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RBI Raises IPO Loan Limit To Rs 25 Lakh, Eases Lending Rules For Banks
The Reserve Bank of India (RBI) on Wednesday announced a major set of changes to make bank credit more accessible for companies and individuals.
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Delhi Residents Can Now Resolve Gas, Loan, Banking Disputes Without Court
Residents grappling with issues like loan defaults, gas supply disruptions or service lapses by banks and NBFCs may no longer need to take the long road to court. Delhi Lieutenant Governor has cleared a proposal to treat these three services.
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DoT to Share Financial Fraud Risk Indicator Data With Banks, UPI Service Providers and Financial Institutions
The Department of Telecommunications (DoT) will share Financial Fraud Risk Indicator (FRI) data with financial institutions, including banks and UPI providers. This FRI metric, developed by the Digital Intelligence Platform, classifies mobile numbers into three risk levels linked to financial fraud. PhonePe is an early adopter, using FRI data to al...
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Indian Billionaire Yusuff Ali Saves Kerala Woman's Home, Pays Off Her Entire Loan
The woman, Sandhya, and her two children had nowhere to go after officials from a non-banking financial company (NBFC) took possession of their home.
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Indian Financial Systems Remain Largely Unaffected From Microsoft Outage
The Indian financial and payments systems remained largely unaffected by the Microsoft services outage, though about 10 banks and NBFCs faced minor disruptions which have either been resolved or are being fixed.
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Microsoft Power Outage Caused "Minor Disruptions" In 10 Banks: RBI
The RBI on Friday said the outage in Microsoft Services impacted 10 banks and NBFCs with minor disruptions which have either been resolved or are being resolved.
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RBI Asks Non-Banks To Stick To Rs 20,000 Loan Cash Payout Limit: Report
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions.
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RBI Issues Draft Rules On Digital Lending To Give Borrowers A Better Deal
RBI on Friday released draft guidelines on digital lending to ensure transparency in aggregation of loan products from multiple lenders by lending service providers so that borrowers get prior knowledge about all credit offers that are available.
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Non-Bank Lenders Must Watch Underwriting, Concentration Risks: RBI Top Official
India's non-banking financial companies (NBFCs) should be mindful of their underwriting practices and risks emerging from lending concentrated in one segment, Reserve Bank of India (RBI) top official said on Friday.
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SBI Said to Use AI/ML Extensively in Operations: All Details
SBI on Monday said it has proposed to enhance the use of business analytics and AI/ML in decision-making and operations by deploying NextGen Data Warehouse and Data Lake and exploring new partnerships with fintechs and NBFCs for co-lending.
-
RBI Raises IPO Loan Limit To Rs 25 Lakh, Eases Lending Rules For Banks
The Reserve Bank of India (RBI) on Wednesday announced a major set of changes to make bank credit more accessible for companies and individuals.
-
Delhi Residents Can Now Resolve Gas, Loan, Banking Disputes Without Court
Residents grappling with issues like loan defaults, gas supply disruptions or service lapses by banks and NBFCs may no longer need to take the long road to court. Delhi Lieutenant Governor has cleared a proposal to treat these three services.
-
DoT to Share Financial Fraud Risk Indicator Data With Banks, UPI Service Providers and Financial Institutions
The Department of Telecommunications (DoT) will share Financial Fraud Risk Indicator (FRI) data with financial institutions, including banks and UPI providers. This FRI metric, developed by the Digital Intelligence Platform, classifies mobile numbers into three risk levels linked to financial fraud. PhonePe is an early adopter, using FRI data to al...
-
Indian Billionaire Yusuff Ali Saves Kerala Woman's Home, Pays Off Her Entire Loan
The woman, Sandhya, and her two children had nowhere to go after officials from a non-banking financial company (NBFC) took possession of their home.
-
Indian Financial Systems Remain Largely Unaffected From Microsoft Outage
The Indian financial and payments systems remained largely unaffected by the Microsoft services outage, though about 10 banks and NBFCs faced minor disruptions which have either been resolved or are being fixed.
-
Microsoft Power Outage Caused "Minor Disruptions" In 10 Banks: RBI
The RBI on Friday said the outage in Microsoft Services impacted 10 banks and NBFCs with minor disruptions which have either been resolved or are being resolved.
-
RBI Asks Non-Banks To Stick To Rs 20,000 Loan Cash Payout Limit: Report
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions.
-
RBI Issues Draft Rules On Digital Lending To Give Borrowers A Better Deal
RBI on Friday released draft guidelines on digital lending to ensure transparency in aggregation of loan products from multiple lenders by lending service providers so that borrowers get prior knowledge about all credit offers that are available.
-
Non-Bank Lenders Must Watch Underwriting, Concentration Risks: RBI Top Official
India's non-banking financial companies (NBFCs) should be mindful of their underwriting practices and risks emerging from lending concentrated in one segment, Reserve Bank of India (RBI) top official said on Friday.
-
SBI Said to Use AI/ML Extensively in Operations: All Details
SBI on Monday said it has proposed to enhance the use of business analytics and AI/ML in decision-making and operations by deploying NextGen Data Warehouse and Data Lake and exploring new partnerships with fintechs and NBFCs for co-lending.
