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NBFC

RBI issues fresh guidelines asking banks, NBFCs not to levy penal interest on borrowers in case of…

Kemal Pasha Aug 18, 2023

Representational image. File | Photo Credit: Reuters Reserve Bank of India (RBI) has issued fresh guidelines to the Regulated Entities (REs) such as commercial and other banks, Non-Banking Finance Companies (NBFCs) and other lenders to…

Business

Account aggregator transactions soar as lenders disburse Rs 6K cr

Kemal Pasha May 26, 2023

The account aggregators (AA) ecosystem is seeing increased adoption from various financial services players, and lenders including banks and non-banking finance companies (NBFCs) have disbursed Rs 6,000 crore of loans through AA-based…

Business

Tata Capital in talks with lenders to raise Rs 10,000 crore via debt

Kemal Pasha Apr 30, 2023

Tata Capital, a subsidiary of Tata Sons, is in talks with lenders to raise Rs 10,000 crore by way of debt for its on-lending purposes. The Board of Directors of Tata Capital Financial Services Limited (TCFSL) has approved the…

Business

Expect stable cash flows and earnings in FY 24, Adani tells banks

Kemal Pasha Apr 23, 2023

The Adani group is expected to report a 20 per cent rise in its earning before interest, tax, and depreciation at Rs 61,200 crore for the year ended March 2023, per a note submitted by the group to the lenders recently. The…

Business