The Reserve Bank of India has directed non-bank finance companies (NBFC) to strictly adhere to IT Act on cash disbursements. This means, NBFCs must stick to a cap of Rs 20,000 while disbursing ...
The Reserve Bank of India (RBI) has cautioned the non-banking finance companies (NBFCs) extending gold loans against breaching the Rs 20,000 cap on cash loan disbursal. While issuing the advisory, the ...
The Reserve Bank of India (RBI) on Wednesday (May 8) sent a letter to select non-banking financial companies (NBFCs). RBI asked them to strictly adhere to income tax norms on cash disbursements. This ...
Mumbai: The Reserve Bank of India (RBI) cautioned non-bank finance companies (NBFC) on Wednesday, advising them against providing cash loans exceeding the permitted threshold of Rs 20,000 ($240 ...
The RBI letter makes it clear that NBFCs shouldn’t provide out loans for more than Rs 20,000 in cash. The RBI took action in response to recent examination of non-bank lender IIFL Finance for a ...
Mumbai: The Reserve Bank of India(RBI) has asked non-bank finance companies (NBFC) to strictly adhere to a cap of Rs 20,000 in cash loans, according to a letter seen by Reuters and two people ...
The Reserve Bank of India (RBI) has reportedly asked non-finance banking companies (NBFCs) to stick to its rule of cash loan payout limit in a letter. As reported by Reuters, RBI has asked NBFCs ...
New Delhi, May 9 (PTI) The Reserve Bank has asked NBFC firms not to disburse cash component in excess of Rs 20,000 on loans against gold in line with the Income Tax laws. In an advisory issued to ...
India's central bank on Wednesday warned some non-bank lenders against disbursing cash loans in excess of the permissible limit of 20,000 rupees ($240), according to two sources and a letter seen by ...
In an advisory issued to gold loan financiers and microfinance entities earlier this week, the Reserve Bank of India has advised them to follow Section 269SS of the Income Tax Act. Section 269SS of ...