The RBI stated that the disruptions faced by these institutions have either been resolved or are currently being addressed. This reassurance comes in light of concerns over potential impacts on financial operations due to the global technical glitch.
The Reserve Bank has decided to review and strengthen the Risk Based Supervision (RBS) of the banking sector with a view to enable financial sector players to address the emerging challenges.
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.
The Reserve Bank of India (RBI) on Monday announced that the bank credit to registered NBFCs towards agriculture, MSEs and housing sector up to prescribed limits will be treated as priority sector loans during the next fiscal starting April.
Reserve Bank Governor Shaktikanta Das on Monday said slowing credit growth is one of the major challenges that banks are facing currently.
Jaitley's remarks come in the wake of stock markets witnessing sudden and stiff fall in intra-day trade on Friday over concerns of liquidity crisis being faced by some of the NBFCs.
The list, prepared by Financial Intelligence Unit (FIU-IND), includes NBFCs found non-compliant to the Prevention of Money Laundering Act (PMLA) rules as on January 31.
New Delhi: There is a need to bring government-owned Non-Banking Financial Companies (NBFCs), which are highly leveraged, under prudential regulations, says an RBI report."While a certain degree of forbearance might have been warranted in initial
New Delhi: Career Point Infosystems was locked in 20 per cent upper circuit at Rs 143.10 on BSE, after the company's wholly owned subsidiary receive a nod from the Reserve Bank of India (RBI) to
New Delhi: The Reserve Bank of India today permitted non-banking finance companies to act as business correspondents (BCs) of banks, allowing them to offer limited services with the aim of spreading financial inclusion."It has been
Mumbai, June 1: Amid rising incidents of fraudulent investment schemes hitting investors, the Reserve Bank today asked the public to carefully evaluate their decisions before depositing money with financial entities including Non-Banking Financial Companies (NBFCs).The
New Delhi, Dec 13: Non-banking financial companies (NBFC) would need RBI's prior approval before making changes in their ownership control, a draft guideline of the central bank said on Wednesday.The draft guidelines, based on the
Mumbai, Apr 17: Concerned over spurt in gold imports, RBI today asked banks to reduce exposure to NBFCs giving loan against the precious metal and has set up a working group to suggest ways to
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