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As per RBI statistics, the size of NBFC sector was pegged at Rs 54 Lakh crores in 2021, which was equivalent of 25% of the asset size of whole banking sector.
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Deepinder Goyal-led food delivery giant Zomato has abandoned plans to enter the non-banking financial company (NBFC) sector. The company's subsidiary, Zomato Financial Services Limited (ZFSL), has decided to voluntarily withdraw its application to
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Brief History of RBI The Reserve Bank of India (RBI) was established on April 1, 1935, based on the Hilton Young Commission's recommendations and the Reserve Bank of India Act, 1934. Initially, the RBI took over the functions of the Controller of
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Navi Finserv Ordered to Cease Loan Disbursement by RBI ๐จ In a recent development, Navi Finserv, the NBFC arm of Sachin Bansalโs Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa
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The food processing industry grew at an average annual rate of 8.3% in the last five years. In 2021-22, the gross value added (GVA) of the industry was US$ 27.95 billion. The food processing industry is expected to reach a market size of US$ 1,274
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