Union Minister Sarbananda Sonowal has officially launched Sagarmala Finance Corporation Ltd. (SMFCL), India’s first non-banking financial company (NBFC) dedicated exclusively to the maritime sector. The […]
Tag: Reserve Bank of India
Ambit Finvest and DCB Bank to boost MSME lending through co-lending model
Ambit Finvest has signed a strategic co-lending partnership with DCB Bank Limited to enhance credit access for India’s Micro, Small, and Medium Enterprises (MSMEs). This […]
RBI issues unified guidelines for lending against gold and silver collateral
The Reserve Bank of India (RBI) has released a comprehensive regulatory framework titled Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025, […]
Wise secures RBI nod to boost cross-border export payments
Wise has received in-principle approval from the Reserve Bank of India (RBI) to function as a Payment Aggregator – Cross Border for export transactions. This […]
IIFL Finance gets RBI nod to open Branches in Jammu & Kashmir
IIFL Finance has received regulatory approval from the Reserve Bank of India (RBI) to open branches in the Union Territory of Jammu & Kashmir. This […]
Poonawalla Fincorp introduces AI-backed regulatory response engine
Poonawalla Fincorp Limited (PFL) has launched an extensive deployment of artificial intelligence-powered solutions across its marketing and compliance functions in a move aimed at transforming […]
PayU bags RBI approval to operate as online payment aggregator
PayU Payments has secured the final authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator under the Payment and […]
Vishweshwar Sahakari Bank earns Scheduled Bank recognition
The Reserve Bank of India (RBI) has conferred Scheduled Bank status upon Pune-based Vishweshwar Sahakari Bank. This milestone signifies the RBI’s renewed commitment to strengthening […]
Gujarat’s 15 UCBs get regulatory green signal from RBI
The Reserve Bank of India has lifted the Supervisory Action Framework (SAF) imposed on 15 Urban Cooperative Banks (UCBs) in Gujarat, signalling a positive shift […]
Ashika Credit Capital plans expansion with over Rs 500 crore infusion
Ashika Credit Capital has announced its audited financial results for the financial year ended March 31, 2025, along with several strategic developments. The company reported […]