FIU India says, this non-compliance keeps these NBFCs outside FIU-IND's reporting ambit, depriving the system of critical ...

It is surmised that the next step may include upper-layer NBFCs having to appoint at least two whole-time directors (WTDs), ...

The report from ratings agency CareEdge Ratings said that the strong growth is driven by increasing digital penetration, ...

Synopsis: Bajaj Finance and Shriram Finance shares gained after clarity that the RBI is not considering any cap on NBFC CEO ...

India, Jan. 4 -- India's retail lending market is changing fast, and honestly, NBFCs are leaving banks in the dust when it comes to personal and consumer loans. In FY25, NBFCs reported 20 percent ...

Currently, the appointment of NBFC CEOs does not require permission from the RBI, unlike the appointment of bank CEOs, which ...

With the Reserve Bank of India (RBI) stepping up scrutiny of cases where lenders have extended fresh loans to borrowers with existing overdues, non-banking financial companies (NBFCs) are increasingly ...

Analyst / Investor Meet - Intimation - Rediff MoneyWiz, the personal finance service from Rediff.com equips the user with ...

MUMBAI, March 7 (Reuters) - India's central bank on Monday said it had formed a working group headed by Usha Thorat, a former deputy governor with the central bank, to examine issues regarding ...

Banks currently dominate India's lending system, accounting for more than 70% of total credit as of FY25, while NBFCs hold a much smaller share. However, Nomura forecasts NBFC credit will grow at ...

Reports that the Department of Financial Services (DFS) under the finance ministry is examining a pathway for NBFCs to ...