The RBI has tightened rules on default loss guarantees (DLGs), a move that is likely to hit digital lenders hard. This and ...

Standard Capital Markets has informed exchanges that it is awaiting approvals from regulatory authorities, including the Reserve Bank of India (RBI), to ... the NBFC said that it is evaluating ...

Mumbai: The Reserve Bank of India’s (RBI) proposed ... ICRA Ltd in a report. “For example, for a 12-month bullet repayment taken at 20 per cent yield per annum, NBFCs would be able to lend ...

This number is on top of the 10mn (million) complaints received by 95 scheduled commercial banks in 2023-24, a figure that doesn’t even include complaints against non-banking finance companies (NBFCs) ...

Internet and card-based banking frauds quadrupled in FY24, according to an annual report ... RBI revised its framework for non-banking financial companies facilitating peer-to-peer lending (NBFC ...

Vehicle loans in particular remain the largest component of NBFCs’ retail loan portfolio, with a share of 34.7 per cent at March-end. The RBI report noted while the share of special mention ...

On 8th August 2024, the Reserve Bank of India (RBI) made an important announcement about the frequency of credit information reporting by banks/NBFCs to ... For example, if you want to apply ...

Non-bank players operating in the microfinance space may be subject to greater reporting ... data to RBI will be non-banking finance company-microfinance institutions (NBFC-MFIs) and NBFCs having ...

RBI Governor Shaktikanta Das had previously noted in his statement at the 50th meeting of the Monetary Policy Committee (MPC) that Banks and NBFCs are ... An Economic Times report in May 2024 ...

“We expect around 60-100 bps jump in the CoF of the NBFCs as the borrowing channel from banks is expected to remain tight,” he said. Ratings agency ICRA in a report in March had highlighted ...

There is also a cost of bailing out these large institutions. According to the RBI's latest Financial Stability Report, NBFCs were the largest net borrowers of funds from the financial system ...

Meanwhile, fintech majors Cred and Jupiter and microlending startup ftcash have already been issued an NBFC licence by the RBI. Last year ... of Indian Fintech Report Q4 2023’, the lending ...