Non-banking And Finance
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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 Bars Non-Bank Finance Company From Offering Gold Loans
The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.
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Public Sector Enterprise Hiring For Various Positions, Check Details
REC limited is a Maharatna Public Sector Enterprise and a well acclaimed Non-Banking Financial Company endowed with Infrastructure Finance Company status.
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ED Freezes WazirX Funds Worth Rs 64-Cr for 'Assisting' in Money Laundering
The Directorate of Enforcement (ED) said it had conducted searches on the premises of one of the directors of crypto exchange WazirX, and has issued an order to freeze their bank balances over Rs 60 crore. The ED has been conducting Money Laundering investigation against a number of Indian non-banking finance companies (NBFCs) and their fintech par...
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BharatBenz Signs MoU With 18 Banks & NBFCs To Offer Attractive Finance Options
Daimler India Commercial Vehicles (DICV), manufacturer of BharatBenz trucks and buses, has announced signing Memoranda of Understanding (MoU) with 18 leading banks and NBFCs (Non-Banking Financial Company) to offer greater financing flexibility and convenience.
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Probe Alleged 31,000 Crore Fund Diversion By DHFL: Yashwant Sinha
Former finance minister Yashwant Sinha on Tuesday demanded a probe into alleged diversion of Rs 31,000 crore of loans by DHFL that the company raised from state-owned banks including SBI and Bank of Baroda, a charge the non-banking financial company termed as mischievous with a mala fide intention.
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Arun Jaitley, RBI Chief Face-To-Face As Rift Is Out In Open: 10 Points
Finance Minister Arun Jaitley and RBI governor Urjit Patel came face-to-face at a meeting of a financial stability body today amid tension after Mr Patel's deputy made a strong call for autonomy for the central bank in a speech on Friday. The government asked RBI or the Reserve Bank of India for an assurance that any liquidity crisis faced by non-b...
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MobiKwik Looking to Expand Financial Services Offerings
MobiKwik is partnering with non-banking finance companies to offer micro-lending to its users, and is also looking at launching a mutual fund portfolio.
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Government may start Telecom Finance body with Rs. 1,000 crore fund
TFC will be registered as non-banking financial corporation and non deposit infrastructure finance company.
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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.
-
RBI Bars Non-Bank Finance Company From Offering Gold Loans
The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.
-
Public Sector Enterprise Hiring For Various Positions, Check Details
REC limited is a Maharatna Public Sector Enterprise and a well acclaimed Non-Banking Financial Company endowed with Infrastructure Finance Company status.
-
ED Freezes WazirX Funds Worth Rs 64-Cr for 'Assisting' in Money Laundering
The Directorate of Enforcement (ED) said it had conducted searches on the premises of one of the directors of crypto exchange WazirX, and has issued an order to freeze their bank balances over Rs 60 crore. The ED has been conducting Money Laundering investigation against a number of Indian non-banking finance companies (NBFCs) and their fintech par...
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BharatBenz Signs MoU With 18 Banks & NBFCs To Offer Attractive Finance Options
Daimler India Commercial Vehicles (DICV), manufacturer of BharatBenz trucks and buses, has announced signing Memoranda of Understanding (MoU) with 18 leading banks and NBFCs (Non-Banking Financial Company) to offer greater financing flexibility and convenience.
-
Probe Alleged 31,000 Crore Fund Diversion By DHFL: Yashwant Sinha
Former finance minister Yashwant Sinha on Tuesday demanded a probe into alleged diversion of Rs 31,000 crore of loans by DHFL that the company raised from state-owned banks including SBI and Bank of Baroda, a charge the non-banking financial company termed as mischievous with a mala fide intention.
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Arun Jaitley, RBI Chief Face-To-Face As Rift Is Out In Open: 10 Points
Finance Minister Arun Jaitley and RBI governor Urjit Patel came face-to-face at a meeting of a financial stability body today amid tension after Mr Patel's deputy made a strong call for autonomy for the central bank in a speech on Friday. The government asked RBI or the Reserve Bank of India for an assurance that any liquidity crisis faced by non-b...
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MobiKwik Looking to Expand Financial Services Offerings
MobiKwik is partnering with non-banking finance companies to offer micro-lending to its users, and is also looking at launching a mutual fund portfolio.
-
Government may start Telecom Finance body with Rs. 1,000 crore fund
TFC will be registered as non-banking financial corporation and non deposit infrastructure finance company.
