Search For "nbfc"
Non-Compliant NBFCs to verify information under PML Rules to FIU-IND
Updated : 7 years, 11 months ago IST
New Delhi [India], Mar 22 (ANI): Prevention of Money Laundering Act, 2002 (PMLA) and the Rules impose obligation on reporting entities (RE's) including Non-Banking Financial Companies (NBFC's) to verify identity of clients, maintain records and furnish information to FIU-IND.
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Muthoot Finance ties up with global IME bank for money transfer service to
Updated : 7 years, 12 months ago IST
Kochi (Kerala) [India], Mar 15 (ANI): Muthoot Finance Ltd., the flagship company of Muthoot Group on Thursday tied up with Global IME Bank to expand its money remittance services between Indo Nepal Corridor.
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Pine Labs raises $82mn towards network expansion in India
Updated : 8 years ago IST
New Delhi [India], Mar. 13 (ANI): Pine Labs, a digital retail payments platform, announced a funding of USD 82 million to be utilised for accelerating the company's network penetration in India and expand to countries abroad.
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Creditas welcomes Yes Bank's group president as advisor
Updated : 8 years ago IST
New Delhi [India], Mar. 6 (ANI): Leading provider of digital customer engagement solutions to financial institutions, Creditas Solutions on Tuesday roped in Neeraj Dhawan for the role of advisor.
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Govt. committee to redress FinTech grievances
Updated : 8 years ago IST
New Delhi [India], Mar. 5 (ANI): The Centre on Monday announced the formation of a steering committee to examine issues faced by the FinTech industry in India.
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FinMin puts out list of high-risk finance companies
Updated : 8 years ago IST
New Delhi [India], Feb 26 (ANI): Financial Intelligence Unit (FIU) on Monday released a list of around 9,500 Non-Banking Financial Companies (NBFCs), which have been categorised as high-risk financial institutions by the Finance Ministry.
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RBI introduces Ombudsman Scheme for NBFCs
Updated : 8 years ago IST
New Delhi [India], Feb 23 (ANI): As announced in its Monetary Policy Statement on February 7, India's central bank, Reserve Bank of India (RBI), on Friday launched the Ombudsman Scheme for Non-Banking Financial Companies (NBFCs).
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Auxilo Finserve firms up Rs. 150 crore. to finance higher studies and scho
Updated : 8 years ago IST
New Delhi [India], Feb. 23 (ANI-NewsVoir): After having expanded its presence in Hyderabad and Chennai, Auxilo Finserve Pvt. Ltd., one of India's next-level education ecosystem financing NBFCs, has deliberated plans to serve the education needs of northern region, especially Delhi circle.
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FPSB India, IIM Lucknow unveil 'Navigator of Responsible Lending-India'
Updated : 8 years ago IST
Mumbai (Maharashtra) [India], Feb 22 (NewsVoir): Financial Planning Standards Board India (FPSB) and the Indian Institute of Management, Lucknow, have released the "Navigator of Responsible Lending - India" - a first of its kind report on the state of Indian consumer lending sector with resp
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Finway Capital empowers borrowers with easy access to funds
Updated : 8 years ago IST
New Delhi [India], Feb 20 (ANI): Finway Capital, India's first Non-Banking Financial Company (NBFC) that assures 24 hours of Turn Around Time (TAT) on Tuesday introduced predictive intelligence technology to assess the payback capacity of loan seekers and borrowers whose applications are oft
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Lendingkart secures Rs. 565 cr to expand credit offering
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 12 (ANI): Lendingkart Technologies Private Limited (a Lendingkart Group Company), announced that it is raising over Rs. 565 crore equity funding in its Series C capital-raising to further strengthen its technological and analytics capabilities, expand its credit produc
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Eduvanz secures RBI approval to disburse loans for skill development
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 12 (ANI): Eduvanz Financing - a skill development loan provider, announced that it has been granted the non-banking financial company (NBFC) licence by the Reserve Bank of India (RBI) to start providing loans in the multi-billion skill development sector.
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