RBI cancels Sahara India Financial Corp's NBFC registration

Last Updated: Monday, September 14, 2015, 21:49

In a fresh jolt to Saharas, Reserve Bank has cancelled Sahara India Financial Corporation's certificate of registration as NBFC.

Sundaram Finance cuts interest rates on deposits by 0.5%

Last Updated: Friday, July 24, 2015, 17:30

Non-banking finance company Sundaram Finance has announced 50 basis points downward revision in interest rates on deposits with immediate effect.

RBI makes changes in NBFCs management control more stringent

Last Updated: Thursday, July 9, 2015, 23:55

The Reserve Bank Thursday tightened the norms for acquisition/transfer of control of non-banking financial companies (NBFCs) by making it mandatory to seek prior approval from it.

RBI to allow new kind of NBFC as account aggregator

Last Updated: Thursday, July 2, 2015, 20:03

The Reserve Bank will allow setting up new kind of NBFC which would act as account aggregator to help people see their accounts across financial institutions in a common format.

Sundaram Finance Q4 Net slips 9.54% to Rs 90.67 crore

Last Updated: Friday, May 29, 2015, 17:34

Shares of the company today closed at Rs 1,517.50 apiece on the BSE, up by 0.70 percent over the previous close.

RBI relaxes norms for distribution of MF products by NBFCs

Last Updated: Thursday, April 30, 2015, 22:31

Reserve Bank Thursday relaxed norms for distribution of mutual fund products by NBFCs by doing away with the requirement of a prior permission from the central bank.

RBI tightens takeover rules for shadow banking

Last Updated: Monday, March 30, 2015, 23:07

The Reserve Bank of India plans tougher rules for takeovers involving non-banking financial companies (NBFCs), according to a draft guideline published on Monday, outlining a demand that all substantial deals seek its prior approval.

RBI proposes NBFCs to take its nod for takeover/acquisition

Last Updated: Monday, March 30, 2015, 21:50

The Reserve Bank on Monday proposed that non-banking financial companies would have to take prior approval from the regulator for takeover or acquisition of such firms.

RBI wants non-bank finance companies to seek prior nod before any takeover

Last Updated: Monday, March 30, 2015, 20:54

The Reserve Bank of India proposed in draft guidelines published on Monday that prior written permission be obtained from the central bank for any takeover of a non-banking finance company (NBFC).

RBI revises NBFCs' prudential norms, makes ratings mandatory

Last Updated: Friday, March 27, 2015, 22:37

Till March 2016, unrated companies or those with a sub-investment grade, have been allowed to only renew existing deposits on maturity, but barred from accepting fresh deposits.

Non-banking firms to benefit from assets act

Last Updated: Monday, March 9, 2015, 15:03

NBFC, SARFAESI, Moody`s Investors Service, Union Finance Minister Arun Jaitley, Residential mortgage-backed securities,non-performing assets

MUDRA Bank can be positive for microfinance sector: ICRA

Last Updated: Friday, March 6, 2015, 14:30

With Non Banking Finance Companies- Microfinance Institutions (NBFC-MFIs) likely to have overall debt of Rs 360 billion to Rs 420 billion by March 2016, re-finance from MUDRA Bank could constitute a major portion of the overall debt of the MFIs, according to rating agency ICRA.