Bajaj Finance Revises Special FD Rates to 8.1%
Non-Banking Financial Companies (NBFCs) have revised their special term FD schemes for 44 months from January 20, 2023, with an interest rate of 8.1% for...
Tag : non-banking financial companies (NBFCs)
Spandana Sphoorty to Raise Rs 4,000 Crore Bond in FY23 to Double AUM
Spandana Sphoorty Financial Ltd (SSFL), a microfinance institution backed by private equity firm Kedaara Capital, plans to raise around Rs 4,000 crore through bonds in...
RBI Cancels Certificate of Registration of Four NBFCs
On Tuesday, the Reserve Bank of India (RBI) rejected the Certificate of Registration of non-banking financial companies (NBFCs). Four NBFCs have cancelled their Certificate of...
Govt Plans To Setup 75 Digital Banks in 2021: FM Sitharaman
India is planning to set up ‘digital-only’ banks and non-banking financial companies (NBFCs) to ensure that business continuity in the lending system is not affected...
RBI Allows NBFCs to Issue Credit Cards
The Reserve Bank of India (RBI) is allowing some non-banking financial companies (NBFCs) to issue credit cards, but it will have strict conditions so that...
Critical to Rebuild Trust in NBFCs: RBI
The Reserve Bank of India (RBI) noticed that Non-Banking Financial Companies (NBFCs) had faced reputation loss due to the failure of large entities in recent...
Securitised Pool Collection Ratios Falls During Covid-19, Says Crisil
Collection ratios in securitised pools have fallen during the 2nd wave of the Covid-19 pandemic, according to rating agency Crisil. This is because of lockdown,...