NBFC

India's central bank is unlikely to give "shadow banks" exemptions from stricter bad-loan rules coming into force, sources told Reuters, essentially ending an advantage the non-bank financial firms have had over standard banks.…

The amendments to foreign exchange rules notified by the Centre on Monday have cleared the decks for Indian entrepreneurs and wealthy investors looking to put money in foreign fintech companies. Several technology entrepreneurs and…

NEW DELHI: India’s largest cryptocurrency platform has been in the news all of this week after the Enforcement Directorete revealed that it conducted searches on one of the directors of ZanmaiLabs, which owns WazirX, and issued an order…

Two consecutive repo rate hikes by the RBIhas turned out to be a bonanza for housing finance companies (HFCs) and non-banking finance companies (NBFCs) with a spike in the volume of fixed deposits (FDs). Several HFCs and NBFCs increased…

The shares supplied by a promoter in an official capacity as security for a loan make the lender a secured creditor ruled the bankruptcy court in a petition filed by two-wheeler maker against the liquidator of Mumbai-based Kalisma…

National Investment and Infrastructure Fund (NIIF), India's first infrastructure-focused fund, plans to bring more investors on to its non-bank financing platform. The NBFC platform, which commenced operations in 2016, has loans of…

Gold loan non banking finance company (NBFC) recently received approval from the Reserve Bank of India (RBI) to open up 150 new branches across the nation. The RBI’s nod will give a fillip to growth momentum and it will help the company…

Integrated grain commerce platform Arya.ag on Tuesday announced crossing the distinct milestone of reaching the Rs 500 crore book outstanding on its embedded fintech platform, Aryadhan. A media release issued by the company said that…

Modifying its earlier order, the finance ministry has permitted state-owned NBFCs to issue 'Letter of Comfort (LOC)' to banks for fund tie-up for infra projects. Earlier in March, the finance ministry had asked other ministries and…

Non-banking financial companies need to diversify risks across sectors and geographies, as well as maintain capital adequacy norms and introduce core banking solutions going ahead, former chairman Rajnish Kumar said. Kumar also said the…