IIFL Finance’s Saurabh Kumar Stepped Down As Business Head
Saurabh Kumar, Senior Management Personnel of IIFL Finance Limited, has stepped down as Business Head—Gold Loans and has moved into a leadership role within the group, effective October 14, 2024.
RBI Approves Reappointment Of V. Vaidyanathan As MD & CEO Of IDFC First Bank
On September 19, the Reserve Bank of India (RBI) granted its approval for the reappointment of V. Vaidyanathan as Managing Director and Chief Executive Officer (MD & CEO) of IDFC First Bank Limited for three years, effective December 19, 2024.
NFRA Advances Auditing Reforms with ISA 600 Adoption; ICAI Revises Quality Management Standards
After months of deliberation, the National Financial Reporting Authority (NFRA) announced on Monday its decision to adopt the International Standard on Auditing 600 (ISA 600) for all listed companies, with the exception of public sector companies, state-run banks, and their branches.
NBFCs should prioritise compliance, risk, and liquidity :RBI
Non-banking finance companies (NBFCs) should prioritise compliance, risk management, liquidity management, and customer protection, according to R. Lakshmi Kanth Rao, Executive Director of the Reserve Bank of India (RBI).
Fifteen NBFCs have surrendered Registration certificates to RBI
According to the Reserve Bank of India (RBI), 15 NBFCs have surrendered their registration certificates for a variety of reasons, including Tata Capital Financial Services and Revolving Investments.
RBI Amends Guidelines on operational risk, Includes NBFCs
On Tuesday, the Reserve Bank of India (RBI) revised its "guidance note" regarding the operational risk management framework of lenders, encompassing a wider range of lenders, including Cooperative Banks and Non-Banking Financial Companies (NBFCs).
