 PM IST
Securitisation market volume clips past $1.02 trillion in FY17
Non-banking finance companies focusing on vehicle finance, and small finance bank applicants benefited from the high demand for priority sector lending assets.
Aug 07, 2017, 18:04 PM IST
NBFC cash loan against gold restricted to Rs 25,000
Non-Banking Finance Companies (NBFCs) cannot lend more than Rs 25,000 in cash against gold, the Reserve Bank said Thursday.
Mar 09, 2017, 19:46 PM IST
Cabinet liberalises FDI norms for NBFC sector
Expanding the list of NBFCs which can attract FDI, the Cabinet Wednesday permitted foreign investment through automatic route in "other financial services", if they are under regulators like RBI and SEBI.
Aug 10, 2016, 20:51 PM IST
E-tailing biggies rope in NBFCs to woo sellers with easy loans
SMECorner has tied up with Snapdeal, Flipkart, eBay, Paytm, among other e-commerce players to play a catalyst role to secure easier loans for sellers, he said.
Jul 12, 2015, 16:56 PM IST
PFS net profit plunges 66% in Q4
The stock was trading at Rs 48, down 17.95%, on BSE at 1500 hrs.
May 26, 2015, 15:50 PM IST
Expanded Sarfaesi Act credit positive for some NBFCs: Moody's
The Budget proposal to include non- banking finance companies (NBFCs) under the Sarfaesi Act is credit positive for lenders of loans against property, a leading rating agency said Monday.
Mar 09, 2015, 19:22 PM IST
Non deposit taking NBFCs exempted from data furnishing to CICs
The Reserve Bank has exempted NBFCs registered as core investment companies and those not having any customer interface from providing data on borrowers to credit information companies (CICs).
Jan 28, 2015, 22:14 PM IST
NBFCs' bad loans level may go up to 6.1% in over 3 years: Care
NBFCs have witnessed a stress in asset quality during the last two-three years due to weak operating environment and economic downturn.
Dec 07, 2014, 12:46 PM IST
RBI reviewing regulatory framework for unregulated NBFCs
The Reserve Bank Monday said it is in the process of reviewing the regulatory framework for unregulated non-banking finance companies with a view to check financial frauds.
Jun 16, 2014, 21:48 PM IST
