Non-banking financial companies Archives

The lenders failed to follow the Fair Practices Code, violated rules around income assessments, and disregarded loan repayment capacity norms for microfinance borrowers

RBI bars four NBFCs from loan sanction and disbursal due to...

PGurus Newsdesk - October 17, 2024 1

RBI suspends 4 NBFCs, Asirvad Micro Finance, Arohan, Navi Finserv, DMI Finance, from granting loans The Reserve Bank of India (RBI) has imposed restrictions on...

India's real GDP growth in 2023-24 surged to its highest since 2016-17, surpassing expectations

Economy

RBI Deputy Governor hails India’s resilient financial system amid global challenges

PGurus Newsdesk - July 26, 2024 0

India's real GDP growth in 2023-24 surged to its highest since 2016-17, surpassing expectations The Indian financial system is stronger than in the past and...

Finance

Over 40 cr loans sanctioned under MUDRA scheme in last 8...

PGurus Newsdesk - April 8, 2023 2

The MUDRA scheme helped in the generation of large-scale employment opportunities at grassroots; boosting Indian economy Since the inception of Pradhan Mantri MUDRA Yojana (PMMY)...

Officials said further investigation revealed that other insurance companies and NBFCs also exploited a similar route to avail of ineligible ITC

Law and Order

Massive GST evasion worth Rs.824 cr unearthed, ICICI Prudential among 15...

PGurus Newsdesk - September 30, 2022 0

GST Intelligence uncovers tax evasion by 15 firms insurance companies, NBFCs 15 insurance companies including ICICI Prudential as well as several non-banking financial companies (NBFCs)...

The case revolves around the fraud committed through the illegal diversion of clients' securities by Karvy Ltd

Money Laundering

ED arrests Karvy stock broking CMD Parthasarathy, CFO Hari in swindling...

Team PGurus - January 27, 2022 1

Karvy group's CMD, CFO conspired to transfer borrowed funds, says ED The Enforcement Directorate (ED) on Thursday arrested Karvy Stock Broking Limited (KSBL) CMD C...