Search For "nbfcs"
Mobikwik appoints Vinayak N to head its lending business
Updated : 7 years, 9 months ago IST
New Delhi [India], June 12 (ANI): Digital financial services platform MobiKwik on Tuesday announced the appointment of Vinayak N as the Head of the Lending Business.
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Lendingkart Finance disburses 25,000 loans to MSMEs across 1000 Indian cit
Updated : 7 years, 9 months ago IST
Ahmedabad (Gujarat) [India], May 24 (ANI): Lendingkart Finance Limited, one of the leading Non-Banking Financial Companies (NBFCs) in the MSME financing space and part of Lendingkart Group, has expanded its reach to 1000 cities in India.
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PayMe India raises USD 2 mn from Singaporean Angel Investors
Updated : 7 years, 10 months ago IST
New Delhi [India], April 26 (ANI): Leading fintech company, PayMe India, on Thursday went official about raising USD 2 million from Singapore-based Angel Investors. The investment round included the line of credit from multiple non-banking financial companies (NBFCs) and fresh cash in the eq
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Four NBFCs empowering MSME sector
Updated : 7 years, 10 months ago IST
New Delhi [India], Apr. 21 (ANI): With an increase in the detection of banking frauds in the recent past, small-scale business entities in the micro, small, and medium-sized enterprise (MSME) sector are now turning to Non-Banking Financial Companies (NBFCs) for their financial needs.
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In its drive to accelerate financial inclusion digitally, Paisabazaar reac
Updated : 7 years, 11 months ago IST
Gurgaon (Haryana) [India], Apr 06 (NewsVoir): Paisabazaar.com, India's largest loans and cards marketplace, announced today that it received more than 15 lakh product applications from 926 cities and towns across India last month.
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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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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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Tech-based approach can help NBFCs meet credit demand: Study
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 7 (ANI): Amid increasing pressure on the banking system due to bad loans and NPAs, an ASSOCHAM-PwC joint study noted that in order to meet credit demand, non-banking financial companies (NBFCs) in India could explore investments in newer technology, particularly in the
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Peer to peer lending now needs NBFC registration
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct 13 (ANI-NewsVoir): Finally, after more than one year of uncertainty about peer-to-peer lending startups regulations. The Reserve Bank of India (RBI), in a gazette notification, stated that after confirming its necessity, peer-to-peer lending startups have been identifi
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NBFC delinquencies to swell from current levels; profitability likely to r
Updated : 8 years, 5 months ago IST
New Delhi [India], Sep 27 (ANI): Non-banking finance Companies (NBFCs - excluding NBFC-MFIs) are likely to witness an increase in the 90+day delinquencies, by about 20-50 bps, from the levels of about 4.9 percent as on June 30, 2017.
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