RBI upper layer NBFC list for FY2026–27 has 17 entities, with REC, PFC, IRFC and HUDCO added. Check key facts, framework and exam points. RBI Announces New Upper Layer NBFC List for FY2026–27 The Reserve Bank of India (RBI) has expanded the list of Non-Banking Financial Companies classified under the Upper Layer (NBFC-UL) to 17…
Axis Finance Drishti platform is transforming MSME and retail lending with AI-driven credit decision-making, Business Rules Engine (BRE), automated underwriting, and faster loan approvals. Learn its features, importance, and exam relevance for UPSC, Banking, SSC, RBI Grade B, and State PCS aspirants. Introduction Axis Finance Limited (AFL), a leading Non-Banking Financial Company (NBFC) and subsidiary…
RBI Integrated Ombudsman Scheme 2026 explained with its key features, complaint process, objectives, benefits, historical background, FAQs, MCQs, and important points for UPSC, SSC, Banking, Railways, Defence, and State PSC examinations. Introduction The Reserve Bank of India (RBI) has introduced the Reserve Bank – Integrated Ombudsman Scheme, which came into effect on 1 July. The…
RBI revised Scale-Based Regulation Framework for NBFCs introduces stricter oversight for large NBFCs, automatic Upper Layer classification, governance reforms, and revised exposure norms. Learn key facts, importance, and exam-focused notes for UPSC, Banking, SSC, Railways, and State PSC exams. Introduction The Reserve Bank of India (RBI) has introduced significant changes to its Scale-Based Regulation (SBR)…
MobiKwik NBFC approval RBI marks a major step in India’s fintech growth. Learn how digital lending expansion will impact financial inclusion, banking exams, and the economy. MobiKwik Receives RBI NBFC Approval, Set to Enter Digital Lending Space Introduction: A Major Milestone in India’s Fintech Sector Indian fintech company MobiKwik has achieved a significant regulatory breakthrough…
RBI Bars Navi Finserv and Three Other NBFCs for Lending Violations The Reserve Bank of India (RBI) has taken decisive action against Navi Finserv and three other Non-Banking Financial Companies (NBFCs) for significant violations of lending norms. This move highlights the RBI’s commitment to maintaining the integrity of the financial sector and ensuring compliance with…
RBI Imposes Rs. 3.1 Lakh Penalty on Hero FinCorp for Fair Practices Code Violation Overview of the Incident The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 3.1 lakh on Hero FinCorp Limited. The fine was levied due to the company’s failure to adhere to the Fair Practices Code (FPC) guidelines…
RBI Cancels AceMoney India NBFC License for Irregular Lending Practices The Reserve Bank of India (RBI) has taken stringent action against AceMoney India, a Non-Banking Financial Company (NBFC), by revoking its license due to irregular lending practices. The move comes in response to AceMoney India’s failure to comply with regulatory guidelines and norms set by…
NeoBank Jupiter Secures NBFC Licence Neobank Jupiter has received a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI). The Mumbai-based company is one of the few Indian fintechs to have acquired an NBFC license. Jupiter was launched in 2019 by Jitendra Gupta, who had previously co-founded Citrus Pay and served as…
