non-banking financial companies

A new series of rules to regulate the digital lending system in India is centred on the advice obtained from the RBI’s Working Group on Digital Lending, including lending through online platforms and mobile apps. What does this mean for consumers and the platforms that offer these services?

The Covid-19 pandemic has led to a surge in gold loans, showing the distressing shape of the economy. But this is an opportunity for public sector banks and they have increased lending in this sector.

The Delhi High Court has issued notice to the Centre and Reserve Bank of India on a plea seeking direction to allow one-time restructuring of loans by all banks and non-banking financial companies (NBFCs) in the wake of Coronavirus-Induced lockdown.