Unsecured personal loans have jumped more than four-fold to Rs 13.32 lakh crore as of March 2023 from Rs 4.26 lakh crore in March 2017, as per a report....
Reserve Bank of India (RBI) will launch a pilot project on the Public Tech Platform for frictionless credit on Thursday, August 17. This action aims to quickly enable credit or loans by giving lenders access to digital information. The Reserve Bank ...
The borrower will soon get compensation for the delay in correction of credit report. The RBI has suggested enhancing the borrowers' grievance redressal process. The idea is to create a system of compensation for clients who experience delays in the updating ...
Union Minister of State for Finance Bhagwat Karad on Wednesday said small businesses run by women are impacted disproportionately by credit constraints. After inaugurating the first meeting of the G-20 working group on trade and investment, the minister said that women ...
Deutsche Bank shares dropped more than 13% on Friday morning as worries about the stability of European banks persisted. This came after a spike in credit default swap prices on Thursday night. The shares of the German lender fell ...
Bankers are "highly optimistic" about credit demand across all the main sectors in the short term, a RBI survey of lenders said on Friday. After sagging for the last two years, the non-food credit growth has been hovering above 15 per ...
Union Finance Minister Nirmala Sitharaman is scheduled to participate in a credit outreach program here on Sunday, an official statement said. The finance minister and Lok Sabha Speaker Om Birla, who is also the MP from Kota - Bundi, will distribute ...
The government will enhance its focus on providing micro-credit facility in the range of Rs 3,000-5,000 to street vendors in 2023, with the help of digital technologies, Union IT and Telecom Minister Ashwini Vaishnaw said on Saturday. While speaking at Digital ...
Exporters on Thursday demanded fiscal incentives, tweaking in customs duties on certain products and credit at affordable rates in the forthcoming Budget to boost exports and create jobs. In a pre-budget virtual meeting with Finance Minister Nirmala Sitharaman, the Federation of ...
French prosecutors said Monday that Credit Suisse has agreed to pay 238 million euros (USD 234 million) to settle tax fraud allegations, the latest blow for the embattled Swiss bank. The bank will pay 123 million euros in fines and 115 ...
To improve ratings disclosures on bank credit to large customers, RBI on Monday said unless rating agencies disclose names of all lenders in their rating statements, banks cannot use such ratings for capital computation for making provisions. Reviewing the prudential norms ...
Capital markets regulator Sebi on Thursday cancelled the licence of Brickwork Ratings India and directed the credit rating agency to wind down its operations within six months for allegedly violating various rules. Further, the markets regulator has barred the agency from ...