NBFC heist: Police say no excess gold found

Weight of sealed covers mistakenly added to gold’s, claim cops

published on : 20th August 2022

NBFC heist: 3.5 kg stolen gold found at cop’s house in Chennai

Acharapakkam inspector detained based on info given by accused

published on : 19th August 2022

NBFC heist: ‘Mastermind to be nabbed soon’

Two men were arrested on Sunday in connection with the Arumbakkam bank robbery case, Chennai city police commissioner Shankar Jiwal told media on Monday.

published on : 16th August 2022

NBFC heist: Two held, 18 kg gold recovered in Chennai  

The duo was nabbed when they were trying to flee the city in a car on Sunday night, sources said. Police officials could not be reached for comments.

published on : 15th August 2022

Rs 20 crore gold, cash stolen from NBFC in Chennai

Three armed robbers, including a staff, lock other employees inside toilet & loot locker

published on : 14th August 2022

Welcome regulation for digital lending

The RBI’s long-awaited regulatory framework for digital lenders offers much-needed clarity, complete with a grievance redressal mechanism and an Ombudsman scheme.

published on : 13th August 2022

Sebi imposes penalty of Rs 10 crore each on Singh brothers

Sebi has also imposed a penalty of Rs 5 crore each on two former officials of Religare Enterprises, and a clutch of other related entities of the Singh brothers.

published on : 29th July 2022

NBFCs should diversify risks across sectors: Former SBI chairman

Rajnish Kumar also said the NBFCs will have to maintain capital adequacy norms, introduce core banking solutions and make adequate disclosures by 2025.

published on : 25th June 2022

ICL FINCORP - A Towering Presence in NBFC Sector

A towering presence in NBFC sector Irinjalakuda - headquartered ICL FINCORP hardly needs an introduction.

published on : 18th June 2022

LIC ups stake in Hero MotoCorp, HUL and Capri Global Capital

LIC increased its stake in Capri Global Capital from 5.04 per cent to 7.06 per cent at an average cost of Rs 624.61 per share.

published on : 15th June 2022

Banks can continue providing credit to NBFCs for on-lending to priority sectors: RBI 

These limits will be computed by averaging across four quarters of the financial year, to determine adherence to the prescribed cap, the circular said.

published on : 13th May 2022

Money Lenders Act not binding on all NBFCs: SC

The Kerala High Court asked banks to go soft on students seeking loan while the apex court was lenient towards a set of NBFCs

published on : 11th May 2022

Bajaj Finance posts record-high net profit in Q4

The company announced a dividend of Rs  20 per share. Consolidated results include those of wholly-owned subsidiaries Bajaj Housing Finance and BFinsec. 

published on : 27th April 2022

Religare pays Rs 5.41 crore to Sebi to settle legacy issues

The statement further said certain compliance requirements were overlooked/not complied with during the period between April 1, 2011 to March 31, 2018.

published on : 25th April 2022

NBFCs can’t issue credit cards without nod: RBI

NBFCs cannot undertake the business of credit cards or their issuance without prior approval of the Reserve Bank of India (RBI), the regulator said on Thursday.

published on : 22nd April 2022

Materials top pick amid rising inflation: Old Bridge Capital Management

According to Andrade, the other beneficiary of the rising inflation is government, whose tax collections have soared due to higher prices and is thus in a better position to spend. 

published on : 14th April 2022

Cost of funds, product coverage led to merger of HDFC with HDFC Bank

The proposed transaction will reduce the Bank’s exposure to unsecured loans

published on : 5th April 2022

Adani, KKR, Piramal among 14 prominent bidders for Reliance Capital

The bidders have two options - either they can bid for the entire RCL or any one or more than one of the eight subsidiaries of the NBFC firm.

published on : 13th March 2022

Real estate sector needs a boost from the Union Budget to turn around fortunes

Here are a few recommendations we believe will help the cause of real estate in general and housing demand in particular.

published on : 29th January 2019