guidelines provide an approach to cyber security for NBFCs to encompass information security, cyber security, operations and regular system audits to enhance the ability of NBFCs to combat evolving cyber threats. NBFCs must strengthen their security protocols, putting the protection of their clients ...
To identify potential risks associated with AI, if any and recommend an evaluation, mitigation and monitoring framework and consequent compliance requirements for financial institutions, including banks, NBFCs, FinTechs, PSOs, etc. To recommend a framework including governance aspects for responsible, et...
Dinesh Unnikrishnan
The regulated entities have been given time till 30 November 2022, to implement the guidelines. The main objective of these guidelines is to protect borrowers from unscrupulous lending practices. As per the guidelines, all data should be stored only in servers located within India. Borrowers will ...
Co-origination of loan' is a scheme based on joint participation by Banks and NBFCs which appears to bring about win-win situation for all parties concerned namely; Banks & NBFCs on the one hand and Priority sector borrowers on the other... A Agarwal - Integrated Publishers 被引量: 0发表...
May 13, 2024 12:32 IST News RBI disallows default loss guarantee on loans via NBFC-P2P partnership ByKul Bhushan May 01, 2024 07:00 IST News Groww receives RBI approval to operate as payment aggregator ByHarsh Upadhyay Apr 30, 2024 08:41 IST ...
3. Licences of five NBFCs have been cancelled by RBI due to irregular lending practices. UMB Securities, Anashri Finvest, Chadha Finance, Alexcy Tracon and Jhuria Financial Services are the NBFCs whose CoRs were cancelled. The licences ofNBFCshave been cancelled for violating RBI guidelines on...
“From all registered or licensed lenders with the RBI, the banks and the NBFCs, we have collected the list of apps and have given it to the government, the Ministry of Information and Technology, which has uploaded it on their website. […] Now, it’s a long list. The responsibility...
“While these have fostered competition and collaboration, they also have implications for consumer trust and regulatory oversight. Such structural changes also create opportunities as well as challenges. Financial institutions like banks, NBFCs and others need to carefully assess the impact of these...
4. Dividend Distribution Policy for NBFCs Unlike banks, currently there are no guidelines in place with regard to distribution of dividend by NBFCs. Keeping in view the increasing significance of NBFCs in the financial system and their interlinkages with different segments, it has been decide...