This directive isn’t tailored for specific NBFCs; it applies universally to all of them. The Reserve Bank is emphasizing that ...
The push for increased transparency and reduced cash transactions aligns well with the RBI's objectives, promoting a more ...
The advisory was sent by the banking regulator after certain large gold loan-providing NBFCs had reached out to the RBI for clarity on cash disbursals. It was sent by the RBI's Department of ...
New Delhi, May 9 (PTI) The Reserve Bank has asked NBFC firms not to disburse cash component in excess of Rs 20,000 on loans against gold in line with the Income Tax laws. In an advisory issued to ...
This is in stark contrast to the situation before 2014 when @INCIndia led UPA government turned the banking sector into a ...
The Reserve Bank of India (RBI) has proposed tighter rules to govern lending to projects under implementation. Under these draft regulations, lenders would be required to allocate 5% of the total loan ...
The RBI has sent a chill down the spine of the infrastructure finance industry after reprimanding a number of entities for violations and non-compliance in the previous two years. This has caused ...
The RBI said it issued draft guidelines "taking into account the experience of banks with regard to financing of project loans".
RBI Circular Notification Press Release and Instructions issued by Reserve bank of India. News and Article on provisions, Rate changes, Policy changes and FAQ Fema / RBI: RBI directs NBFCs to adhere ...
Shares of both Manappuram Finance Ltd. and Muthoot Finance Ltd. are down up to 8% on Thursday after the Reserve Bank of India sent them an advisory on cash disbursal of loans. CNBC-TV18 reported ...
The RBI's payout to the government is for the accounting year 2022-23. The board decided to transfer the central bank's surplus funds as a payout to the government at its 602nd meeting, held on the ...
In an advisory issued to gold loan financiers and microfinance entities earlier this week, the Reserve Bank of India has advised them to follow Section 269SS of the Income Tax Act. Section 269SS of ...