Back

RBI has banned four NBFCs from issuing loans, including DMI Finance, Navi Finserv, Asirvad Finance, and Arohan Financial. The ban will take effect from October 21, 2024.

Hello Medial Community Is it mandatory for a fintech who is also engaged in lending activities to get the NBFC licence from RBI?

DID YOU KNOW !? Kotak Mahindra Finance became India's first NBFC to be converted into a bank after being granted an RBI banking license in 2003. Like and follow for more.

Navi has built a personal loan book size exceeding ₹10,439 crore and has an Asset Under Management (AUM) of ₹11,725 crore. The company charges interest rates as high as 45% on loans. For home loans, it's reported that they require full access to pers

Sarashi Association Need help for startup and grow.....My aim is to provide loans to common poor business people at very low interest rates, and much lower than normal banks and finance company like half interest loans, small medical expenses loans

The RBI is increasingly cracking down on unsecured lending. The NPAs (Non-Performing Assets) of unsecured loans are also increasing rapidly. Companies that used to provide loans against salaries are now changing their business models. The NPAs of MSM

The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6.25%, the first rate cut in nearly five years. What is the repo rate? It’s the rate at which the RBI lends money to commercial banks. A lower repo rate means cheaper loans

India’s Gold Loan Market: A Glittering Opportunity The Sparkling Growth: Bajaj Finserv Ltd., a diversified NBFC, predicts India’s gold loan market—valued at $55.52 billion in 2022—will soar to $124.45 billion by 2029. A 12.22% annual growth fuels t

i have idea of creating an online platform that connects lenders directly with borrowers is similar to peer-to-peer lending (P2P lending). P2P lending has become popular in recent years as an alternative to traditional banking and NBFC loans. To mak

We reached out to many P2P platforms from January to July this year regarding their incorrect business models where they were not following P2P lending rules. They kept telling us that they were not doing anything wrong and were operating according t