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Reuters
August 22, 2019
The Securities and Exchange Board of India (SEBI) said it enabled rating agencies to get \"explicit consent\" from clients in rating agreements to secure details on debt repayments and any delays or defaults from lenders or other organisations


Reuters
Mumbai, August 21, 2019
The Reserve Bank of India (RBI) lowered its benchmark interest rates for a fourth straight meeting this month with a slightly bigger than expected cut, underscoring its worries about the near-five year low economic growth pace


PTI
August 21, 2019
The maximum permissible limit for a transaction under the e-mandate facility on cards would be Rs 2,000


PTI
August 21, 2019



PTI
August 21, 2019



PTI
August 21, 2019



Anand Adhikari
August 21, 2019
Earlier this month, the RBI cut repo rate by another 35 basis points to 5.4 per cent, taking the total repo rate reduction to 110 basis points. While new borrowers did get advantage of lower rates, existing borrowers have been left out


PTI
New Delhi, August 21, 2019
SBI has stitched a co-origination agreement to finance small businesses--which used to be a major customer-base for the crippled financiers


BusinessToday.In
New Delhi, August 21, 2019
INX Media case: CBI officials at P Chidambaram's house after Delhi HC dismisses anticipatory bail pleaThe INX media case is again in the spotlight. A team of CBI officials reached the residence of former Finance Minister P Chidambaram. Earlier yesterday, the Delhi High Court dismissed the Congress leader's anticipatory bail plea. The leader and his counsels are planning to approach the Supreme Court over the order. The team left moments after it had arrived as the senior Congress ...


Reuters
New York, August 21, 2019
The virtual credit card, which officially launched to all U.S. customers, is Goldman's first


Reuters
Mumbai, August 21, 2019
India's credit card market is still small in comparison to its debit card market. The latest data from May showed 48.9 million credit card users in the country, compared with some 825 million with debit cards


PTI
August 20, 2019
Currently, the 'psbloansin59minutes' portal gives in-principle approval for loans of up to Rs 1 crore to micro, small and medium enterprises (MSMEs) in just 59 minutes or less than an hour


PTI
August 20, 2019
Amid concerns over banks citing 'client confidentiality' to resist sharing of information on delayed loan repayments and possible defaults by their borrowers, SEBI is planning to tighten its norms to make it mandatory for companies to provide these details to credit rating agencies


BusinessToday.In
August 20, 2019
The largest lender in India is providing several benefits on auto loan, personal loan, home loan and education loan ahead of festive season


BusinessToday.In
New Delhi, August 20, 2019
SBI wants to eliminate debit cards: In the next five years, there will be a limited need to have any plastic cards in your pocket, Chairman Rajnish Kumar said.


BusinessToday.In
New Delhi, August 20, 2019
ED arrests Kamal Nath's nephew Ratul Puri in Rs 354 crore bank fraud caseThe Enforcement Directorate (ED) has arrested Ratul Puri, MP Chief Minister Kamal Nath's nephew, in connection with a Rs 354 crore bank fraud case. The ED arrested Puri, the former executive director of Moser Baer, after the Central Bureau of Investigation (CBI) last week filed an FIR against him, his father and Moser Baer Managing Director Deepak Puri, Directors Nita Puri (Ratul's mother and Kamal Nath's sis...


Reuters
New Delhi, August 20, 2019
Last month, FM Sitharaman said that businesses with annual turnover of 500 million rupees will not have to pay a merchant discount rate on debit card


BusinessToday.In
New Delhi, August 19, 2019
CARE Ratings has downgraded ratings on the long-term bank facilities of Tata Motors to 'AA-/Negative' from 'AA/Stable', but reaffirmed rating on short term bank facility and commercial paper at 'A1+'


PTI
August 19, 2019



BusinessToday.In
New Delhi, August 19, 2019
RBI Governor Shaktikanta Das said that the central bank is keeping a close eye on the interconnectedness of banks and NBFCs and reiterated that the monetary authority will not let any of the top 50-odd NBFCs to fail


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