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Total 1707 results found. Search for [ rbi lending rates ]

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Anand Adhikari
New Delhi, January 27, 2021
For the first time , the Fintech industry  which is offering small ticket size loans digitally  has  come under the scanner of the RBI for unhealthy lending practices in the market. The rise of instant loan app platforms has also encouraged many  unregulated entities , which are not registered with RBI as NBFCs to take  advantage of the small Borrowers. There are many apps that have tie-up with banks and NBFCs for loans. In  fact , the  casual approach of some of the regulated players is also responsible for  these bad practices.  The recent instances of borrowers committing  suicide has already forced the  RBI to set up a working group to study the issues like consumer protection , data privacy, charging high interest rates, and  harsh recovery methods. The Government and regulators have to monitor the space more closely to plug the regulatory gaps and  keep strengthening the regulations time and again. Digital lending is the future for serving the under - banked and under -served customers both in metros and rural areas. Anand Adhikari, Executive Editor, Business Today, explains more. Major risks that can disrupt the stock rally, bring down the market


PTI
January 16, 2021
On the positive side, BofA Securities said credit demand is bottoming out and the real lending rates adjusted for wholesale price inflation are falling


BusinessToday.In
January 15, 2021
The instant loan apps offer loans to individuals and levy exorbitant interest rates and processing charges. These could range from 2-3 per cent per month, adding up to an average of 24-36 per cent a year


PTI
January 15, 2021
Rating agency Icra gave a \"stable\" outlook for the sector, whose size is pegged at over $180 billion by industry lobby Nasscom, including the business process outsourcing business


BusinessToday.In
January 8, 2021
Three NBFCs whose registrations were cancelled are UP-based Abhinav Hire Purchase, Gurugram-based Jupiter Management Services and Assam-based NE Leasing and Finance


Dhruv Agarwala
January 3, 2021
How the budget pans out for the real estate sector, only time will tell, but one thing is for sure, strong fundamentals are vital for the revival of housing demand


PTI
January 2, 2021
Credit growth for metropolitan branches, which have major share in bank credit, decelerated to 3.3 per cent year-on-year in September 2020 quarter as compared to 4.7 per cent in April-June


Anand Adhikari
December 29, 2020
The reason being lifting of the loan moratorium, closure of restructuring window soon and the possible lifting of asset quality standstill, which actually saved the banks so far from higher provisioning because of COVID-19 relief


Naveen Kumar
New Delhi, December 24, 2020
Complete digitisation of loan disbursal and repayment processes to become reality soon


Anand Adhikari
New Delhi, December 24, 2020
After using technology to transform Indian banking and steering Infosys past its biggest crisis, K.V. Kamath, former Chairman, ICICI Bank, helped multilateral lender New Development Bank scale up massively during his five-year stint


Anand Adhikari
New Delhi, December 24, 2020
The 70-year-old Aditya Puri, who spent over two-and-a-half decades as CEO & MD, banked on risk mitigation, technology and retail/rural outreach to create India's second-largest bank from scratch


BusinessToday.In
December 23, 2020
Such unauthorised digital lending platforms or mobile apps are demanding excessive rates of interest and additional hidden charges from borrowers. They are also adopting unacceptable and high-handed recovery methods, says RBI


BusinessToday.In
December 21, 2020
India Stock Market Highlights Today: Global equities were bearish today as coronavirus infections increased in parts of North Asia, such as Japan and South Korea, and weighed on investor sentiment. European countries have banned flights from the UK as the British government began emergency lockdown on Sunday, over fear of new virus strain.


BusinessToday.In
December 7, 2020
Sensex, Nifty updates on December 7:   During the session, Sensex gained 339 points to 45,418 and Nifty rose 96 points to 13,354.


Chitranjan Kumar
December 4, 2020
The RBI continues to be in wait and watch mode as there is very limited scope on what monetary policy can achieve given GDP in contraction mode and inflation risk on upside, says economists at State Bank of India 


BusinessToday.In
December 4, 2020
During the session, Sensex touched a lifetime high of 45,148 and Nifty hit an all-time high of 13,280. During the week, Sensex and Nifty have risen 929 points or 2.1% and 289 points or 2.23%, respectively.


BusinessToday.In
December 4, 2020
The domestic unit opened at 73.81 per US dollar at the interbank forex market and gained 16 paise to 73.77 against the greenback over its previous close


BusinessToday.In
December 4, 2020
Das says COVID-19 broke out even as the world was gripped by a synchronised slowdown in activity, which made the agony even more excruciating; adds RBI's role as debt manager and banker to government was tested to the hilt in 2020


BusinessToday.In
December 4, 2020
RBI Governor Shaktikanta Das says MPC voted unanimously to keep policy repo rate unchanged at 4 per cent; changes its FY21 real GDP target to 7.5 per cent as compared to 9.5% contraction projected earlier


BusinessToday.In
December 4, 2020
India Stock Market Highlights Today: During the session, Sensex touched a lifetime high of 45,148 and Nifty hit an all-time high of 13,280


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