Paisabazaar Rolls out its Neo-lending Strategy, Launches Step Up Credit Card with SBM Bank India
Gurgaon, Haryana, India Step Up Credit Card is a secured credit card, backed by a FD Aimed for consumers, who
Read more
NBFCs
Banks, NBFCs will have to appoint auditors for continuous 3-year period: RBI
RBi has recently issued guidelines for appointment of statutory auditors for banks, and Non Banking Financial Companies (NBFCs), including housing
Read more
NBFCs seek extension of MSME restructuring scheme till March, 2022
Non-Banking Finance Companies have requested RBI to extend the one-time restructuring scheme of MSME advances till March 31, 2022, as
Read more
NBFCs to face asset quality, liquidity risk due to COVID-19 second wave
Non-Banking Finance Companies (NBFC) of India are likely to face asset quality and liquidity risks owing to the second wave
Read more
NBFCs move court against RBI’s current account opening rules
Nearly 14 non-banking financial companies have moved various high courts against the RBI norms on current account opening, requesting anonymity.
Read more
Paytm to sell personal loans
Paytm has launched a new vertical – Paytm Lending – to distribute personal loans to customers through its app. Paytm
Read more
NBFCs set to be scrutinised on basis of scale
In an attempt to enhance the oversight of regulated entities, the Reserve Bank of India will use scale-based approach
Read more
RBI : Bank lending to NBFC’s to ease liquidity crunch
Chamber of Commerce have supported the RBI decision to incentivise banks to enhance their lending to NBFCs, saying the step
Read more