Why Many NBFC Applications Get Rejected by the RBI — And How to Avoid It
Applying for an NBFC (Non-Banking Financial Company) license from the Reserve Bank of India (RBI) is an exciting step for any finance or fintech entrepreneur. However, ...
RBI Slaps Penalty on Shriram Finance: A Strong Signal to NBFCs and Fintechs
In a recent move, the Reserve Bank of India (RBI) fined Shriram Finance Limited, one of India’s major NBFCs, for violating digital lending regulations. Thi...
UGRO Capital Acquires Profectus Capital for ₹1,400 Crore
A Game-Changing Move in India’s NBFC Sector
In a significant step towards becoming a dominant force in the MSME lending space, UGRO Capital has acquired Profectus Capital Pvt. Ltd. ...
India's digital transaction volume has skyrocketed from 2,071 crore in FY 2017–18 to a staggering 18,737 crore in FY 2023–24, reflecting a CAGR of 44%.
This rapid growth presents a massive opportunity for businesses looking to ente...
The Reserve Bank of India (RBI) has introduced updated guidelines aimed at strengthening gold loan practices and enhancing the co-lending framework for better transparency, responsible lending, and financial inclusion.
Key Highlights:
✅ L...
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The Reserve Bank of India (RBI) has imposed fines on six NBFCs for violating key regulatory norms under the RBI Act, 1934. These penalties, totaling over ₹60 lakh, highlight RBI’s tightening grip on governance and compliance.
Who Got Fined...
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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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On October 4, 2024, the Reserve Bank of India (RBI) issued a Draft Circular titled "Forms of Business and Prudential Regulation for Investments" that seeks to amend the extant Master Direction—Reserve Bank of India (Financial Services...
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On August 16, 2024, the Reserve Bank of India (RBI) issued a notification announcing significant revisions to the Master Direction – Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 (‘Dir...
The alternative investment industry in India is experiencing a remarkable surge, outpacing traditional mutual funds at an unprecedented rate. Over the last five years, from June FY19 to June FY24, the industry has achieved a Compound Annual Growth Ra...
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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...
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Please remember the following information regarding Non-Banking Financial Companies (NBFCs):
NBFCs play a vital role in providing funding to the Indian economy, and the Reserve Bank of India (RBI) is responsible for regulating and supervising thes...
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To bolster transparency and protect the interests of borrowers utilizing digital lending platforms, the Reserve Bank of India (RBI) has introduced guidelines aimed at regulating loan aggregators, now termed Lending Service Providers (LSPs).
These ...
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The Reserve Bank of India (RBI) has introduced draft guidelines that aim to bring transparency and fairness to the digital lending space. These guidelines are specifically targeted at regulating Lending Service Providers (LSPs), previously known as l...
In today's rapidly changing financial landscape, traditional credit scoring methods often fail to meet the needs of millions of people worldwide who are underserved by formal banking systems. Emerging economies, such as the Philippines, struggle ...