Search For "non banking financial companies"
L&T Financial Services extends 'Digital Sakhi' Project to Kerala
Updated : 3 years, 6 months ago IST
Thiruvananthapuram (Kerala) [India], August 24 (ANI/NewsVoir): L&T Financial Services (LTFS), one of the leading non-banking financial companies, today announced the inauguration of its flagship CSR project - Digital Sakhi - in Kerala.
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RBI's digital lending norms to change operating model of NBFCs
Updated : 3 years, 6 months ago IST
New Delhi [India], August 20 (ANI): The digital lending norms announced by the Reserve Bank of India (RBI) on August 10, 2022, aim to usher in orderly growth and financial stability, check malpractices, strengthen transparency, and protect customer interests. They would, however, raise opera
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RBI cancels Certificate of Registration of four NBFCs
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 12 (ANI): The Reserve Bank of India (RBI) said on Tuesday it has cancelled the Certificate of Registration of four non-banking financial companies (NBFCs).
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RBI drafts plan on outsourcing of IT services by banks, NBFCs
Updated : 3 years, 8 months ago IST
New Delhi [India], June 24 (ANI): In order to ensure effective management of risks in outsourcing of IT activities by banks, non-banking financial companies, and other regulated entities, the Reserve Bank of India issued a draft 'Master Direction on Outsourcing of IT Services'.
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RBI gives 3 more months to banks, NBFCs to comply with certain rules of ca
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 21 (ANI): The Reserve Bank of India (RBI) on Tuesday granted three months extension to banks and non-banking financial companies (NBFCs) to comply with certain provisions related to issuing credit and debit cards, including activation of cards without custo
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Rs 18 lakh crore NBFC debt set to become dearer by 85-105 bps this fiscal
Updated : 3 years, 9 months ago IST
New Delhi [India], June 14 (ANI): Borrowing costs for non-banking financial companies (NBFC) are expected to become costlier by 85-105 basis points in the current financial year due to an increase in policy rates by the Reserve Bank of India (RBI), CRISIL Ratings said in a report released on
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EnKash launches API suite to enable NBFCs launch their own cards
Updated : 3 years, 9 months ago IST
New Delhi [India], May 30 (ANI): Corporate spend management firm EnKash on Monday launched a card API suite that will enable non-banking financial companies (NBFCs), banks, and Fintech firms to launch their own card in a hassle-free manner.
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RBI cancels registration of five NBFCs due to irregular lending practices
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], May 25 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has cancelled the Certificate of Registration (CoR) of five Non-Banking Financial Companies (NBFCs) due to irregular lending practices.
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Supreme Court ruling on NBFCs removes key regulatory overhang: CRISIL
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 16 (ANI): The recent ruling by the Supreme Court that underscores the primacy of the Reserve Bank of India (RBI) as the regulator and supervisor of the non-banking financial companies (NBFCs), has removed a key regulatory overhang, rating agency CRISIL said
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EOW of Delhi Police arrests one for duping NBFCs
Updated : 4 years, 1 month ago IST
New Delhi [India], February 14 (ANI): Economic Offences Wing of Delhi Police arrested an absconder on Friday for duping two Non-Banking Financial Companies (NBFCs).
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Power Finance Corporation, REC Limited cut lending rates by 0.40 per cent
Updated : 4 years, 1 month ago IST
New Delhi [India], January 19 (ANI): The government-run Non-Banking Financial Companies (NBFCs), Power Finance Corporation and REC Limited, have reduced their lending rates across all types of loans by 40 bps or 0.40 per cent, the Ministry of Power said on Wednesday.
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PFC-REC make further reduction in lending rates
Updated : 4 years, 1 month ago IST
New Delhi [India] January 19 (ANI): State-owned non-banking financial companies, Power Finance Corporation (PFC) and REC Limited have further reduced their lending rates across all types of loans by 40 Bps.
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