Mint Quick Edit: RBI’s Timely Warning to NBFCs India’s success in resolving its financial system’s bad loan issue came at significant effort and dedication. It would be regrettable if the gains achieved were compromised by the imprudent actions of a few non-compliant players. RBI’s Warning: A Call for Prudence RBI Governor Shaktikanta Das issued a crucial warning to non-banking financial companies (NBFCs) observed to be prioritizing business expansion over sound judgement. This approach potentially heightens […]

Personal Loan: Can You Secure One in 24 Hours? Here’s How Financial emergencies often demand quick solutions. If you are in need of immediate funds, applying for a personal loan could be the answer. With the right documentation in place, the entire process can be completed within 24 hours. Here’s a comprehensive guide to help you navigate the procedures and secure a loan promptly. Required Documentation To apply for a personal loan efficiently, please ensure […]

RBI Warns NBFCs: Economic Stability at Risk with Aggressive Growth Tactics Reserve Bank of India’s Cautionary Message Introduction In a recent development, the Reserve Bank of India’s (RBI) Governor Shaktikanta Das issued a stern warning to Non-Banking Financial Companies (NBFCs), particularly targeting microfinance institutions and housing finance companies. The caution centers on the risks posed by an aggressive ‘growth at any cost’ approach, which could jeopardize the nation’s financial stability. RBI’s Monetary Policy Context The […]

Transforming the Discount Brokerage Landscape The regulatory landscape for discount brokers such as AngelOne, Groww, and Zerodha is experiencing unprecedented changes. With new rules demanding full transfer of exchange fee waivers to exchanges, brokers are compelled to raise their fees, thereby reshaping the financial ecosystem. Interestingly, the exchanges themselves emerge as unexpected beneficiaries, collecting the entirety of transaction fees from brokers in this new “true-to-label” regime. Key Changes and Implications Full Transfer of Exchange Transaction […]

Comprehensive Guide for Registered Investment Advisors RIAs: Fees and Commissions for Non-SEBI Products Registered Investment Advisors (RIAs) play a crucial role in providing diversified financial products and services. Kamlesh Varshney of SEBI addresses how they can charge fees or receive commissions for products not regulated by the Securities and Exchange Board of India (SEBI). Key Points: Product Offerings: RIAs can introduce non-SEBI regulated products. Fee Structure: Flexibility in fee and commission structures. Non-SEBI Product Fees […]