Search result for 'fair practices code'

Finance Minister urges NBFCs to avoid aggressive loan marketing, maintain reasonable interest rates, and prioritize customer wellbeing.

The Reserve Bank of India (RBI) has canceled the registration of Nagpur-based Zavron Finance due to violations of lending guidelines, including outsourcing core functions and failing to provide...

The Reserve Bank of India has barred Navi Finserv and 3 other NBFCs from disbursing loans due to concerns over usurious pricing and non-compliance with regulatory guidelines. The action follows...

The Enforcement Directorate has ordered the confiscation of Rs 252 crore assets of PC Financial Services Pvt Ltd, an Indian subsidiary of a Norwegian company controlled by Chinese individuals, for...

RBI Governor Shaktikanta Das cautions NBFCs against unsustainable growth practices, emphasizing the need for compliance, strong risk management, and fair customer treatment. The central bank warns...

Reserve Bank of India (RBI) cancels registration of Star Finserv and Polytex India for violating lending guidelines and outsourcing core functions.

The Reserve Bank of India (RBI) has imposed a penalty of Rs 3.1 lakh on Hero FinCorp Limited for non-compliance with certain provisions relating to fair practices code.

The Reserve Bank of India (RBI) held a conference for top ARC officials emphasizing sound governance, ethical conduct and compliance with regulations. Deputy Governors Rao and Swaminathan addressed...

The Reserve Bank of India (RBI) has directed banks and lenders to refund excess charges to customers and follow fair practices in charging interest, citing concerns over unfair practices.