REC signs 200 million Euro loan agreement with German bank KfW
New Delhi: State-owned NBFC REC Limited signed a 200 million Euro loan agreement with the German bank KfW on Saturday to enhance the distribution infrastructure of DISCOMs in line with the Revamped Distribution Sector Scheme (RDSS) of the government.
Pidilite Industries to foray into lending business
Mumbai: Adhesive-maker Pidilite Industries announced on November 8 its intention to venture into the lending sector, underscoring a commitment to offering credit through small retail loans.
IREDA upgraded from ‘Schedule B’ to 'Schedule A' CPSE
New Delhi: Renewable Energy Development Agency Ltd (IREDA), the largest pure-play green financing Non-Banking Finance Company in India, has been upgraded from 'Schedule B' to the 'Schedule A' category of Central Public Sector Enterprises.
Vivriti Capital Ltd to raise Rs 500 cr via NCD; issue openson Aug 18
Mumbai: Non-banking financial company (NBFC) Vivriti Capital Ltd today announced its first public issue of non-convertible debentures (NCDs) on Friday (Aug 18) to raise up to Rs 500 crore.
L&T Finance Holdings declares highest dividend till date
Pune: L&T Finance Holdings Limited (LTFH) has recommended a final dividend of Rs. 2 per equity share (face value Rs. 10 per share) for the financial year 2022-23 at a board meeting held on Friday.
RBI approves First Loss Default Guarantee program between fintechs and partner banks, NBFCs
Mumbai: The Reserve Bank of India (RBI) has given its approval to the First Loss Default Guarantee (FLDG) program, media reports said.
Non-banks can't load credit lines into prepaid credit instruments, RBI tells fintechs: Report
The Reserve Bank of India (RBI) on Monday issued a clarification on Prepaid Payment Instruments (PPIs) such as wallets and prepaid cards, stating that they cannot offer credit lines through these instruments, media reports said.
RBI allows banks to continue giving credit to NBFCs for on-lending to priority sector
Reserve Bank has asked banks as well as small finance banks (SFBs) to continue lending to the NBFCs for the purpose of on-lending to certain priority sectors.
Kolkata/IBNS: Fintech companies can bring efficient onboarding of customers and offer seamless collection support at a negligible cost at the last mile touchpoints, stated Ketan Doshi, Managing Director of PayPoint India, at the recently held 8th ASSOCHAM National E-Summit on the NBFC sector.
RBI announces special liquidity scheme for NBFCs and HFCs through a SPV
Mumbai/IBNS: In the bid to improve the liquidity position of the NBFCs and HFCs amid the sagging economic situation triggered by Covid-19 pandemic, the government has approved a special scheme to prevent potential systemic risk in the financial sector, the Reserve Bank said on Wednesday.
What Are The Top FD Interest Rates Offered By Top Financiers?
Fixed deposits have been a top pick with investors for decades, and for good reason too. Their high degree of safety and promise of returns makes them an option you can truly count on. But it is important to know that while FD interest rates are not linked to the market, they are sensitive to fluctuations in the repo rate. For instance, in 2018 the RBI revised the repo rate thrice, and hiked it twice to bring it to the current 6.5%. The RBI does so primarily to curb inflation, in order to maintain liquidity in the economy.
Want to Earn Higher Returns than Banks? Try Investing in Company Fixed Deposits
Fixed deposits in today’s day and age has become the most preferred investment option. Being a safe investment avenue, fixed deposit (FD) also have a higher rate of interest compared to a savings account. Although savings is a traditional method to park your hard earned money, it still does not prove to be that beneficial. Rather, the returns earned on a savings account are too less compared to fixed deposits as well as are gained late. This is why you should park your funds in a fixed deposit.
What is EMI and How does One Calculate It?
Being a renowned term, many people are still unaware of the significance and the meaning of EMI. Equated Monthly Instalment (EMI) is a term which each individual gets associated to when he/she plans to take a loan or issue a credit card. Although, the word might sound a little one but has a broader aspect when it comes to practical life. However, if not known right, the term can turn into a nightmare.
RBI simplifies process of registration of new NBFCs
Mumbai, Jun 18 (IBNS): To ease the process of registration of new Non Banking Financial Companies (NBFCs),the Reserve Bank of India (RBI) , on Friday, simplified the application form and revised the list of documents to be submitted.