NBFC

Reserve Bank is considering various options to ensure that customers are not put at risk on account of activities of non-bank fintech playersNEW DELHI: The Reserve Bankis considering various options to ensure that customers are not put…

The GST department may soon issue a host of clarifications on certain vexed issues in tax rates, including exemptions to assisted reproductive technology (ART) or in vitro fertilization (IVF) as well as applicability of GST on payment of…

By Shashank Didmishe RBI has disallowed non-bank pre-paid instruments (PPI) to be loaded through credit lines. The rule appears to be aimed at reining in lending activity by fintechs via NBFCs and probably stems from concerns systemic…

By Shashank Didmishe Fintech players are expecting some disruptions to be caused by the norms proposed by the Reserve Bank of India (RBI) on buy now pay later (BNPL) ecosystem. However, by providing transparency to the largely…

The microfinance industry's Gross Loan Portfolio (GLP) grew by 10.04 per cent to Rs 2,85,441 crore as of March 2022, according to a report by Microfinance Institutions Network (MFIN). The industry's GLP stood at Rs 2,59,377 crore in…

India's non-bank microfinance lenders are gearing up to tap the capital market as the sector shows up prospects for steady growth hereon after a couple of years of anxiety. The sector, which grew 10% year-on-year to Rs 2.85 lakh crore at…

Borrowing costs for non-banking financial companies (NBFC) are expected to become costlier by 85-105 basis points in the current financial year due to an increase in policy rates by the Reserve Bank of India (RBI), CRISIL Ratings said in…

Borrowing costs for non-banking financial companies (NBFCs) are seen rising 85-105 basis points (bps) this fiscal. However, overall profitability is expected to remain steady cushioned by a reduction in credit costs, Ratings said. “Last…