When an ambitious NRI entrepreneur set out to acquire an NBFC in India, he faced a maze of consultants, delays, and false promises. Despite assigning the mandate to a consultant, he soon realized their approach wasn’t aligned with his vision.
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The International Financial Services Centres Authority (IFSCA) has introduced key updates to its Fund Management Regulations, 2022, effective February 19, 2025. These revisions align with the December 2024 proposals and bring significant changes for ...
The Reserve Bank of India (RBI), led by Governor Sanjay Malhotra, recently held a crucial meeting with leading Non-Banking Financial Companies (NBFCs)—his first such interaction since taking office. The meeting brought together MDs and CEOs fro...
The fintech industry is witnessing rapid growth and innovation, with companies continuously seeking new avenues to expand their reach and improve their service offerings. One significant trend that has emerged is the acquisition of Non-Banking Financ...
Introduction
The financial technology (fintech) sector has been experiencing unprecedented growth, with companies continually seeking innovative ways to expand their reach and enhance their offerings. One significant trend is the acquisition of no...
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...
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 ...
A Comprehensive Guide to the Money Changer Business
In our increasingly globalized world, the demand for currency exchange services is on the rise. From tourists to business travelers, the need for quick and reliable money changing services is eve...
On May 28, 2024, Shri Shaktikanta Das, Governor of the Reserve Bank of India (RBI), inaugurated three significant initiatives to enhance regulatory processes and financial inclusivity. The launch event was attended by prominent figures, including Shr...
In today's dynamic financial landscape, small Non-Banking Financial Companies (NBFCs) and FinTech players face unique challenges and opportunities. While these entities strive to compete with larger institutions, they often encounter resource con...