The Reserve Bank of India on Monday said it has cancelled the registration of two non-banking finance companies (NBFCs) – Pune-based Kudos Finance and Investments […]
Tag: rbi
RBI, Yes Bank move SC against HC order setting aside ₹8.4k cr AT-1 bonds writeoff
The Reserve Bank of India (RBI) and Yes Bank have moved the Supreme Court against a Bombay High Court order that had set aside their […]
HDFC Bank begins offline payment pilot under RBI sandbox
The country’s largest private sector lender HDFC Bank on Monday said it is attempting to execute digital payments in an offline mode under a regulatory […]
Banks report record quarterly NII in Q3 amid improving credit offtake and better asset quality
The banking sector reported the strongest year-on-year growth in net interest income (NII) for the December 2022 quarter since the pandemic hit June 2020 quarter […]
DBS says not concerned about exposure to Adani group
DBS Group has a tightly managed exposure to India’s troubled Adani group of companies, Piyush Gupta, the CEO of Southeast Asia’s largest bank said on […]
Kotak Mahindra To Buy Microfinance Lender Sonata Finance For $65 Mn
Kotak Mahindra Bank said on Friday it would acquire Sonata Finance Pvt Ltd for 5.37 billion rupees ($65.04 million) in an all-cash deal, in a […]
CCI gives nod to KKR purchasing stake in Hero Future Energies Global
The Competition Commission of India (CCI) on Thursday approved the purchase of stake in Hero Future Energies Global Ltd by Ardor Holdings II Pte. Ardor […]
More non-banks, MSMEs likely to tap TReDS platform
The central bank’s move to allow insurance companies to participate in the ₹60,000 crore TReDS platform is likely to increase the participation of non-banks and […]
Rate hikes will not impact NBFCs’ collections, says Icra Ratings
A day after the Reserve Bank delivered another rate hike, a domestic ratings agency on Thursday said the increases will not impact collection efficiencies for […]
Digital credit to be rolled out this year; NRIs in 10 countries to get UPI service
The government will roll out digital credit service this year which will enable even small street vendors to avail credit from large banks, Telecom and […]