Reserve Bank of India on Thursday said 15 large NBFCs, including LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, will be subject to enhanced regulatory requirements. The central bank has categorised NBFCs into Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL). A list of 15 large Non Banking Finance Companies (NBFCs) falling in the Upper Layer category has been released.
Tata Capital, financial services arm of the Tata group has launched the 'Do Right' initiative, a campaign aimed at inspiring and inculcating the 'right' values in children from a young age.
NBFCs with a proven track record, supported by the brand values of reputed corporate, can play a key role in bringing the benefits of banking and economy to the underserved and newer segments of India.
The company said, due internal processes as applicable for sanctions of loans of such nature and value were followed
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
Siva group defaulted on payment in 2016 and is also facing CBI investigation
A consumer wins a case against a financial company for selling him a car online, but not transferring the ownership in his name.
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