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NEWS
RBI warns NBFCs a mode they use for giving loans may bring grief
Fri, May 17, 2024     Source : Economic Times
The Reserve Bank of India has cautioned the country's non-bank finance companies against getting over-reliant on algo-based credit models or they may regret later.
MUTUAL FUNDS NEWS
Quant MF gets RBI nod to hike stake in RBL Bank
Wed, May 15, 2024     Source : Business Line
The approval granted on Monday is subject to certain conditions and provisions under the Banking Regulation Act, 1949
NEWS
IIFL Finance fallout: RBI to relook at gold loan norms
Wed, May 15, 2024     Source : Business Line
Regulator is in the process of tightening rules pertaining to cash disbursements and loan-to-value assessment
NEWS
RBI ‘expected’ to transfer ?1-lakh cr as dividend to the Centre in FY25
Sat, May 11, 2024     Source : Business Line
This projection indicates a slight increase from the ?87,400 crore transferred in the previous fiscal year.
NEWS
RBI appoints R Lakshmi Kanth Rao as executive director effective May 10
Sat, May 11, 2024     Source : Business Standard
As executive director, Rao will handle the Deposit Insurance and Credit Guarantee Corporation (DICGC), the Right to Information Act (FAA), and the Department of Communication
NEWS
RBI says 15 NBFCs surrendered registration certificates
Sat, May 11, 2024     Source : Economic Times
The Reserve Bank of India (RBI) on Friday said 15 NBFCs, including Tata Capital Financial Services and Revolving Investments, have surrendered their certificates of registration due to various easons.
NEWS
‘Expecting Rs 10k cr of recovery and upgrades in FY25’
Sat, May 11, 2024     Source : Financial Express
Interview: Debadatta Chand, MD & CEo, Bob
NEWS
No country can ignore ratings by credit rating agencies: Subbarao
Fri, May 10, 2024     Source : Business Standard
RBI may be looking at the bigger picture, and companies at their balance sheets, says former RBI governor D Subbarao on draft provisioning norms
NEWS
IDBI Bank stake sale: FinMin in talks with RBI to hurry vetting process
Fri, May 10, 2024     Source : Business Standard
Govt hopes to conclude transaction by FY25-end
NEWS
RBI asks NBFCs to stick to loan cash payout limit of Rs 20,000
Thu, May 09, 2024     Source : Economic Times
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the develop...
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