Tag: NBFC

HDB Financial Services (HDBFS) Ltd which is a subsidiary of HDFC Bank, India’s largest private sector lender, is planning to raise <span class=
Posted in Business

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…

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A police officer walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India.(Reuters)
Posted in Business

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…

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RBI cancels registration of four NBFCs, accepts surrender of registration from 13 others
Posted in Economy

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…

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Posted in Economy

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…

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RBI tightens guidelines for NBFC P2P lending
Posted in Economy

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…

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RBI tightens norms for P2P lending platforms
Posted in Economy

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….

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

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…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

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…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

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…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

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…

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