RBI cancels registration of four non-banking financial companies

Apr 05, 2024

Those companies are Uttar Pradesh-based Kundles Motor Finance Private Limited, Tamil Nadu-based Nithya Finance Limited, Punjab-based Bhatia Hire Purchase Pvt Ltd, and Himachal Pradeesh-based...

DPIIT signs MoU with Kotak Mahindra Bank to enhance financial, non-financial support for startups

Oct 23, 2025

The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has signed a Memorandum of Understanding (MoU)...

Headline inflation moderating but remains above targets of central banks: Shaktikanta Das

Apr 06, 2023

He said the banking and non-banking financial service sectors in India remained healthy and financial markets evolved in an orderly manner

RBI imposes penalties on three housing finance companies for non-compliance with directions

Sep 07, 2024

The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies for non-compliance with directions of RBI on housing finance companies.

RBI imposes monetary penalty on three NBFCs for non-compliance with directives

Sep 14, 2024

The Reserve Bank of India (RBI) has imposed monetary penalties on three non-banking financial companies (NBFCs) for regulatory lapses and non-compliance with various RBI...

RBI penalizes L&T Finance with Rs 2.5 crore fine for non-compliance

Oct 21, 2023

According to a press release issued by RBI, this action follows non-compliance with specific provisions of the Non-Banking Financial Company - Systemically Important Non-Deposit...