Tag: NBFC
HDB Financial Services to float ₹12,500 crore IPO, parent HDFC Bank to sell ₹10,000 crore worth of its shares in OFS
HDB Financial Services (HDBFS) Ltd which is a subsidiary of HDFC Bank, India’s largest private sector lender, is planning to raise ₹12,500 crore with an…
RBI may act against more NBFCs to check obscure lending practices: Morgan Stanley
As Reserve Bank of India (RBI) on Thursday sought action against four Non Banking Financial Companies asking them to cease and desist from making new…
RBI cancels registration of four NBFCs, accepts surrender of registration from 13 others
The Reserve Bank of India (RBI) has taken significant action against non-banking financial companies (NBFCs) by cancelling the certificate of registration for four firms and…
P2P platforms taking on the lender role led RBI to read the riot act
MUMBAI: The Reserve Bank of India’s (RBI) tightening of norms for P2P lenders comes after several of them were found to be having hundreds of…
RBI tightens guidelines for NBFC P2P lending
The central bank tightened norms for non-bank lenders operating as peer-to-peer (P2P) lending platforms, barring them from selling insurance products that are in the form…
RBI tightens norms for P2P lending platforms
The Reserve Bank on Friday tightened norms for Non-Banking Financial Company – Peer to Peer Lending Platforms (NBFC-P2P Lending Platform) to improve transparency and compliance….
BlackBuck: Truck aggregator BlackBuck files for IPO, to raise Rs 550 crore
Accel and Flipkart-backed truck aggregator BlackBuck has filed the draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for an initial…
LegalPay: Litigation funding firm LegalPay launches credit line for small business owners to settle legal disputes
New Delhi-based legal technology startup LegalPay launches a zero-interest credit line for enterprises, startups, individual business owners and freelancers to settle legal disputes while preserving…
ZestMoney: DMI Group acquires ZestMoney in a fire sale
Financial services company DMI Group has acquired beleaguered buy-now-pay-later (BNPL) startup ZestMoney in a fire sale. The deal will give DMI the exclusive right to…
Fintech Slice merges with North East Small Finance Bank
Following the trend of fintechs pursuing banking ambitions, credit card and payments unicorn Slice said on Wednesday that it is acquiring North East Small Finance…