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RBI cancels non-bank fin registration certificate of Deutsche Securities

Last Updated: Wednesday, July 23, 2014, 16:41

The Reserve Bank of India said on Wednesday that it cancelled the non-banking finance registration certificate of Deutsche Securities India.

Muthoot Fincorp raises Rs 200 crore from NCD issue

Last Updated: Friday, July 18, 2014, 20:52

The issue which opened for subscription on July 3 was fully subscribed two weeks in advance of the original closing date of August 4, the company said in a release issued here today.

Muthoot, Manappuram surge up to 9% on RBI's draft guidelines

Last Updated: Friday, July 18, 2014, 14:00

Shares of non-banking finance companies Muthoot Finance and Manappuram Finance soared as much as 9 percent in morning trade Friday after the Reserve Bank released draft guidelines for licensing of both payments banks and small banks.

NBFCs' bad loans jump to 1.9% in FY14; advances growth down 57%

Last Updated: Wednesday, July 16, 2014, 18:16

Going by the 90-day due rule, which qualifies an asset as bad for commercial banks, delinquencies increased to 4.5 percent as of March 2014 as against 3.6 percent in the year-ago period, it said.

RBI allows NBFCs to use e-KYC service to verify identity

Last Updated: Monday, July 14, 2014, 22:04

Non-Banking Financial Companies (NBFCs) have been allowed to accept e-KYC service as a valid process to verify identity and address proof of customers to reduce risk of fraud and forgery.

RBI to NBFCs: No pre-payment fine on floating rate term loans

Last Updated: Monday, July 14, 2014, 21:59

The Reserve Bank Monday directed non-banking financial companies (NBFCs) not to levy pre-payment penalties on floating rate term loans, including housing loans.

RBI allows NBFCs to work as business correspondents for banks

Last Updated: Tuesday, June 24, 2014, 19:58

The Reserve Bank of India Tuesday permitted non-banking finance companies to act as business correspondents (BCs) of banks, allowing them to offer limited services with the aim of spreading financial inclusion.

RBI accords self regulatory organisation status to MFIN

Last Updated: Wednesday, June 18, 2014, 21:37

The Reserve Bank has recognised Micro Finance Institutions Network (MFIN), the industry association for the micro-finance industry, as a self regulatory organisation for NBFC-MFIs.

CII suggests action plan for revival of NBFCs

Last Updated: Sunday, June 15, 2014, 20:19

Industry body CII has suggested a five-point agenda to breathe life into the country's NBFCs, which are grappling with a steep rise in NPAs, slow loan growth and elevated funding costs amidst a stringent regulatory environment.

Edelweiss Financial NBFC arm to raise funds via NCDs

Last Updated: Thursday, June 12, 2014, 19:44

The issue also comes with an option to retain over- subscription up to Rs 200 crore, aggregating to a total of Rs 400 crore.

Piramal acquires 10% stake in Shriram City for Rs 790 cr

Last Updated: Thursday, June 05, 2014, 15:06

Shriram City Union Finance is a deposit-accepting non-banking financial company specialising in retail finance.

RBI nod mandatory to takeover, acquire control of NBFCs

Last Updated: Monday, May 26, 2014, 20:15

To ensure 'fit and proper' character of the management of NBFCs, the Reserve Bank said Monday any takeover or acquisition control of such an entity (NBFC) would now require its prior approval in writing.