News from Budgets
P2P firms seek RBI relaxation on lending limit
2 days agoAt present, borrowing from the P2P platform by a single entity is also limited to Rs 10 lakh. Most...
Relaxation | RBI | Lending | firms | Limit |
History suggests rupee is set for a hangover post 2019 Lok Sabha elections
2 days agoThe currency has shown a tendency to flip directions after polls have been completed, according to a...
United Bank of India cuts MCLR by 5 basis points, effective Thursday
2 days agoOne-year marginal cost of funds-based lending rate (MCLR) has been reduced to 8.80 per cent from 8.8...
MCLR | United | Basis | Points | effective | Bank | Thursday |
RBI's stand on IL&FS exposure spells trouble for banks, NBFCs
2 days agoUntil now banks and NBFCs have provided for the exposure on a voluntary basis, now they may have to...
trouble | exposure | Stand | banks | RBI | spells | NBFCs | FS |
Banks must flag bad loans as NPAs after 90-day default: RBI to NCLAT
3 days agoSixty-nine firms of the group have been classified under categories based on their ability to servic...
Can't absolve banks' obligation to declare bad loans: RBI to NCLAT
3 days agoSixty-nine firms of the group have been classified under categories based on their ability to servic...
Revival in investor sentiment for NBFCs may be a long-drawn process
3 days agoLiquidity has improved, but 20 out of 24 NBFC stocks are staring at an over five per cent reduction...
Rupee opens 7 paise lower at 69.49 against US dollar
4 days agoThe domestic unit declined by 25 paise to close at 69.42 on Monday as forex traders turned cautious...
Creditors recover nearly half of total claims of Rs 1.42 trn, shows data
5 days agoAffidavit by IBBI filed in NCLAT shows data of 88 successful CIRP
Unsecured lending categories grew at 31.3% in 2018, says CIBIL report
6 days agoAll major consumer lending products experienced double-digit percentage growth
Categories | Lending | Unsecured | grew |
EMs risk breaking out of the hegemony of dominant currencies: RBI Governor
1 week agoDas was speaking at the IMF's 'Governor Talks' programme at the International Monetary Fund-World Ba...
Dominant | Governor | currencies | breaking | RBI |
IL&FS mess: India's shadow banks run out of options, sell bonds to public
1 week agoMutual funds and institutional investors are still wary of lending to non-bank financiers, and tight...
Rupee opens 12 paise lower at 69.04 against US dollar
1 week agoThe domestic unit on Thursday climbed 19 paise to close at 68.92, also marking a third straight sess...
Bank credit growth loses momentum, up 13.24% to Rs 97.67 trillion
1 week agoIn the year-ago fortnight, deposits were at Rs 114.26 trillion and advances at Rs 86.25 trillion
SBI Managing Director who merged 10 state lenders sees more on the cards
1 week agoHe said many lenders are operating at a 'sub-optimal' level, reflecting how India has the lowest con...
director | SBI | cards | Merged | managing | lenders | sees |
Rupee slips 10 paise at open to 69.21 against US dollar
1 week agoThe domestic unit advanced 19 paise on Wednesday to close at 69.11 on strong foreign fund inflows am...
Rupee opens flat at 69.28 against US dollar
1 week agoThe domestic currency snapped its three-day losing streak in the previous session and rose 37 paise...
IOB reduces lending rate of 1-year loans by a marginal 5 bps to 8.65%
1 week agoIndian Overseas Bank is the second state-run lender to reduce MCLR following a second consecutive 25...
State Bank of India cuts MCLR by 5 bps, home loans cheaper by 10 bps
1 week agoOne-year MCLR will be 8.50% per annum (pa). The interest rates on all loans linked to MCLR stand red...
Retail loan growth slows in Q4CY18: CIBIL
1 week agoWhile the pace of growth of retail loans has slowed, the demand for credit products has accelerated...