RBI Cancels Registration Certificates Of Star Finserv, Polytex For Irregular Lending Practices | Personal Finance News

MUMBAI: The Reserve Bank on Monday said it has cancelled the certificates of registration of two NBFCs — Star Finserv India and Polytex India — due to irregular lending practices. Hyderabad-based Star Finserv India was offering the service under ‘Progcap’ (owned and operated by Desiderata Impact Ventures Private Limited). Polytex India, headquartered in Mumbai, was […]

ABHISEK RAJPUT

July 8, 2024

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New RBI Rules On Premature Withdrawal For NBFC Depositors: All You Want To Know | Personal Finance News

New Delhi: The RBI on has issued revised guidelines for housing finance companies (HFCs) and Non-Banking Financial Companies (NBFCs) regarding Acceptance of Public Deposits. “Accordingly, based on a review of the extant regulations applicable to HFCs prescribed vide Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021, it has been […]

ABHISEK RAJPUT

August 14, 2024

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