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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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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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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Finance Ministry Releases List Of Around 9,500 'High Risk' Companies
A list of 9,491 "high risk financial institutions" has been published by the Financial Intelligence Unit (FIU) that works under the Union Finance Ministry to check crimes in the Indian economy
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FD Rates Of Interest By SBI, PNB, ICICI Bank, Kotak Mahindra Bank
A fixed deposit, which is provided by banks or non-banking finance companies, offers a rate of interest that is higher than that of a regular savings bank account.
-
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.
-
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.
-
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.
-
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.
-
Finance Ministry Releases List Of Around 9,500 'High Risk' Companies
A list of 9,491 "high risk financial institutions" has been published by the Financial Intelligence Unit (FIU) that works under the Union Finance Ministry to check crimes in the Indian economy
-
FD Rates Of Interest By SBI, PNB, ICICI Bank, Kotak Mahindra Bank
A fixed deposit, which is provided by banks or non-banking finance companies, offers a rate of interest that is higher than that of a regular savings bank account.
-
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.
