Updated : 1 year, 9 months ago IST
New Delhi [India], Feb 23 (ANI): As announced in its Monetary Policy Statement on February 7, India's central bank, Reserve Bank of India (RBI), on Friday launched the Ombudsman Scheme for Non-Banking Financial Companies (NBFCs).
New Delhi [India], Feb. 23 (ANI-NewsVoir): After having expanded its presence in Hyderabad and Chennai, Auxilo Finserve Pvt. Ltd., one of India's next-level education ecosystem financing NBFCs, has deliberated plans to serve the education needs of northern region, especially Delhi circle.
Mumbai (Maharashtra) [India], Feb 22 (NewsVoir): Financial Planning Standards Board India (FPSB) and the Indian Institute of Management, Lucknow, have released the "Navigator of Responsible Lending - India" - a first of its kind report on the state of Indian consumer lending sector with resp
New Delhi [India], Feb 20 (ANI): Finway Capital, India's first Non-Banking Financial Company (NBFC) that assures 24 hours of Turn Around Time (TAT) on Tuesday introduced predictive intelligence technology to assess the payback capacity of loan seekers and borrowers whose applications are oft
New Delhi [India], Feb 12 (ANI): Lendingkart Technologies Private Limited (a Lendingkart Group Company), announced that it is raising over Rs. 565 crore equity funding in its Series C capital-raising to further strengthen its technological and analytics capabilities, expand its credit produc
New Delhi [India], Feb 12 (ANI): Eduvanz Financing - a skill development loan provider, announced that it has been granted the non-banking financial company (NBFC) licence by the Reserve Bank of India (RBI) to start providing loans in the multi-billion skill development sector.
Updated : 1 year, 10 months ago IST
Mumbai (Maharashtra) [India], Feb 7 (ANI): In a bid to relieve Micro, Small and Medium Enterprises (MSMEs) of payment-related woes, the Reserve Bank of India (RBI) on Wednesday announced that select companies would be provided additional time to repay loans.
New Delhi [India], Feb 7 (ANI): Indian Railway Finance Corporation (IRFC) can now raise additional debt of more than Rs 63,000 crore rupees, following the government exemption from the ambit of an Indian Accounting Standard, pertaining to deferred tax liability.
New Delhi [India], Feb 6 (ANI): Delhi-based Aviom India Housing Finance raised Rs. 15 crore through a primary infusion from Insitor Impact Asia Fund in its Series A round of funding to increase its branch network and operations in Tier II and Tier III towns in existing states and subsequentl
New Delhi [India], January 29 (ANI): The International Bank of Commerce (IBC) mechanism is being used to resolve the Non-Performing Asset (NPA) problem in the country, as per the Economic Survey 2017-18.
New Delhi [India], Jan 27 (ANI): Financial technology platforms these days are helping to fill the credit gap in the economy. Different types of digital lending models are processing loan applications based on information such as psychometric analysis, social profiles, credit score, and have
Bhopal (Madhya Pradesh) [India], Jan 24 (ANI-NewsVoir): It's quite understandable that the rules and regulations of the Reserve Bank of India make it a challenge for a new financial company to be able to offer loans. The good news, with hard work and the right kind of support it is possible