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Jio Financials gets RBI nod to become Core Investment Company
Jio Financial Services has received the nod from the Reserve Bank of India (RBI) to convert into a …
ANI
Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…
Reserve Bank may act against more NBFCs to keep obscure lending practices in check, says Morgan Stanley
Earlier this month, the apex bank had already issued a stern warning to the NBFC sector, discouragi…
Sensex soars to 84,928, Nifty settles at 25,939 as stock market closes at all-time high
The stock market closed in the green, with benchmark indices hitting new all-time highs at the end …
ANI
RBI to come up with unified regulatory framework on connected lending
The Reserve Bank of India (RBI) said on Friday that it will come up with a unified regulatory frame…
Bajaj Housing Finance IPO booked over 4x on the second day. Should you jump aboard this ship?
While the allotment is expected to be finalised by September 12, the listing on NSE and BSE will te…
RBI penalties on banks, NBFCs add up to Rs 40.39 crore for 2022-23
The Reserve Bank of India (RBI) has imposed penalties to the tune of Rs 40.39 crore on banks, non-b…
Customer protection 'guiding light' of revamped microfinance regulations, says RBI deputy governor
Reserve Bank of India’s (RBI) deputy governor M Rajeshwar Rao on Friday outlined several measures i…
RBI directs credit information companies to appoint internal ombudsman
The RBI, in its Statement of Developmental and Regulatory Policies, on August 5, 2022 had called…
RBI tightens norms for Chinese lending apps
Chinese digital loan apps were utilising the loophole in the regulatory guidelines to dupe Indian c…
JM Financial shares tank over 19%, mcap declines by ₹1,484 crore
Shares of JM Financial on Wednesday tanked over 19 per cent after the Reserve Bank imposed restrict…
PTI
RBI curbs: JM Financial says 'no material deficiencies in loan sanctioning process'
JM Financial on Wednesday said it had a "careful and detailed review" of the Reserve Bank's order i…
PTI
Shaktikanta Das wants lending apps to 'follow the rules of the game'
Warning against mushrooming of lending apps and their usurious recovery prices, the Reserve Bank sa…
PTI
RBI slaps fines on Axis Bank, Manappuram Finance
The Reserve Bank on Thursday imposed a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 …
PTI
BharatPe acquires 51% stake in Mumbai-based NBFC Trillion Loans
BharatPe Group has acquired a controlling stake in Mumbai-based NBFC Trillion Loans, a provider of …
RBI curbs on Bajaj Finance not a structural issue, multiples derating likely if issue persists
The Reserve Bank of India earlier this month has directed Bajaj Finance “to stop sanction and disbu…
Indian financial system steadily maturing, as it moves away from banks, says RBI Governor Shaktikanta Das
India’s financial system, he said, has transformed rapidly to support the growing needs of the e…
RBI plans to tighten scrutiny of large NBFCs by upgrading its regulatory policies
"This regulatory regime based on the principle of proportionality warrants a review. It is felt…
PTI
RBI's draft NBFC dividend policy unlikely to impact most players, claims ICRA
The RBI sought comments on the draft circular from NBFCs, industry participants and other inte…
India’s banks still shy away from lending to small businesses -- Business Insider’s MSME Exchange panelists debate the reasons
With this, he highlighted some of the structural challenges within the Indian system to supp…