India cenbank bars four non-banks from fresh lending for breaching norms

By Swati Bhat and Siddhi Nayak MUMBAI (Reuters) -India’s central bank barred four non-bank finance companies (NBFCs) from sanctioning and disbursing loans due to “usurious” pricing and for charging a significant mark-up over their funding costs, it said in a release on Thursday. The restrictions on Asirvad Micro Finance, Arohan Financial Services, DMI Finance and …

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Russia expects Raiffeisen, UniCredit subsidiaries to help launch digital rouble

SOCHI, Russia (Reuters) – Russia expects the local subsidiaries of European banks Raiffeisen Bank International (RBI) and UniCredit to participate in the mass launch of the digital rouble in July 2025 or face potential fines, the central bank said on Thursday. Austria’s RBI and Italy’s UniCredit are two of Russia’s 13 systemically important banks but …

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Northvolt co-founder, Swedish funds may inject cash, broadcaster reports

COPENHAGEN (Reuters) -A co-founder of struggling Swedish battery maker Northvolt is willing to inject 100 million crowns ($9.50 million) in the group and may be joined by pension funds AMF and AP, broadcaster SVT reported late on Wednesday, citing unnamed sources. Northvolt is in talks with investors and lenders to secure short-term funding of some …

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