FIDC

Permit NBFCs to entry UPI funds platform: FIDC urges Finmin

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The Finance Business Growth Council (FIDC) has urged permitting non-banking finance firms (NBFCs) membership within the Unified Cost Interface (UPI) community in order to supply ‘Credit score on UPI’ to their prospects.  This consultant physique of NBFCs has additionally urged the Finance Ministry’s Division of Monetary Companies (DFS) to allow NBFCs to entry overdraft amenities … Read more

FIDC to arrange mannequin code of conduct for NBFCs

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The Finance Business Growth Council (FIDC) mentioned it is going to proceed its endeavour to behave as an trade watchdog to forestall, cut back, and proper cases of questionable enterprise practices by means of persuasion and consensus-building amongst member NBFCs. The Council, which is a consultant physique of the RBI-registered NBFCs, underscored in its Imaginative … Read more