Reserve Bank of India Tightens Rules for 15 Large NBFCs

RBI announces Rs 50K cr liquidity window for Covid-related health services

Reserve Bank of India Tightens Rules for 15 Large NBFCs

September 15, 2023

The Reserve Bank of India (RBI) has declared that 15 large Non-Banking Finance Companies (NBFCs) will now face stricter regulatory rules. This decision includes well-known companies like LIC Housing Finance, ...

RBI Directs Banks to Offer Fixed Rate Option on EMI-Based Loans to Protect Borrowers

August 18, 2023

New Delhi (Agency): The Reserve Bank of India (RBI) made a significant announcement on Friday, August 18, directing banks to allow individual borrowers with Equated Monthly Instalment (EMI) loans to ...

Man held by DGGI officials for input tax credit fraud

Leading Auditor Entangled in Storm of Corporate Fraud Cases

July 20, 2023

New Delhi (Agency): A Mumbai-based firm, Chaturvedi & Shah, repeatedly caught in corporate fraud investigations, has emerged as a focal point following the July 19 Enforcement Directorate (ED) searches on ...

BlackOpal Group gets NBFC License, dilutes minority stake & raises $1.5M

March 11, 2021

New Delhi, (Aryavarth) Asset management company BlackOpal will diversify into specialised lending with RBI approving its proposal for grant of NBFC licence. The company proposes to operate the financing activity under ...