News from Budgets

P2P firms seek RBI relaxation on lending limit

2 days ago

At 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 ago

The currency has shown a tendency to flip directions after polls have been completed, according to a...

history | elections | hangover |

United Bank of India cuts MCLR by 5 basis points, effective Thursday

2 days ago

One-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 ago

Until 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 ago

Sixty-nine firms of the group have been classified under categories based on their ability to servic...

NPAs | loans | banks | flag | NCLAT | Default | Bad | RBI |

Can't absolve banks' obligation to declare bad loans: RBI to NCLAT

3 days ago

Sixty-nine firms of the group have been classified under categories based on their ability to servic...

RBI | NCLAT | Declare | banks | loans | Bad |

Revival in investor sentiment for NBFCs may be a long-drawn process

3 days ago

Liquidity has improved, but 20 out of 24 NBFC stocks are staring at an over five per cent reduction...

Revival | investor | drawn | sentiment | NBFCs | process |

Rupee opens 7 paise lower at 69.49 against US dollar

4 days ago

The domestic unit declined by 25 paise to close at 69.42 on Monday as forex traders turned cautious...

dollar | opens | paise |

Creditors recover nearly half of total claims of Rs 1.42 trn, shows data

5 days ago

Affidavit by IBBI filed in NCLAT shows data of 88 successful CIRP

creditors | Half | trn | recover |

Unsecured lending categories grew at 31.3% in 2018, says CIBIL report

6 days ago

All 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 ago

Das 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 ago

Mutual funds and institutional investors are still wary of lending to non-bank financiers, and tight...

shadow | Public | mess | FS | options | banks | bonds |

Rupee opens 12 paise lower at 69.04 against US dollar

1 week ago

The domestic unit on Thursday climbed 19 paise to close at 68.92, also marking a third straight sess...

dollar | paise | opens |

Bank credit growth loses momentum, up 13.24% to Rs 97.67 trillion

1 week ago

In the year-ago fortnight, deposits were at Rs 114.26 trillion and advances at Rs 86.25 trillion

credit | momentum | Bank | trillion |

SBI Managing Director who merged 10 state lenders sees more on the cards

1 week ago

He 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 ago

The domestic unit advanced 19 paise on Wednesday to close at 69.11 on strong foreign fund inflows am...

paise | dollar | slips |

Rupee opens flat at 69.28 against US dollar

1 week ago

The domestic currency snapped its three-day losing streak in the previous session and rose 37 paise...

dollar | opens | flat |

IOB reduces lending rate of 1-year loans by a marginal 5 bps to 8.65%

1 week ago

Indian Overseas Bank is the second state-run lender to reduce MCLR following a second consecutive 25...

rate | marginal | loans | reduces | bps | IOB | Lending |

State Bank of India cuts MCLR by 5 bps, home loans cheaper by 10 bps

1 week ago

One-year MCLR will be 8.50% per annum (pa). The interest rates on all loans linked to MCLR stand red...

MCLR | Bank | loans | bps | Cheaper |

Retail loan growth slows in Q4CY18: CIBIL

1 week ago

While the pace of growth of retail loans has slowed, the demand for credit products has accelerated...

loan | retail | Slows |