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RBI examines credentials of nearly 35,000 cos: MCA

Last Updated: Thursday, February 13, 2014, 18:20

The Reserve Bank is examining the credentials of nearly 35,000 entities whose particulars were shared with it by the Ministry of Corporate Affairs (MCA) because of rising instances of fraudulent investment schemes.

RBI eases investment norms for NBFCs in insurance ventures

Last Updated: Thursday, November 28, 2013, 19:38

The Reserve Bank Thursday relaxed norms for non-banking finance companies (NBFCs) in insurance joint ventures by allowing them to hold more than 50 percent in such companies.

Chit fund agent commits suicide in Tripura

Last Updated: Wednesday, November 27, 2013, 15:26

Laxman Singha, 42, an agent of a non-banking financial company (NBFC), committed suicide in Tripura following pressure from depositors, police said Wednesday.

Deposit-taking NBFCs see tepid balancesheet growth in FY13: RBI

Last Updated: Thursday, November 21, 2013, 21:01

The Reserve Bank Thursday said balance-sheets of deposit-taking non-banking financial companies grew marginally by 2.2 percent to Rs 1,24,900 crore in the financial year ended March 2013.

NBFCs have advantage in bank licence application: Chakrabarty

Last Updated: Wednesday, October 09, 2013, 22:37

Non-banking finance companies (NBFCs) have advantage over other applicants for banking licences as they already have good customer base, Reserve Bank Deputy Governor K C Chakrabarty said Wednesday.

Sebi bars Rhine & Raavi, its directors from raising funds

Last Updated: Wednesday, October 02, 2013, 00:36

Market regulator Sebi today barred NBFC firm Rhine and Raavi Credits and Holdings Ltd (RRCHL) and its seven directors from raising money from investors through issue of certain debentures, violating the public fund-raising norms.

RBI tightens norms for lending against gold jewellery

Last Updated: Tuesday, September 17, 2013, 12:07

Seeking to keep demand of gold under check, the Reserve Bank of India has tightened norms for loans against pledge of gold jewellery.

First Sharia-based NBFC to open in Kerala after RBI nod

Last Updated: Sunday, August 18, 2013, 19:33

Outgoing Governor Duvuuri Subbarao, who is retiring on September 4, had earlier said that Islamic banking was not possible in the country.

NBFCs given time till March 2014 to allot customers unique ID

Last Updated: Thursday, July 04, 2013, 21:30

The RBI had in May said that existing individual customers may also be allotted Unique Customer Identification Code (UCIC) by end-June 2013.

RBI details interest payment norms for frozen NBFC deposits

Last Updated: Thursday, July 04, 2013, 21:29

In a notification, the Reserve Bank said the Non-Banking Financial Companies (NBFC) will have to obtain a "request letter" from such customers on maturity of their deposits for renewal.

RBI puts on hold new NCD norms for NBFCs

Last Updated: Wednesday, July 03, 2013, 22:59

In a relief to non-banking lenders, the Reserve Bank Wednesday said the proposal to have a minimum gap of six months for private placement of non-convertible debentures has been kept in abeyance for now.

NBFC official arrested for cheating depositors in Odisha

Last Updated: Wednesday, May 22, 2013, 12:45

The managing director of a non-banking financial company (NBFC) has been arrested on charges of cheating depositors in Khallikote area of Odisha.