Showing results for "#NBFC"
Tougher unsecured loan norms for sustainability: RBI Guv
The ‘preemptive’ move has left out vehicle, home loans and lending to small businesses due to the growth benefit such segments portend
RBI jacks up risk weightage to 125% on consumer credit of banks, NBFCs
16 Nov 2023 8:22 PM ISTAs per extant instructions, credit card receivables of scheduled commercial banks (SCBs) attract a risk weight of 125 per cent while that of NBFCs...
RBI: Recovery agents can’t call borrowers before 8 am, after 7 pm
27 Oct 2023 5:00 AM ISTThe draft said REs should put in place a board-approved code of conduct for Direct Sales Agents (DSA)/ Direct Marketing Agents (DMA)/ Recovery Agents...
RBI’s intervention in unsecured loans could hurt growth of banks,...
16 Oct 2023 2:22 PM ISTPost Covid-19, most lenders have turned pro-risk and, in the quest to accelerate growth/profitability, are chasing unsecured loan growth, including...
Exposure of banks’ mutual funds to NBFCs increased in August: CARE...
4 Oct 2023 5:15 PM ISTAccording to CARE Ratings, the credit exposure of banks to NBFCs stood at Rs. 13.8 lakh crore in August 2023, indicating a 25.8 per cent year-on-year...
IIFL Finance to open 40+ branches in TN; hire 250+ people
16 Sept 2023 8:45 AM ISTAs per World Gold Council, south dominates Indian gold jewellery consumption, accounting for 40% of the country’s total jewellery demand.
RBI issues new guidelines for fair lending practices: check details
18 Aug 2023 11:12 AM ISTThe RBI said that many entities regulated by it use penal rates of interest, over and above the applicable interest rates.
Sachin Bansal-Led Navi Technologies lays off 200 employees
13 July 2023 3:45 PM ISTSachin Bansal-led fintech startup Navi Technologies has reportedly laid off nearly 200 employees across multiple departments.