Last Updated: Wednesday, February 25, 2015, 19:21
Banks and Non-Banking Financial Companies (NBFCs) planning to provide investment advisory services have to obtain approvals from both the RBI and the SEBI.
Last Updated: Tuesday, February 24, 2015, 21:09
The Supreme Court Tuesday told the Reserve Bank of India to go ahead with its action against Sahara India Finance Corporation Ltd (SIFCL) for divesting its securities in violation of the central bank`s 2008 order and the NBFC guidelines and rules.
Last Updated: Wednesday, February 18, 2015, 21:22
Ahead of the budget, industry body CII Wednesday demanded that non-banking financial companies be treated at par with banks for taxation purposes in order to promote balanced development of the financial sector.
Last Updated: Wednesday, February 11, 2015, 23:42
Religare Finvest Ltd, the NBFC arm of Religare Enterprises Ltd, will launch on February 16 its NCD issue to raise up to Rs 100 crore through private placement.
Last Updated: Friday, January 23, 2015, 15:03
The Reserve Bank will soon come out with comprehensive guidelines to protect consumers from being cheated by entities which are regulated by the central bank.
Last Updated: Monday, January 19, 2015, 18:54
Non-banking finance company Muthoot Finance Monday said it has entered into an agreement with Yes Bank to act as its business correspondent.
Last Updated: Tuesday, January 13, 2015, 18:19
Capital market regulator Sebi on Tuesday disposed of charges against NBFC firm India Infoline Finance in a case related to shares of Parekh Aluminex Ltd (PAL).
Last Updated: Monday, December 29, 2014, 22:56
These NBFCs hold 37 percent of assets of the entire NBFC sector but are presently exempt from RBI's regulatory prudential norms.
Last Updated: Thursday, November 28, 2013, 19:38
The Reserve Bank Thursday relaxed norms for non-banking finance companies (NBFCs) in insurance joint ventures by allowing them to hold more than 50 percent in such companies.
Last Updated: Wednesday, November 27, 2013, 15:26
Laxman Singha, 42, an agent of a non-banking financial company (NBFC), committed suicide in Tripura following pressure from depositors, police said Wednesday.
Last Updated: Thursday, November 21, 2013, 21:01
The Reserve Bank Thursday said balance-sheets of deposit-taking non-banking financial companies grew marginally by 2.2 percent to Rs 1,24,900 crore in the financial year ended March 2013.
Last Updated: Wednesday, October 9, 2013, 22:37
Non-banking finance companies (NBFCs) have advantage over other applicants for banking licences as they already have good customer base, Reserve Bank Deputy Governor K C Chakrabarty said Wednesday.
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