Wednesday, May 12, 2021
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RBI Governor meets MDs, CEOs of NBFC-Micro Finance institutions

The Reserve bank of India Governor, Shaktikanta Das on Monday met managing directors (MD) and Chief Executive officers (CEOs) of Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) via video conferencing. The meeting was attended by Deputy Governors MK Jain and Dr MD Patra and a few other senior officials of RBI. In

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RBI Guidelines | NBFC: RBI issues guidelines for appointment of statutory auditors of banks, NBFCs

The Reserve Bank of India on Tuesday issued guidelines for appointment of statutory auditors of banks and non-banking finance companies (NBFCs), including housing finance companies. 'Guidelines for Appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)' will be applicable

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Muthoot Microfin added 37% more employees in pandemic period, disburses Rs 2,700 cr loan in FY21

Muthoot Microfin on Friday said its employee count rose 37 per cent during the pandemic period, with as many as 2,300 new people joining the organisation. Muthoot Microfin has expanded its employee strength by 37 per cent during a period when retaining employees and maintaining salaries came across as a

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Expect Religare Finvest’s debt restructuring to be over in 2 months, says official

With debt restructuring plan getting approved by a consortium of 18 lenders led by SBI, Religare Finvest Ltd is gearing up for new business, Enterprises Chairperson Rashmi Saluja said. RFL, an NBFC arm of Religare Enterprises Ltd, has been barred from undertaking fresh business as it is under corrective

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MFIs better prepared to deal with disruptions due to rising COVID-19 cases: MFIN CEO

The microfinance sector is unlikely to face major challenges from the second wave of COVID-19 and is well prepared to face any disruption, Microfinance Institutions Network (MFIN) CEO Alok Misra said. Over the past year, microfinance institutions (MFIs) have streamlined their processes, trained field staff on COVID-appropriate behaviour and in

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Religare Finvest to default on Rs 100 crore NCD payment obligation

on Wednesday said its arm Religare Finvest Limited will default on Rs 100 crore NCD payment obligation later this month to subscriber due to financial distress caused by misappropriation of funds by former promoters and officials. NBFC firm Religare Finvest Limited (RFL) had borrowed Rs 100 crore

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