How Retail Investors Can Leverage Opportunities NBFCs Offer The growth in the Assets Under Management (AUM) of the Non-Banking Financial Company (NBFC) sector is projected to decelerate to around 14-17% by FY25, according to predictions. However, despite this anticipated slowdown, NBFCs still present ample opportunities for retail investors. The Reserve Bank of India’s Action on NBFCs Recently (approximately two months ago), the Reserve Bank of India determined it was pivotal to check the banking sector’s […]

NBFCs Must Monitor Peer-To-Peer Lending and Uphold Underwriting Standards, Stresses RBI Deputy Governor Rajeshwar Rao, Deputy Governor of the Reserve Bank of India, emphasizes the urgent need for non-banking finance companies (NBFCs) to scrutinize their peer-to-peer lending practices and uphold underwriting standards, during a speech at a Confederation of Indian Industries event. Warning against Compromised Underwriting Standards According to Rao, NBFCs must be vigilant in maintaining rigorous underwriting standards. Any compromise in this key area […]

# The Persistent Presence of Credit Cards In the rapidly shifting financial landscape, the sustainability of traditional payment methods like credit cards often come into question. Despite the advent of newer technologies and payment services, the credit card endures, existing simultaneously as a relic of past financial convenience and a surprisingly resilient tool in consumer wallets. ## The Declining Necessity of Credit Cards Once, credit cards epitomized financial freedom and technological innovation. Today, however, their […]

Fintechs Encouraged to Create Self-Regulatory Bodies for Ensuring Statutory Compliance RBI’s Call for Self-Regulation in Fintech Sector On the 15th of January, 2024, the Reserve Bank of India (RBI) issued a significant announcement where it urged fintech companies to establish a self-regulatory organization (SRO). This initiative is part of RBI’s drafted framework promoting self-regulation within the rapidly evolving fintech sector. RBI firmly believes that fintech firms should take the initiative in creating an SRO responsible […]

New Rules Proposed by RBI on Bank Dividends The Reserve Bank of India (RBI) has recently delivered new proposals regarding the declaration of dividends by banks. This marks nearly two decades since any new update on these regulations. Many industry players have commented that these proposed rules are unlikely to dramatically change the modus operandi of several lenders. RBI’s Proposed Changes to Dividend Declaration The new framework proposed by RBI puts forth several critical changes. […]