While fixed deposits from commercial banks are a common choice for conservative investors, highly rated NBFCs present a compelling alternative for those seeking competitive rates without significantly compromising on security.
Personal loan: Burrowers must take note that the fintech platform should have a well-functioning customer care system. Even as the loans can be accessed digitally via an app, in case, you run into a problem, then somebody should be there to help you out.
NBFCs, which are regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI), play a significant role in the Indian financial sector and make substantial contributions to the economy.
According to a BSE filing, the Rights Issue Committee has approved the allotment of over 20 crore fully paid-up Rights Equity shares at a price of Rs 2.40 per Rights Equity share, including a premium of Rs 1.40 per share.
NBFCs are regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI).
The selling price will be based on a valuation certificate issued by a SEBI-approved merchant banker and the valuation based on ADPL's financial statement for the financial year ended March 31, 2023.
RBI said that the registrations of five NBFCs were cancelled for violating norms related to outsourcing and fair practices code in their digital lending operations.
The Reserve Bank of India on Tuesday issued guidelines for the appointment of statutory auditors of banks and non-banking finance companies (NBFCs), including housing finance companies.
With a view to ensure financial discipline and transparency, the Reserve Bank of India (RBI) on Tuesday proposed guidelines for non-banking financial companies (NBFCs) for declaring dividends.
Domestic rating agency India Ratings and Research on Thursday said it has maintained a negative outlook on non-banking financial companies (NBFCs) and housing finance companies (HFCs) for the second half of 2020-21.
India's non-banking financial companies will look increasingly to offshore financing as local funding conditions may remain under pressure, Fitch Ratings said on Tuesday.
On November 20, the Reserve Bank superseded the DHFL board and appointed an administrator and said it would begin bankruptcy process for the crippled company that owes close to Rs 90,000 to the system.
Finance Minister Nirmala Sitharaman on Saturday said the non-banking finance company (NBFC) sector crisis has plateaued but not ended yet and her ministry will monitor the emerging situation with the RBI, a day after she announced a slew of measures to address the lending concerns of the NBFCs.
The RBI Wednesday extended minimum holding period requirement for NBFCs to raise funds via loan securitisation to help the sector overcome liquidity shortage.
The RBI also underlined that inflation was under control and that the $75-billion currency swap agreement with Japan announced on Monday would provide additional resources to the country.
Shares of PNB Housing Finance dived 18.55 per cent, Indiabulls Housing Finance plunged 17.06 per cent, DHFL slumped 10.37 per cent, Mahindra & Mahindra Financial Services fell by 3.20 per cent, Ujjivan Financial Services declined by 0.82 per cent and Shriram Transport Finance softened by 0.21 per cent on the BSE.
Kolkata: The Reserve Bank of India (RBI) today said dilution of government holding in public sector banks (PSBs) may not be sufficient for meeting Basel III capital adequacy norms.“Recently, it has been reported that the
Mumbai: In the wake of public investors increasingly being defrauded in the name of non-banking financial services, RBI today tightened its norms for NBFCs by requiring them to have a much stronger capital base, failing
Mumbai: People seeking loan against gold jewellery can now borrow more, as the Reserve Bank today allowed NBFCs to lend up to 75 per cent of the value of metal from 60 per cent at
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