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RBI may act against more NBFCs to check obscure lending practices: Morgan
Updated : 1 year, 5 months ago IST
Reserve Bank of India's (RBI) Thursday action against four NBFCs and asking them to cease and desist from making new loan sanctions and disbursements, a report by Morgan Stanley suggests more lending companies might face similar scrutiny.
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Mothercare plc, Reliance Brands Holding UK Limited announce strategic join
Updated : 1 year, 5 months ago IST
According to the press release Mothercare, under the agreement, RBL UK will hold a 51 per cent stake in the joint venture, while Mothercare Global Brand Limited will retain the residual 49 per cent interest. RBLUK will acquire the stake for a cash consideration of Pound 16 million.
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RBI takes action against 4 NBFCs over excessive interest rates, non-compli
Updated : 1 year, 5 months ago IST
According to RBI, Asirvad Micro Finance Limited (Chennai), Arohan Financial Services Limited (Kolkata), DMI Finance Private Limited (New Delhi), and Navi Finserv Limited (Bengaluru) were directed to cease and desist from sanction and disbursal of loans, effective from close of business of Oc
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IFSCA spotlights India investment opportunities in Investor Awareness Seri
Updated : 1 year, 5 months ago IST
Gandhinagar (Gujarat) [India], October 17: IFSCA is unveiling a series of videos to spotlight India's vibrant investment opportunities at the IOSCO World Investor Week 2024. The World Investor Week (WIW) is a global campaign backed by IOSCO that promotes investor education and wealth protect
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Even with potential cut in repo rate, bank deposit rates unlikely to be lo
Updated : 1 year, 5 months ago IST
A research report highlighted that even if the Reserve Bank of India (RBI) announces a rate cut, deposit costs in the banking system are expected to remain high due to the prevailing high credit-to-deposit ratio.
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Rising inflation may push RBI to continue with neutral stance for a longer
Updated : 1 year, 5 months ago IST
The soaring figures of retail inflation in September could force the Reserve Bank of India (RBI) to continue with neutral stance for a longer duration, stated SBI research, adding that "first rate cut could be based on growth, and need not be inflation."
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Usha Financial Services Limited - A Prominent RBI Licensed NBFC - Set to L
Updated : 1 year, 5 months ago IST
New Delhi [India], October 14: Usha Financial Services Limited, one of the leading RBI licensed Non-Banking Financial Companies (NBFCs) in India, is proud to announce the upcoming opening of its Initial Public Offering (IPO) soon. The company received official approval on October , 2024, fro
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Rapid expansion of private credit market with limited regulation posing th
Updated : 1 year, 5 months ago IST
The private credit market's rapid expansion with limited regulation is posing a threat to the overall financial stability of the system, highlighted RBI Governor Shaktikanta Das on Monday.
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Heavy reliance on AI could lead to concentration risks in the financial se
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned that heavy reliance on artificial intelligence (AI) could lead to concentration risks in the financial sector.
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RBI directs payment service providers to enhance accessibility for persons
Updated : 1 year, 5 months ago IST
With digital payment systems becoming increasingly popular among all segments of the population, including differently-abled individuals, the RBI's latest guidelines urge payment system participants (PSPs)--comprising banks and authorized non-bank payment providers--to review and modify thei
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India's foreign exchange reserves see USD 3.7 billion dip after scaling al
Updated : 1 year, 5 months ago IST
India's foreign exchange reserves dipped USD 3.7 billion to USD 701.18 billion as of October 4 after scaling all-time high, according to data released by Reserve Bank of India on Friday
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"Great son of India, phenomenal person": RBI Governor pays last respect to
Updated : 1 year, 5 months ago IST
Ratan Tata, Chairman Emeritus, Tata Sons, passed away at Breach Candy Hospital in Mumbai aged 86 on Wednesday. Maharashtra Chief Minister Eknath Shinde said on Wednesday night that the last rites will be performed with full state honours.
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