RBI imposes monetary penalty on three NBFCs for non-compliance with directives

Sep 14, 2024

The Reserve Bank of India (RBI) has imposed monetary penalties on three non-banking financial companies (NBFCs) for regulatory lapses and non-compliance with various RBI...

RBI Governor meets NBFC, HFC heads; advises them to be alert, avoid complacency

Aug 25, 2023

Reserve Bank of India Governor Shaktikanta Das held a meeting on Friday with the heads of select large Non-Banking Financial Companies (NBFCs), including government...

EOW of Delhi Police arrests one for duping NBFCs

Feb 14, 2022

New Delhi [India], February 14 : Economic Offences Wing of Delhi Police arrested an absconder on Friday for duping two Non-Banking Financial Companies (NBFCs)....

RBI introduces prompt corrective action framework for NBFCs

Dec 14, 2021

Mumbai (India), December 14 : The Reserve Bank of India (RBI) on Tuesday issued the Prompt Corrective Action (PCA) framework for Non-Banking Financial Companies...

Sitharaman chairs post-Budget meeting with heads of Banks, NBFCs

Feb 22, 2022

Mumbai (Maharashtra) [India], February 22 : Union Finance Minister Nirmala Sitharaman on Tuesday chaired a post-budget meeting with heads of banks, Non-Banking Financial Institutions...

Declining bank deposits raise concerns about NBFC's fund raising capacity: CareEdge

Aug 11, 2024

Amid the concerns of declining deposits at banks, CareEdge Ratings anticipated that the credit-deposit ratios may pose a concern to the Non-Banking Financial Companies...