In the era of Open Finance, NBFC Account Aggregators (AA) are revolutionizing how financial data is shared, accessed, and utilized. If you're a fintech, NBFC, or financial service provider, an NBFC-AA license could be your key to unlocking a futu...
On October 4, 2024, the Reserve Bank of India (RBI) issued a Draft Circular titled "Forms of Business and Prudential Regulation for Investments" that seeks to amend the extant Master Direction—Reserve Bank of India (Financial Services...
On August 16, 2024, the Reserve Bank of India (RBI) issued a notification announcing significant revisions to the Master Direction – Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 (‘Dir...
In a significant move reinforcing its commitment to maintaining financial stability and consumer protection, the Reserve Bank of India (RBI) recently canceled the licenses of two non-banking financial companies (NBFCs) - Polytex India Ltd, based in M...
As regulatory expectations evolve, Non-Banking Financial Companies (NBFCs) face increasing demands to develop comprehensive policies ensuring compliance, effective risk management, and robust governance. This is particularly crucial for NBFCs in the ...
In the fast-paced world of finance, efficient loan management is crucial for lenders to stay competitive. A loan management system (LMS) is a digital platform designed to simplify and automate the entire loan lifecycle, from application to repayment....
To bolster transparency and protect the interests of borrowers utilizing digital lending platforms, the Reserve Bank of India (RBI) has introduced guidelines aimed at regulating loan aggregators, now termed Lending Service Providers (LSPs).
These ...
The Reserve Bank of India (RBI) has introduced draft guidelines that aim to bring transparency and fairness to the digital lending space. These guidelines are specifically targeted at regulating Lending Service Providers (LSPs), previously known as l...
In the intricate world of finance, Non-Banking Financial Companies (NBFCs) operate within a nuanced regulatory landscape. This blog offers an insightful exploration into the complexities, nuances and critical role of compliance in shaping the traject...