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The Reserve Bank of India (RBI) has imposed fines on six NBFCs for violating key regulatory norms under the RBI Act, 1934. These penalties, totaling over ₹60 lakh, highlight RBI’s tightening grip on governance and compliance.
Who Got Fined...
The alternative investment industry in India is experiencing a remarkable surge, outpacing traditional mutual funds at an unprecedented rate. Over the last five years, from June FY19 to June FY24, the industry has achieved a Compound Annual Growth Ra...
Introduction
Non-banking financial companies (NBFCs) play a quintessential role in bridging the credit gap within economies worldwide, especially in the dynamic financial background of 2024. The rapid development and diversification of NBFCs ensur...
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As the demand for credit surges across corporate and industrial sectors, Non-Banking Financial Companies (NBFCs) have become crucial players in the financial ecosystem. Unlike traditional banks, NBFCs offer easier access to credit, making them highly...
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Imagine being able to withdraw cash from an ATM without using your card or deposit cash using only your smartphone. Thanks to the efforts of the National Payments Corporation of India (NPCI) and the Reserve Bank of India (RBI), this is now possible w...