Search For "non banking financial companies"
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.
Read More
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.
Read More
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.
Read More
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).
Read More
Home Credit India appoints Anirban Majumder as CFO
Updated : 8 years, 1 month ago IST
New Delhi [India], Feb 6 (ANI): One of India's fastest growing non-banking financial companies, Home Credit India Finance Pvt. Ltd., on Tuesday appointed Anirban Majumder as its new Chief Financial Officer (CFO).
Read More
Payworld disburses Rs. 10 crore loans to SMEs in three months
Updated : 8 years, 1 month ago IST
New Delhi [India], Jan 19 (ANI): Among India's largest assisted wallet Payworld on Friday announced disbursing loans of Rs. 10 crores to the Micro and Small enterprises (SME), within three months of partnership with Non-Banking Financial Companies (NBFC) and digital lending platforms like Ca
Read More
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
Read More
RBI cancels certificate of registration of eight NBFCs
Updated : 8 years, 6 months ago IST
New Delhi [India], July 18 (ANI): The Reserve Bank of India (RBI) on Tuesday cancelled the certificate of registration for the following eight non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.
Read More
Congress calls strike, normal life paralysed in Tripura
Updated : 8 years, 6 months ago IST
Agartala (Tripura), [India], May 18 (ANI): Normal life was paralysed in Tripura on Thursday due to the twenty four-hour strike called by the opposition Congress in support of its 12-point charter of demands, including Central Bureau of Investigation's (CBI) demand to return the deposi
Read More
Home Credit India introduces customer-friendly mobile device protection pl
Updated : 8 years, 6 months ago IST
Gurgaon (Haryana) [India], Dec.13 (ANI-Newsvoir): In another brilliant step to benefit its customers, Home Credit India, one of India's fast-growing non-banking financial companies (NBFC), has launched a unique mobile device protection plan in partnership with Amtrust Mobile Solutions.
Read More
Home Credit India, Intex Technologies tie-up for 0 pct interest on consume
Updated : 8 years, 6 months ago IST
New Delhi, Aug 27 (ANI): India's fast-growing Non-Banking Financial Companies (NBFC) Home Credit India Finance Pvt. Ltd. has announced its association with Intex Technologies, one of the largest smartphone and consumer durables companies in India.
Read More
NAREDCO organizes 13th National convention, exhibition in Delhi
Updated : 8 years, 6 months ago IST
New Delhi, Aug 13 (ANI-NewsVoir): At a time when the Indian banks are adopting a cautious approach for funding real estate projects, Private Equity (PE) funds and Non-Banking Financial Companies (NBFCs) seems to have come to the rescue of the Indian real estate market.
Read More