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Anand Adhikari
New Delhi, October 20, 2020
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


PTI
October 20, 2020
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


BusinessToday.In
October 19, 2020
The move to revive and operate the airline comes after the carrier had to suspend operations due to acute fund crunch an year ago


PTI
October 18, 2020
In November last year, the Reserve Bank referred DHFL, the third largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings


BusinessToday.In
October 17, 2020
Resolution professional Ashish Chhawchharia is in the process of filing an application to secure NCLT's approval for the resolution plan by Kalrock Capital-Murari Lal Jalan combine


Anand Adhikari
October 16, 2020
The Group with exposure to real estate, construction and infrastructure sector, is in need of funds for repayment of debt, completion of projects and growth


BusinessToday.In
October 16, 2020
In the banking sector, Uday Kotak said it is 'ripe for significant structural change'. According to Kotak, the market share of private sector banks in India will rise to about 50 per cent from the current 35 per cent over the next decade


Reuters
October 16, 2020
Speaking at a news conference after a meeting of the IMF's steering committee, Georgieva also called on the United States and China to keep up strong economic stimulus that could help boost a global recovery


Khyati Dharamsi
New Delhi, October 15, 2020
You may consider taking on debt due to low interest rates, even in these uncertain times. The question is how much and in what ways


Joe C Mathew
October 15, 2020
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


PTI
October 14, 2020
Loans against property will also be eligible for recast if they don't fall under the personal loan category


Mansi Jaswal
October 13, 2020
In terms of tax benefits, there are not any exclusive schemes for women. Any individual can claim up to Rs 2 lakh as a tax deduction for interest paid on a home loan. In respect of principal repayment, an individual can claim a deduction up to Rs 1.5 lakh on a self occupied property


BusinessToday.In
October 13, 2020
In a statement released on Tuesday morning, SBI expressed regret over the inconvenience caused to customers and assured that normal services will resume soon


BusinessToday.In
October 12, 2020
The court has asked the lenders for their opinion on a plea by the younger Ambani brother requesting them to be included in his challenge to a separate bankruptcy case against him in India


Madhusudan Ekambaram
October 12, 2020
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


BusinessToday.In
October 9, 2020
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


BusinessToday.In
October 8, 2020
Jet Airways insolvency: The airline stated that the committee of creditors has not yet concluded the e-voting process under Section 30 (4) of the Insolvency and Bankruptcy Code


Reuters
October 8, 2020
The hefty penalty follows renewed public and regulatory scrutiny of Citi's operations after an \"error\" led the bank to mistakenly send Revlon creditors $900 million of its own funds in August


Delano Furtado | Nistha Sonee | Jagata Swaminathan
October 7, 2020
Whether the ensuing corporate tussle between the Tata Group and the SP Group will see the SC uphold the rights of a shareholder to pledge their shareholding or from being forced out by the majority, remains to be seen


Nevin John
October 7, 2020
\"No funds whatsoever were provided by Mukesh Ambani to Anil Ambani in a personal capacity, nor was there any gift,\" says Anil Ambani's spokesperson


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