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Five NBFCs plan to raise Rs 2,750 crore through public issue of bonds

On the private placement front, Shreshta Infra Projects Pvt Ltd will raise funds worth Rs 350 crore through bonds maturing in 41 months and 15 days.

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5 NBFCs line up NCD issuances aggregating ₹2,750 crore - The Hindu BusinessLine

5 NBFCs line up NCD issuances aggregating ₹2,750 crore - The Hindu BusinessLine
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RBI Imposes Rs1 25 Crore Penalty on Punjab National Bank, Federal Bank, Mercedes-Benz Financial Services and Kosamattam Finance

The Reserve Bank of India (RBI) has slapped fines of Rs1.25 crore on Punjab National Bank (PNB), Federal Bank Ltd and two non-banking finance compaies (NBFCs) Mercedes-Benz Financial Services India Pvt Ltd formerly known as Daimler Financial Services India Pvt Ltd from Maharashtra and Kosamattam Finance Ltd.

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RBI Fines PNB, Federal Bank, Mercedes Financial Services For Breach Of Rules

RBI Fines PNB, Federal Bank, Mercedes Financial Services For Breach Of Rules
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RBI imposes monetary penalty on PNB, Federal Bank, and two NBFCs

The penalty was imposed on Punjab National Bank due to several violations, including levying SMS charges on certain accounts despite maintaining invalid mobile numbers in the Core Banking Solution (CBS), not strictly adhering to the interest rates as per the pre-disclosed schedule in several term deposit accounts, and failing to specify the interest reset date in MCLR-linked loans.

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