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Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI to create specialised supervisory and regulatory cadre

A decision to this effect was taken at a meeting of the Central Board here under the Chairmanship of RBI Governor...

21 May 2019 7:33 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

Shadow banks must appoint risk officers: RBI

Banks with more than 50 billion rupees (USD 714 million) in assets must appoint a chief risk officer.

17 May 2019 9:29 AM IST

$\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.$ Business

Imminent crisis in NBFC sector: Corporate Affairs Secy

The financial system has been grappling with multiple woes in the wake of the turmoil at IL&FS group.

12 May 2019 5:09 PM IST

The move is aimed at not only freeing up capital for banks for further lending but also slash borrowing costs for well-rated NBFCs. (Photo: ANI)

Fishing in troubled waters of finance sector

Non-banks borrow from their competition (banks), mutual funds, insurance companies and institutional investors.

6 May 2019 6:52 AM IST

Reserve Bank of India (RBI)

Failure at a big Indian non-bank lender could cause large damage: RBI

The central bank issued the warning in its latest Financial Stability Report, released on Thursday night.

28 Jun 2019 3:43 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI sets average base rate of 9.18 pc for NBFC-MFI borrowers for July...

RBI sets the average base rate for NBFC-MFIs on the basis of average of base rate of the five largest commercial banks.

28 Jun 2019 3:20 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI calls for greater surveillance on too-big-to-fail NBFCs

The systemic impact of HFCs' failures has significantly lessened as the state-run banks got better capitalised.

28 Jun 2019 9:36 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI launches CMS for filing online complaints against banks, NBFCs

The RBI also plans to introduce a dedicated Interactive Voice Response (IVR) system for tracking the status of...

24 Jun 2019 8:37 PM IST

The Bombay High Courts recent decision directing tax authorities to release tax deducted at source (TDS) in the Everstone Capital-Indostar Capital deal comes as a major relief for companies operating from jurisdictions like Mauritius and Singapore.

Bombay HC decision in Indostar case eases withholding tax pains

But directed that the company should maintain a minimum 50 lakh shares of ICFL to protect the interest of the revenue...

22 Jun 2019 6:30 AM IST

These lenders are following the path of a lending unicorn-Capital First, which adopted a similar strategy. In 2012, venturing down the entrepreneurial road, V Vaidyanathan acquired a stake in an existing NBFC and secured the equity backing of Rs 810 crore from Warburg Pincus and thus founded Capital First Ltd.

Start-ups entering listed space via reverse merger

Nath, a financial services veteran, launched U GRO last year after acquiring listed entity Chokhani Securities.

17 Jun 2019 1:03 AM IST

Between 2000 and 2016, British FDI created 371,000 jobs 10 per cent of all jobs created by FDI.

Financial services to add 47,800 new jobs in April-Sept FY20

Despite the setbacks seen in NBFCs, the financial services sector has shown a positive outlook in terms of hiring.

13 Jun 2019 8:47 AM IST

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

DHFL makes Rs 962 crore payment towards NCDs, to seek ratings upgrade

The company has made interest payments in lieu of Rs 961.95 crores as committed to its debenture holders.

12 Jun 2019 8:58 AM IST