India needs new non-banking financial companies (NBFCs) to lend to infrastructure, and a vibrant market for…
Tag: non-banking financial companies
SVB crash may indicate how to consolidate banks in India
I’ll start with my favorite quote: “Whatever has never happened before always does.” An example was…
Loan Ranger: RBI deserves praise for protecting borrowers
A few days back, newspapers reported the case of a techie who committed suicide after being…
RBI instructs debt recovery agents not to scare borrowers, not to call before 8 am and after 7 pm – Times of India
MUMBAI: The RBI on Friday issued fresh instructions to recovery agents to intimidate borrowers as well…
Reserve Bank’s strategy for recovery of loans, tightens rules on agents
The Reserve Bank of India on Friday tightened rules for debt recovery agents after complaints of…
No Sebi, debenture holders need not say in M&AS
Debenture holders must approve any move by a company to enter into a merger or acquisition…
Inside the tangled web of Shriram Group
Surprisingly, the role of change-agent for Shriram Group is played by the grand old man who…
ED seizes ₹51.22 crore in micro loan scam
The case involved alleged extortion of high interest rates against micro personal loans given through mobile…
RBI launches corrective action plan for better control over NBFCs
The Reserve Bank of India on Tuesday announced a Prompt Corrective Action (PCA) framework for non-banking…