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NBFC-MFIs bag 40% surge in equity investments

Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) have reported a 40 per cent surge in terms of equity investments, said a report...

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NBFCs

EarlySalary acquires CashCare, launches ‘Checkout Finance’

EarlySalary, the tech-enabled digital lender & FinTech start-up, announced its acquisition of CashCare, India’s first ever lending platform for online purchases. With this acquisition, EarlySalary...
Money Laundering

Govt directs NBFCs to comply with anti-money laundering rules

The Centre has directed the Non-Banking Financial Companies (NBFCs) to adhere to the requirements of Prevention of Money Laundering Act (PMLA). It stated that PMLA...
Microfinance

Ministry of Finance names 9,500 NBFCs as ‘high risk financial institutions’

The Ministry of Finance has categorised 9,500 Non- Banking Financial Companies (NBFCs) as ‘high risk financial institutions’. The recently released list by the Financial Intelligence...

Digital Payments

IRCTC all set to launch its payment gateway

Indian Railway Catering and Tourism Corporation (IRCTC) is planning to launch its payment gateway for meeting the rising demand for online ticketing in India. This...

UPI soon to be available for international remittance

National Payments Corporation of India (NPCI) is planning to start a Unified Payments Interface (UPI) mode of transaction for international remittance. Post the implementation of...