The Reserve Bank of India on November 27, 2019 raised concerns over increasing bad loans from the Pradhan Mantri Mudra Yojana. RBI believes that there is an urgent...
In order to address the liquidity issues haunting the NBFC’s, the government has announced Rs 1-lakh crore Partial Guarantee Scheme for NBFCs and HFCs (non-banking and housing finance...
The Reserve Bank of India (RBI) has formed a committee headed by Tapan Ray to review regulatory guidelines and supervisory framework applicable to core investment companies (CICs). What...
The Central Government of India may give the power to regulate the various housing finance corporations (HFCs) in the country to the Reserve Bank of India (RBI). The...
The Reserve Bank of India (RBI) has launched Complaint Management System (CMS), on its website for facilitating RBI’s grievance redressal process. About CMS It is a software application...
The Reserve Bank of India (RBI) has launched a single window portal, Complaint Management System for addressing customer complaints relating to banks and non-banking finance companies (NBFCs) through...
The Reserve Bank of India (RBI) is considering to issue “on tap” licensing for small finance banks. The on-tap licensing will allow entities to approach the RBI for...
The Reserve Bank of India (RBI) has proposed stringent norms to strengthen and raise the standard of asset-liability management (ALM) framework of struggling non-banking financial companies (NBFCs). Stringent...
The Reserve Bank of India’s (RBI’s) Central Board has decided to create a ‘Specialised Supervisory and Regulatory Cadre’ within the RBI. Key Highlights About: The decision to create...
The Reserve Bank of India (RBI) has asked non-banking finance companies (NBFCs) with an asset size of more than ?5,000 crore to appoint a chief risk officer (CRO)....
The Union Government has issued gazette notification, notifying that Peer-to-peer lending (P2P) platforms will be treated as non-banking financial companies (NBFCs) and thus regulated by Reserve Bank of...
Micro Units Development and Refinance Agency (MUDRA) Ltd. Bank was launched on 8 April, 2015 as a subsidiary of SIDBI. It has been registered as an NBFC with the...
