RBI governor Shaktikanta Das said concentrated linkages between banks, NBFCs and fintechs may create a contagion risk.
November 23, 2023Banks and NBFCs will have to set aside more capital against personal loans and credit card receivables, and tighten their credit standards.
November 17, 2023Regulation needs to be quick and nimble to promote access and growth while ensuring financial stability, the report says.
November 10, 2023The RBI said some NBFCs enrolled only to access financial information from other firms without sharing their own financial information.
October 31, 2023The draft makes clear that regulated entities may not outsource core management functions, such as decision-making functions like loan approvals.
October 27, 2023The RBI will extend the PCA framework to government NBFCs, except those in the "base layer", from 1 October 2024.
October 13, 2023Lenders will have just six months after an account is categorised as non-performing to classify the borrower as a wilful defaulter.
September 22, 2023The RBI directed regulated entities to release all original property documents to customers within 30 days after personal loans are fully repaid.
September 14, 2023The new system uplifts the RBI’s ability to handle large data flows, aggregate data, perform analysis, disseminate information to the public, and engage with reporting entities.
July 3, 2023Karvy Stock Broking Limited was found to have misused clients' assets in 2019, by pledging them as collateral to borrow funds from banks and NBFCs.
April 29, 2023