Non-banking Finance Company
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In India's Largest Bank Loan This Year, SBI Seeks $1.25 Billion
Non-banking finance companies, or so-called shadow banks, in particular, have increasingly tapped dollar-denominated facilities amid stricter regulations at 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 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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Probe Agency Raids Manappuram Finance Premises In Kerala On Money Laundering Charges
The Enforcement Directorate today conducted searches at multiple premises linked to non-banking finance company Manappuram Finance in Kerala as part of a money laundering investigation against it, official sources said.
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The Madras Sanskrit College Presented 'Spirit of Mylapore' Award
The Madras Sanskrit College, an over century-old educational institution in the city was selected for the 'Spirit of Mylapore' award instituted by non-banking finance company Sundaram Finance.
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Chennai Cop Among 6 Arrested In Robbery Case, 31.7 Kg Gold Recovered
Chennai police on Friday said it has recovered the 31.7 kg gold looted from a non-banking finance company in the city, in which an insider role was suspected while a police inspector was also arrested in connection with the incident.
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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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4 Arrested For Robbing Rs 56,000 At Gunpoint From Finance Firm In Delhi
Four men were arrested for allegedly robbing Rs 56,000 from a non-banking financial company in east Delhi's Preet Vihar area, police said on Friday.
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Non Banking Finance Companies' Debt To Become Dearer In Current Fiscal: Report
Borrowing costs for NBFCs are expected to become costlier by 85-105 basis points in the current fiscal due to an increase in policy rates by RBI
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Non Bank Finance Companies Had Robust Collection Efficiency In April: Report
The collection efficiency of non-banking finance companies (NBFCs) and housing finance companies was in the healthy range of 97-101 per cent in April
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RBI Releases Provisioning Norms For Big Non Bank Finance Companies
RBI on Monday came out with a set of norms for provisioning for standard assets by large Non-Banking Financial Companies (NBFCs)
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Fintech Firms Seek More Liberal Tax Regime In Budget
The fintech industry has urged finance minister Nirmala Sitharaman to further liberalise the tax regime for financial sector startups in the budget
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Hero Electric Partners With HDB Financial Services For Easy Financing Options
The partnership with the Non-Banking Financial Company (NBFC) is to provide easy financing options for the purchase of Hero Electric scooters.
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RBI Asks Select Non-Banking Finance Companies To Appoint Ombudsman
The directive also covers the appointment as well as fixing of tenure, role and responsibilities and oversight mechanism for the internal ombudsman
-
In India's Largest Bank Loan This Year, SBI Seeks $1.25 Billion
Non-banking finance companies, or so-called shadow banks, in particular, have increasingly tapped dollar-denominated facilities amid stricter regulations at 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 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.
-
Probe Agency Raids Manappuram Finance Premises In Kerala On Money Laundering Charges
The Enforcement Directorate today conducted searches at multiple premises linked to non-banking finance company Manappuram Finance in Kerala as part of a money laundering investigation against it, official sources said.
-
The Madras Sanskrit College Presented 'Spirit of Mylapore' Award
The Madras Sanskrit College, an over century-old educational institution in the city was selected for the 'Spirit of Mylapore' award instituted by non-banking finance company Sundaram Finance.
-
Chennai Cop Among 6 Arrested In Robbery Case, 31.7 Kg Gold Recovered
Chennai police on Friday said it has recovered the 31.7 kg gold looted from a non-banking finance company in the city, in which an insider role was suspected while a police inspector was also arrested in connection with the incident.
-
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...
-
4 Arrested For Robbing Rs 56,000 At Gunpoint From Finance Firm In Delhi
Four men were arrested for allegedly robbing Rs 56,000 from a non-banking financial company in east Delhi's Preet Vihar area, police said on Friday.
-
Non Banking Finance Companies' Debt To Become Dearer In Current Fiscal: Report
Borrowing costs for NBFCs are expected to become costlier by 85-105 basis points in the current fiscal due to an increase in policy rates by RBI
-
Non Bank Finance Companies Had Robust Collection Efficiency In April: Report
The collection efficiency of non-banking finance companies (NBFCs) and housing finance companies was in the healthy range of 97-101 per cent in April
-
RBI Releases Provisioning Norms For Big Non Bank Finance Companies
RBI on Monday came out with a set of norms for provisioning for standard assets by large Non-Banking Financial Companies (NBFCs)
-
Fintech Firms Seek More Liberal Tax Regime In Budget
The fintech industry has urged finance minister Nirmala Sitharaman to further liberalise the tax regime for financial sector startups in the budget
-
Hero Electric Partners With HDB Financial Services For Easy Financing Options
The partnership with the Non-Banking Financial Company (NBFC) is to provide easy financing options for the purchase of Hero Electric scooters.
-
RBI Asks Select Non-Banking Finance Companies To Appoint Ombudsman
The directive also covers the appointment as well as fixing of tenure, role and responsibilities and oversight mechanism for the internal ombudsman
