The Srei group’s decision to proactively move to NCLT in a bid to recast debt and repay creditors in retrospect could have irked the bankers and prompted the Reserve Bank of India to trigger its...

A whistleblower has alleged that HDFC Bank has levied processing fees on customers who had submitted forged or suspected documents to get loans — instead of reporting them to the authorities. T...

The government on Tuesday again urged investors to check the antecedents of Nidhi companies before putting in their money, as at least 348 entities have failed to meet the criteria to be declared as N...

Five out of the eight initial public offers (IPOs) which mopped up Rs 13,857.07 crore in August are trading below their issue prices,  raising concerns if the big party around public issues is ov...

The Bandhan Bank scrip surged on the bourses on Monday on the back of an announcement by the Assam government last Friday to offer a relief package to bail out small-loan borrowers in the northeastern...

Non-bank microfinance companies (NBFC-MFI), which constitute 30.8 per cent of the overall microfinance credit portfolio, expect a level playing field with banks and small finance banks if the proposed...

The Reserve Bank on Monday proposed a uniform regulatory framework for the microfinance sector, wherein MFIs can provide collateral-free loans to households at board-determined interest rates.  ...

The Reserve Bank of India on Friday extended the risk-based internal audit (RBIA) system to certain housing finance companies (HFCs) in a bid to enhance the quality and effectiveness of their audits. ...

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Non-banking finance companies (NBFCs) have asked the Reserve Bank of India to extend the relief on working capital limits announced earlier this month to MSMEs as well. The RBI had announced a series...