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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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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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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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Probe Agency Files Chargesheet Against Razorpay In Money Laundering Case
The Enforcement Directorate said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals, and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps.
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ED Files Charge Sheet Against Razorpay, Fintech Firms in Money Laundering Probe Linked to Chinese Loan Apps
The Enforcement Directorate Friday said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps which allegedly cheated numerous people.
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RBI’s Digital Lending Norms Will Help Sector Scale Up, Become More Responsible, Industry Says
The RBI’s digital lending norms, introduced on Wednesday, have been welcomed by the industry. The new regulations will help the sector scale up and become more responsible. According to the new guidelines, all loan disbursals and repayments are required to be executed only between the bank accounts of the borrower and regulated entities like bank...
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Used Car Loan: 7 Things You Need To Know
There are a lot of things to consider when you are planning to buy a pre-owned car and finance option is one of the biggest aspects. So, here are seven things you need to know about getting a used car loan in India.
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ED Seizes Rs 107 Crore Of Chinese Loan App For Violating Foreign Exchange Law
The Enforcement Directorate on Thursday seized funds worth about Rs 107 crore of a Chinese-controlled NBFC, engaged in dishing out instant personal loans over an internet-based app, for alleged violation of the foreign exchange law.
-
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.
-
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.
-
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.
-
Probe Agency Files Chargesheet Against Razorpay In Money Laundering Case
The Enforcement Directorate said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals, and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps.
-
ED Files Charge Sheet Against Razorpay, Fintech Firms in Money Laundering Probe Linked to Chinese Loan Apps
The Enforcement Directorate Friday said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps which allegedly cheated numerous people.
-
RBI’s Digital Lending Norms Will Help Sector Scale Up, Become More Responsible, Industry Says
The RBI’s digital lending norms, introduced on Wednesday, have been welcomed by the industry. The new regulations will help the sector scale up and become more responsible. According to the new guidelines, all loan disbursals and repayments are required to be executed only between the bank accounts of the borrower and regulated entities like bank...
-
Used Car Loan: 7 Things You Need To Know
There are a lot of things to consider when you are planning to buy a pre-owned car and finance option is one of the biggest aspects. So, here are seven things you need to know about getting a used car loan in India.
-
ED Seizes Rs 107 Crore Of Chinese Loan App For Violating Foreign Exchange Law
The Enforcement Directorate on Thursday seized funds worth about Rs 107 crore of a Chinese-controlled NBFC, engaged in dishing out instant personal loans over an internet-based app, for alleged violation of the foreign exchange law.
