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NON-BANKING FINANCIAL COMPANY NEWS
Banks still wary of lending to NBFCs despite restoration of risk weights
May 06, 2025 4:38 am
Risk weight refers to the capital banks must keep aside as provisioning to cover any loan defaults
‘Excessive pricing’: RBI bars 4 NBFCs from giving loans
October 18, 2024 10:42 am
This action is based on material supervisory concerns observed in the pricing policy of these companies in terms of their Weighted Average Lending Rate and the interest spread charged over their cost of funds, which are found to be excessive and not in adherence with the regulations
Banks, NBFCs stop lending to apps under loan default guarantee model
February 21, 2023 7:54 am
Experts feel that the RBI’s reservation on FLDG is justified.
Illegal loan apps: FM orders action; RBI to make ‘white list’
September 10, 2022 1:53 am
The RBI will also monitor money laundering through mule/rented accounts, take proactive action in cancelling dormant non-banking financial company (NBFC) licences and remove unregistered payment aggregators within a timeframe.
FE Best Banks Awards: Excellence unlimited
September 09, 2022 4:14 am
Addressing a gathering of leaders in the financial sector and industry, Sitharaman highlighted the robust corporate tax collections saying this was a clear sign private investments were picking up on the promise of durable consumption demand.
Loans to senior executives, large NBFC exposures: RBI ring-fences norms
April 20, 2022 10:33 am
In a notification, the RBI said that aggregate exposure of an upper layer NBFC to any entity must not be higher than 20 per cent of its capital base, although the board can approve an additional 5 per cent to take it to 25 per cent.
IDFC charts 9-year road map for banking venture
April 05, 2014 1:19 am
Will start with branches both in India and Bharat and will pursue our financial inclusion strategy in parallel with retail banking, said Rajiv Lall.
RBI cancels NBFI registration certificate of Maruti Securities
August 10, 2012 8:32 pm
The apex bank cancelled the registration certificate of the non-banking financial company.
RBI extends deadline for MFI provisioning norms to Apr'13
March 21, 2012 4:14 pm
RBI has deferred the deadline on implementation of asset classification and provisioning norms for NBFC-MFIs to April 1,2013 from April this year.
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