The updated Directions mandate stronger customer due diligence and monitoring for NBFCs. They align domestic practices with global AML/CFT standards and take effect immediately upon ...

A comprehensive process is prescribed for NBFC mergers with other NBFCs or non-NBFC entities. The ruling ensures orderly consolidation under regulatory ...

MUMBAI, Oct 18 (Reuters) - The Reserve Bank of India's (RBI) increased scrutiny of banks and other financial firms has resulted in a spate of supervisory restrictions, most recently on four ...

MUMBAI/TOKYO, Dec 19 (Reuters) - Japan's MUFG will acquire a 20% stake in Indian non-bank lender Shriram Finance Ltd (SFL) for $4.4 billion, the companies said on Friday, the largest cross-border ...

What Is Banking-as-a-Service (BaaS)? Banking-as-a-Service (BaaS) is a financial technology that allows non-banking financial companies (NBFCs) to offer banking services to their customers. By ...

MUMBAI, Oct 9 (Reuters) - Some Indian non-banking finance companies (NBFCs) are aggressively pursuing growth and chasing excessive returns on equity, which could pose financial stability risks, the ...

The prospects for non-bank financial institutions (NBFIs) will hinge on earnings resilience, valuation support and selective ...

Indian banks' gross bad loan ratio may fall further from already low levels in the next financial year but non-bank lenders ...

The decision prohibits non-banking financial companies and entities from dealing with unregistered risk assessment providers ...