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Big NBFCs Can Enter Banking Space With Proper Guardrails
The New Indian Express Mangaluru
|July 26, 2025
In a major break from the past, the Reserve Bank Governor Sanjay Malhotra on Friday said large non-bank finance companies can enter banking provided enough guardrails are put in place.
Existing norms don't allow NBFC-promoted business groups or corporates directly to convert themselves into banks or enter the banking space even though they are eligible to become small finance banks or payment banks under stringent eligibility norms. In a fireside chat at the Financial Express-organised BFSI summit here on Friday, the governor said, "RBI has a cautiously open approach to the evolving financial landscape."
Denne historien er fra July 26, 2025-utgaven av The New Indian Express Mangaluru.
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FLERE HISTORIER FRA The New Indian Express Mangaluru
The New Indian Express Mangaluru
High on drugs, Indian-origin truck driver kills three in US crash; held
A 21-year-old Indian-origin truck driver, Jashanpreet Singh, who had reportedly entered the US illegally in 2022, has been arrested for causing a semi-truck crash in California's Ontario that snuffed out three lives and injured at least four other people on Tuesday.
1 mins
October 24, 2025
The New Indian Express Mangaluru
AI faces 250 seat faults a month
AN average of 250 passenger seats on Air India flights develop faults every month, posing persistent challenge for the Tata group as it works to modernise the ageing fleet it acquired from the government in January 2022.
1 min
October 24, 2025
The New Indian Express Mangaluru
U’khand village puts cap on wedding expenses
TO curb the rising expenses and the culture of showiness at social ceremonies, the residents of Kandhar village in Uttarakhand's tribal region of Jaunsar-Bawar have passed a social bylaw limiting the gold jewellery married women can wear at weddings and family functions.
1 mins
October 24, 2025
The New Indian Express Mangaluru
321kg gold smuggled through 7 main routes seized in 10 months, says DRI
THE Directorate of Revenue Intelligence (DRI) has uncovered an increasingly sophisticated gold smuggling operation spanning continents. Between January and October this year, DRI intercepted and seized around 321kg of smuggled gold, valued at ₹406.35 crore.
1 mins
October 24, 2025
The New Indian Express Mangaluru
TAKE AI’S HELP FOR SPEEDY JUSTICE
EW phrases encapsulate the despair of the Indian litigant more powerfully than Sunny Deol's anguished outburst in Damini: \"Tareekh pe tareekh\" (hearing after hearing).
3 mins
October 24, 2025
The New Indian Express Mangaluru
'Abhay' for anonymity: How Maoists evade police action
ENGLISH playwright William Shakespeare wrote in Romeo and Juliet, \"What's in a name?\" For the outlawed CPI (Maoist), the answer is everything. Names, often assumed or symbolic, are a tool of survival, strategy, and connection with the communities in which they operate.
1 mins
October 24, 2025
The New Indian Express Mangaluru
Trump factor leads PM to duck Malaysia trip, says Cong
THE Congress on Thursday claimed that the reason for Prime Minister Narendra Modi not travelling to Malaysia for the Asean summit was that he does not want to be cornered by US President Donald Trump.
1 mins
October 24, 2025
The New Indian Express Mangaluru
SIT questions four in connection with voters’ name deletion in Aland
IN a significant step, the Special Investigation Team (SIT), for the first time, has detained four data centre operators in connection with illegal deletion of names from voters' list in Aland Assembly constituency in the run up to the elections in 2023.
1 min
October 24, 2025
The New Indian Express Mangaluru
Yathindra for Satish Jarkiholi as Siddu heir
AMID the intense power-sharing tussle within the Karnataka Congress, Chief Minister Siddaramaiah’s son Yathindra Siddaramaiah has set off a political tremor by openly hinting that PWD Minister Satish Jarkiholi could succeed his father.
1 min
October 24, 2025
The New Indian Express Mangaluru
Kohli’s twin failures, Sharma’s fifty talking points in India’s loss
IT'S hard to find context in an ODI bilateral series with no major events scheduled in that format for the next two years.
3 mins
October 24, 2025
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