NBFCs News

RBI fears special window for NBFCs may open door to misuse

Once such a special window is opened, the RBI will have to provide liquidity to all companies approaching the central bank for funds.

Govt categorises 9,491 non-banking financial companies as 'high risk' for PMLA non-compliance

Under the Prevention of Money Laundering Act (PMLA), the NBFCs, which includes cooperative banks, are required to furnish details about their financial operations and transactions to the FIU in a prescribed format.


RBI launches Ombudsman scheme for NBFCs

The scheme will provide a cost-free and expeditious complaint redressal mechanism relating to deficiency in the services by NBFCs, the RBI said

RBI allows NBFCs to recast infra project loans

The move comes after the central bank last month permitted banks to recast infra project loans

RBI allows foreign investors to invest in partly paid shares

Foreign investors, till now, were only allowed to invest in equity shares and compulsorily and mandatorily convertible preference shares.

RBI proves interest rates are a sideshow

The value of rupee,inflation and even access to credit perform far less effectively as predictors of industrial growth for periods of upto a year.


NBFCs deposits: RBI advises retail depositors to play safe

Lists detailed advisory telling depositors on checks for putting money in NBFCs

RBI warns about ‘high return’ investments

Maximum interest rate that an NBFC can pay to a depositor should not exceed 12.5%,says RBI.

RBI warns about ‘high return’ investments

The Reserve Bank of India has warned retail investors against investing in instruments and schemes of companies — including deposits

RBI rationalises categories of pre-paid payment cards

The Reserve Bank rationalised the categories and value limit of pre-paid payment cards to three broad categories from five earlier.