RBI Introduces Internal Ombudsman Mechanism for NBFCs

On Monday, the Reserve Bank of India (RBI) introduced an Internal Ombudsman…

NBFCs Take Maximum Brunt Due to STPL Segment Delinquencies

The small ticket personal loans (STPL) sector records a significant dip in…

New RBI Guidelines for Loan Transfer

The Reserve Bank of India (RBI) has released master directions on the…

Factoring Regulation Bill to Strengthen MSMEs

The Lok Sabha approved the Factoring Regulation (Amendment) Bill, 2021, on Monday.…
GSTR-9

New CBIC notification excludes government departments from e-invoicing compliance

The Central Board of Indirect Taxes and Customs (CBIC) has issued a…

Banks Have Sanctioned Loans Over Rs.15 Lakh Crore Under PMMY

On Wednesday, the Finance Ministry said financial institutions and banks had sanctioned…

RBI to Review and Strengthen the ‘Risk Based Supervision’ Model of Banking Sector

To enable financial sector players to address the emerging challenges, the Reserve…

NBFCs Asks RBI for Restructuring Loans and Fresh Liquidity Support

The Finance Industry Development Council (FIDC), a representative body of the Non-Banking…

RBI Guidelines to Appoint Statutory Auditors for Banks and NBFCs

The Reserve Bank of India (RBI) has issued guidelines for the appointment…

Emergency Credit Line Guarantee Scheme Extended by Three Months

The government extended the Emergency Credit Line Guarantee Scheme (ECLGS) validity, including…