MFIs in India already serve more than 7 crore (70 million) unique borrowers, with the majority being women in rural areas.

Non-banking finance companies (NBFCs) were advised by RBI executive director R Lakshmi Kanth Rao to prioritize compliance, risk management, liquidity management, and customer protection. Rao ...

The Reserve Bank of India has put NBFCs and fintech players under the lens after a series of compliance failures came to light Anand Adhikari Print Edition: 14 Apr, 2024 ...

NBFCs struggle to manage compliance obligations effectively as they have to comply with at least 621 compliances which involves over 35 one-time registrations and approvals. Here's how TeamLease ...

In a bid to improve transparency, compliance the lending process further, the Reserve Bank of India (RBI) has reset norms for Non Banking Financial Company-Peer to Peer Lending Platforms (NBFC-P2P ...

In the year 2023 alone, RBI issued an extensive list of over 100 circulars, notifications, and directives specifically for NBFCs, suggestive of the central bank’s proactiveness in addressing ...

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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 directives.

The RBI has imposed a cumulative monetary penalty of INR 76.60 Lakh on four NBFC-P2P lending platforms – Faircent, LEO1, Finzy and Rang De.

Although there were 9,443 RBI-registered NBFCs as of 31 March, the analysis is based on a sample of 205 firms that regularly submitted returns for all quarters from December 2020 to December 2022.

NBFCs expect 15% growth in gold loan business despite RBI regulations, focusing on digital disbursements and risk management. RBI in March barred IIFL Finance from sanctioning gold loans For a ...

The Reserve Bank of India (RBI) had lately expressed concern about growth in non banking financial company (NBFC) loan books raising questions about systemic hygiene and the potential for a ...