NBFC

RBI Has Banned Non-Bank Entities From Giving Credits: Paytm Postpaid, Jupiter, Ola Money Stops Credit Services RBI has barred NBFCs from loading credit lines onto prepaid payment instruments (PPIs) such as e-wallets or prepaid cards. …

RBI Bans Hidden Charges On Free Credit Cards; Rs 500 Fine/Day If Delay In Closure: New RBI Rules For Credit Cards The RBI has announced new guidelines to protect consumers from frauds and hidden charges, among other things. Called…

RBI has invited NBFCs to submit applications for being permitted to authenticate clients' Aadhaar e-KYC. The Reserve Bank of India in an announcement on Monday, has invited NBFCs (Non-Banking Financial Companies), payment system…

This is a record number of banks fined by the regulator on a single day. RBI has penalised 14 banks including Bandhan Bank, Bank of Baroda and State Bank of India (SBI) for multiple rule violations. This is a record number of banks…

RBI Cracks Down On Loan Apps For Blackmailing Users, Hijacking Phone Contacts For Recovery; Strict Rules Formed Have you been interacting with digital lending platforms (like apps) for the purpose of taking up a loan? Have you noticed…

RBI Extends EMI Moratorium For Next 3 Months: You Can Delay EMIs Till August End The Reserve Bank of India (RBI) had announced the moratorium on the loan EMIs starting on March 1, 2020 for a period of 3 months i.e. till May 31, 2020. …

IndiaBulls Forcefully Fires 2000 Employees Via Whatsapp Call; Slashes 50% Salary For Others Last month, the employees of Indiabulls Housing Finance received a paycut of varying amounts, which was reportedly implemented by the company…

#Coronavirus: Banks Customers Allowed To Delay Loan EMIs By 3 Months (Details Inside) The lockdown announced by PM Modi for a period of 21 days to curb the spread of Covid-19 pandemic has brought the Indian businesses and market to a…

Buy EV Vehicle, and save upto Rs 2.5 lakh in income taxes The Finance Minister Nirmala Sitharaman in her maiden Budget 2019 speech, made some significant announcements, aiming to boost up the manufacture and purchase of electric…

In first major crackdown on non-banking finance and payment companies, UIDAI, the nodal authority on Aadhaar has banned most of the non-banking finance companies from using Aadhaar based services.