Mon, Nov 11, 2024
Pradhan Mantri Awas Yojana (PMAY) 2024: Under the new scheme, new methods of assessing income will be adopted for people seeking home loans. For example, a street vendor's earnings from a QR code can be considered their income, or their income can also be estimated from average billing.
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Tue, Oct 29, 2024
The lender had earned a net profit of Rs 79 crore in the same quarter in the previous financial year.
Thu, Oct 24, 2024
SBI Chairman C S Setty said that wider participation and heterogeneity of bids demonstrated the trust investors place in the country's largest bank.
Thu, Oct 17, 2024
In a statement on Thursday, the Central Bank said that the action is based on material supervisory concerns observed in the pricing policy of these companies in terms of their Weighted Average Lending Rate (WALR) and the interest spread charged over their cost of funds.
Fri, Oct 11, 2024
Dussehra Pick by Anil Singhvi, Stock to BUY This Dussehra, IIFL Share Price Target: The stock market remains volatile with with both the Sensex and Nifty witnessing significant declines during the initial trading hour on Friday following weak cues from the US markets.
Wed, Oct 09, 2024
For the 10th consecutive time, there was no change in India's repo rate as the Reserve Bank of India (RBI) Governor Shaktikanta Das-led Monetary Policy Meeting (MPC) on Wednesday (October 9, 2024) maintained it at 6.50 per cent. The big change came in the face of the Central Bank changing the policy stance to 'netral' from 'withdrawal of accommodation'. On the other hand, there were no changes in the GDP forecast and Consumer Price Index (CPI) inflation estimates for FY25. In his address on Wednesday, Das said, "The MPC considered it appropriate to change the stance to neutral and remain unambiguously focused on bringing inflation to target durably.
Tue, Aug 13, 2024
RBI says that if the money is not sought for an emergency and a premature withdrawal is sought within three months, NBFCs can pay up to 50 per cent of the deposit without paying any interest.
Sun, Aug 11, 2024
The report by the rating agency added that enhanced regulatory supervision will lead to higher compliance costs. However, emphasising the need to have greater supervision, it noted its importance for the stability of the sector.
Wed, Jul 17, 2024
The capital raise includes Rs 158 crore through preferential equity issue and Rs 113 crore through equity warrants to both promoters and non-promoters, Moneyboxx Finance said in a statement.
Tue, Jul 16, 2024
Private equity firm LeapFrog Investments is investing USD 30 million in the current round through its investment vehicle Jade Inclusion Ltd, Auxilo Finserve said in a statement.
Mon, Jul 08, 2024
Following the cancellation of registration certificates, the two entities "shall not transact" the business of a non-banking financial institution (NBFI), according to the RBI.
Sun, Jul 07, 2024
CIBIL Score For Loan, RBI Rules For CIBIL: The Reserve Bank of India (RBI) was flooded with complaints regarding the credit score. Due to this, the central bank issued a major update related to the CIBIL score to make the rules stricter.
Fri, Jun 28, 2024
The company said the board approved the allotment of 2,648 unrated, unlisted, secured NCDs totalling Rs 264.8 crore.
Sun, Jun 23, 2024
There has been sector rotation with banking being at the forefront on Wednesday led by sugar stocks and then fertilizer and finally railway stocks.
Thu, Jun 20, 2024
The California-based startup plans to use the capital to expand its customer base and further develop solutions for its customers.
Wed, Jun 19, 2024
The total number of securities proposed to be issued is 24 crore of Rs 2 face value for an amount aggregating of Rs Rs 48 crore.
Mon, May 20, 2024
According to the release, the loans will cover tuition fees, living expenses, and other educational costs.
Thu, May 16, 2024
In a conference organised in Mumbai for the Heads of Assurance Functions (i.e., Chief Compliance Officers, Chief Risk Officers, and Heads of Internal Audit) of select Urban Co-operative Banks (UCBs), Rao said, "Chief Risk Officers must assist the management in monitoring and containing risks in banks’ balance sheets."
RBI stressed the need to invest in Early Warning Systems, Stress Testing capabilities and Vulnerability Assessments, Monitoring of Cyber Key Risk Indicators.
Sat, May 04, 2024
According to the information available, the non-convertible debentures have a face value of a Rs 10,00,000 each.
Wed, Apr 24, 2024
The loan will be utilised for the development, construction and operation of the greenfield Kiru Hydro Electric Project (4x156 MW) on Chenab river located in Kishtwar district of Jammu and Kashmir.
Mon, Apr 08, 2024
A study of about 100 NBFCs, accounting for over 90 per cent of the sector's AUM, showed that personal loans alone account for about a third of the AUM, followed by housing loans at 20 per cent and unsecured MSME loans and gold loans each making up 13 per cent of the pie.
Fri, Apr 05, 2024
Zee Business's questions, RBI Governor's answers... Recently, RBI took action against two NBFCs... Is there any problem in the practice of the entire industry? Will RBI bring any new policy for NBFCs related to gold loan, capital market? What did the RBI Governor say? Listen here...
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