NBFC

  • RBI issues final norms for payment banks, small finance banks November 27, 2014

    Mumbai: Within months of issuing licenses for two new full-fledged banks, RBI ON Thursday issued final norms for setting up of payment banks and small finance banks for the first time in the country. The move, aimed at deepening financial inclusion, will allow entities like mobile operators, super market chains...
  • NBFCs look forward to support in Union budget: Subhasri Sriram June 26, 2014

    Talkisng about his budget expectations, Subhasri Sriram of Shriram City Union Finance Ltd said, "NBFCs look forward to a lot of support. A few of them I would like to list out is the very high capital requirement which has been placed. Impact of this is just not on profitability...
  • LS polls: Police seize Rs 25 lakh from vehicle, seven detained March 21, 2014

    City police on Friday seized Rs 24.67 lakh of unaccounted cash from a vehicle and detained seven persons during a drive to curb misuse of money and liquor during the Lok Sabha polls, a senior official said. The vehicle was intercepted on the city's SP Verma Road when a police team...
  • Odisha: Police arrest chit fund company's manager May 8, 2013

    Kendrapara: A manager of a chit fund was arrested from here even as reports of fraud by bogus nonbanking financial companies trickled in from various pockets of Kendrapara and Jagatsinghpur district of Odisha. After DP finance, another chit fund Artha Tatwa (AT) has disappeared cheating investors in Kujang (Jagatsinghpur) and...
  • NBFCs to migrate to new cheques by March 13 December 23, 2012

    New Delhi: Borrowers from NBFCs have now time till March 31 to replace their old system bank cheques with new ones with added security features for their EMI payments, as RBI has extended the deadline in this regard for nonbanking finance companies. In a circular RBI said that it has...