PayU receives RBI’s approval to operate as NBFC
Online payment brand PayU has received the Reserve Bank of India’s approval to operate as Non-Banking Financial Company (NBFC). This…
17 SEP 2018
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NBFC for food processing likely this year: Govt
Govt’s proposed non-banking finance company (NBFC), especially dedicated to the food processing sector, is likely to be operational by the…
16 JUL 2018
NBFCs all set to adopt Indian Accounting Standards
Non-Banking Financial Companies (NBFCs) are going to adopt new Indian Accounting Standards (Ind-AS) from April 1, confirmed the Ministry of…
11 JUN 2018
Fintech Start-up Orowealth raises $1.6 mn funding
Mumbai-based fintech and direct mutual funds investment platform Orowealth has raised $1.6million in Series A Funding led by Powerhouse Ventures.…
31 MAY 2018
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…
27 MAY 2018
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…
24 MAY 2018
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…
23 MAR 2018
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…
27 FEB 2018
IDFC Bank to merge with Capital First, V. Vaidyanathan to head the new body
IDFC Bank has announced its merger with Non-Banking Financial Company Capital First. This merger will form a combined entity of…
14 JAN 2018
How unique is the concept of corporate governance in NBFCs?
The corporate governance of Non-Banking Financial Corporation (NBFCs) is different and unique as compared to other organisations. This is because…
03 JAN 2018
