Allow NBFCs to access UPI payments platform: FIDC urges Finmin
FIDC suggests allowing NBFCs in UPI network for 'Credit on UPI', boosting competition, improving services, and reducing costs.
Source: thehindubusinessline.com
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Tata Group approaches RBI to seek regulatory waiver to avoid listing as NBFC: Report
The RBI circular dated October 22, 2021, directed that NBFC-UL should be mandatorily listed within 3 years of identification as NBFC-UL. The central bank classified Tata Sons as an “upper layer” NBFC in 2022.
Source: businesstoday.in
Bajaj Finance arm Bajaj Housing Finance picks Kotak, Axis, BofA, JM Fin and SBI Caps for mega IPO
This move marks the Bajaj Group's return to the public market after many years. The Board will meet on April 24 to address listing requirements.
Source: moneycontrol.com
Bajaj Finance arm Bajaj Housing Finance starts preparation for IPO targeting $9bn-$10bn valuation
On September 30, 2022, the RBI released a list of 16 NBFCs categorised as 'upper layer' under the regulator's scale-based rules for non-bank lenders. These entities are required to be listed within three years of identification
Source: moneycontrol.com
Bajaj Housing Finance to hop onto IPO bus? Company eyeing $10 billion in valuation
The move is line with the RBI directive for 'upper layer' NBFCs to list within three years of being notified.
Source: businesstoday.in