The credit card outstanding data released by the RBI had also indicated a cautious approach. There is a negative growth of 3 per cent in the first five months of 2020-21 with credit card outstanding at Rs 1.04 lakh crore

Extending the benefits of interest waiver to all borrowers also allays feeling of unfair treatment that borrowers could have otherwise harboured, CRISIL said

Stocks to watch today on October 22: HDFC, UltraTech Cement, Bajaj Finserv, Zee Entertainment, RIL among others are the top stocks to watch out for in Thursday's trading session

The move to raise global money not only diversifies the liabilities mix in the balance sheet but also reduces the cost of funds

The new age  NBFCs like lending Fintechs and  Peer 2 Peer  lenders ,which are serving the under-served and unbanked customers,need a further strengthening of regulations in the light of new business challenges thrown up by the Covid -19. Few months ago, the RBI had raised a red flag citing some malpractices like charging exorbitant interest rates , harsh recovery methods by using social media tools and unauthorised use of customers personal data. Post the pandemic, the problems of new age NBFCs have only compounded because of drying up of funding sources and the unsecured nature of loans and risky non salaried customers. A comprehensive review of operations of these new age NBFCs will certainly provide key sights on how these models are working , their credit appraisal system , the gaps in risk management , level of auditing , compliance culture and the governance framework. In fact, a timely intervention by the RBI will be good for the growth of new age NBFCs and also the financial system. Watch as Anand Adhikari, Executive Editor, Business Today, explains. Read more: Wait till Q4! RBI Governor Das sees light at the end of the tunnel for economyAlso watch: First big step in creating 'Too Big To Fail' framework for LIC, GIC Re and New India

The valuation of these projects including Juhu Galli project and Irla project are about Rs 43,879 crore that to at a 15 per cent lesser market value

FD interest rates vary from bank to bank depending on their tenure, amount, and type of depositor. Thus, it is always advisable to compare them before investing

Flipkart Big Billion Days 2020 sale: Flipkart is offering a slew of discounts on Vivo, Samsung, Apple, Redmi, Motorala, Poco, and Realme phones. Laptops, headphones and speakers are up for grabs too

Flipkart has given its customers the option to pre-book the products at only Rs 1, while the balance amount can be paid on October 16, the Walmart-owned e-commerce giant's official sale date

According  to the report, the scheme prompted public sector banks to disburse 2.6 times higher loan amount to MSMEs in June 2020 over February 2020

COVID-19 vaccine: Bharat Biotech fast-tracks Covaxin's trials, halves Phase 2 test sizeAs part of its effort to fast-track COVID-19 vaccine development, Hyderabad-based Bharat Biotech has cut the size of Phase 2 clinical trials of its indigenous coronavirus vaccine Covaxin by half. The vaccine, which Bharat Biotech is developing in collaboration with the country's apex medical research body - Indian Council of Medical Research (ICMR), will now be tested on 380 healthy volunteers in phase 2 a...

Flipkart is ramping up its fintech constructs so that consumers across the country can avail the benefits of easy accessibility to credit and affordability options

Loans against property will also be eligible for recast if they don't fall under the personal loan category

In the post-pandemic era, lenders will increasingly become more conservative, despite a growth in the demand for credit from both retail and institutional customers like SMEs and MSMEs

For the second time in a row, RBI maintained status quo in the face of high inflation, and left the repo rate unchanged but maintained an accommodative stance

Stock Market News Updates Today:Tata Steel, followed by Bharti Airtel, L&T, M&M, Bajaj Finance and HDFC were among the top gainers today. On the other hand, HUL, Reliance Industries, TCS, Nestle India and Tech Mahindra were among the top laggards

Under the partnership, HUL's retailers who use the company's Shikhar app will be able to avail of credit facility for payments to distributors through an integration with State Bank of India's (SBI) Yono app

According to the SBI Research report, the country's nominal GDP growth is expected to decline below the FY19 levels this year

This negative tag would come in the way of taking other loans from banks and NBFCS. In fact, the banks would be a bit skeptical in lending to such customers, or will ask for additional collateral, or provide a reduced limit

The six-member Monetary Policy Committee (MPC) headed by RBI Governor is scheduled to meet for three days starting September 29