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In the previous week, the reserves had increased by USD 2.484 billion to USD 451.08 billion, the weekly data released by the Reserve Bank on Friday showed.The country’s foreign exchange reserves surged by USD 2.342 billion to touch a…

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Poonawala Finance has presence in Maharashtra, Karnataka, Gujarat, Madhya Pradesh and Telangana.Poonawalla Finance, an NBFC and part of the $ 8.4-billion Cyrus Poonawalla Group, has made its debut in the digital lending space and within…

Based on the trend over the past six months, the ratings agency expected the securitisation volumes for NBFC-MFIs to cross Rs 30,000  crore during FY20, higher than Rs 26,000 crore in FY19.As conventional sources of funding for NBFC-MFIs…

Mutual funds invest in debt instruments of NBFCs, which include short-term instruments like commercial papers (CPs) and long-term debt papers like non-convertible debentures (NCDs).Debt mutual funds continued to cut back on debt…

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WASHINGTON (Reuters) - Two U.S. banking regulators unveiled a proposed overhaul to community lending standards on Thursday, kicking off a contentious policy fight over the proper way to ensure banks are supporting lower-income borrowers…

It also did not communicate any matter arising out of the audit to those charged with governance of the IFIN, even though mandated by the SAs.The National Financial Reporting Authority (NFRA) on Thursday issued the audit quality review…

It provides banks with a secure and user-friendly way to authenticate cardholders without the use of static passwords, increasing approval rates.Global payments technology major Mastercard has joined hands with Federal Bank to provide an…

A Sebi probe found that Bagga had carried out unregistered investment advisory activities from March 2013 to September 2015 before obtaining registration (registration granted on October 30, 2015).Sebi on Thursday barred Research…