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Moneylife Digital Team 16 July 2024
The Reserve Bank of India (RBI), while revising its master directions on fraud risk management in the regulated entities (REs), directed lenders, including commercial banks, all India financial institutions, cooperative banks and non-banking finance companies (NBFCs),  including housing finance...

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Moneylife Digital Team 13 May 2024
Top executives of Reserve Bank of India (RBI) are scheduled to meet the top management of asset reconstruction companies (ARC) this week to discuss corporate governance and stressed-asset resolutions amid concerns of potential back-door entry by defaulting promoters, says a report from Economic...

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Moneylife Digital Team 29 April 2024
After coming across instances of lenders resorting to certain unfair practices in charging interest, Reserve Bank of India (RBI) has directed all regulated entities (REs) to review their practices regarding the mode of disbursal of loans, application of interest and other charges and take...

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Moneylife Digital Team 26 April 2024
Reserve Bank of India (RBI) has released draft guidelines for a regulatory framework for the aggregation of loan products by lending service providers to enhance transparency and enable borrowers to have prior information about potential lenders.    RBI says it observed that many of the...

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Sponsored Post 23 April 2024
In today's world, where our financial choices greatly impact our lives, it is crucial to understand our credit health. Whether you aspire to own a home, purchase a car, or plan a vacation, a good credit score can be the critical factor that helps you achieve these dreams. In this guide, we will...

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Moneylife Digital Team 16 April 2024
The Reserve Bank of India (RBI) has asked all banks and housing finance companies (HFCs) to provide key fact statements (KFS) in simple terms to the prospective borrowers on the loans and interest that they are expected to pay to ensure transparency and help them make informed...

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Moneylife Digital Team 16 April 2024
Almost 70% of mobile users felt confident verifying the loan apps, despite following a sub-optimum verification process. However, over a third of high-confidence customers exhibit low awareness about factors to detect illegal lending apps, according to a survey.   To systematically understand...

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Moneylife Digital Team 01 April 2024
Upholding an order passed by the Punjab state consumer disputes redressal commission and rejecting the contention of DHFL Pramerica Life Insurance Company Ltd about suppression of health insurance, the national consumer disputes redressal commission (NCDRC) directed the insurer to pay Rs21.72...

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Moneylife Digital Team 05 March 2024
The overall retail loan portfolio grew to Rs117.36 lakh crore in December 2023 from Rs100.29 lakh crore in December 2022, registering a growth of 17%. The portfolio outstanding of women borrowers grew to Rs30.95 lakh crore in December last year from Rs26.00 lakh crore in December 2022,...

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IANS 27 February 2024
Considering the recent regulatory developments and commentary, growth momentum in unsecured personal loans category is likely to derail in the coming quarters, ICICI Securities said in a report.   NBFCs are witnessing a very strong credit cycle, both in terms of growth as well as...

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Sponsored Post 12 February 2024
Achieving sustainable growth in business requires more than just a great product or service. It's not just about having a groundbreaking idea or a loyal customer base; it's also about smartly working through the complexities of business finance. From leveraging cutting-edge tools like the...

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Moneylife Digital Team/ IANS 08 February 2024
Reserve Bank of India (RBI) on Thursday announced that it is mandatory for regulated entities such as non-banking finance companies (NBFCs) to provide key fact statements (KFS) in a simple format to borrowers for all retail and MSME loans.   This would provide critical information...

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IANS 07 February 2024
US banks hold about $2.7 trillion in commercial real-estate loans.   The majority of that, about 80 per cent, according to Goldman Sachs economists, is held by smaller, regional banks -- the ones that the US government hasn’t classified as “too big to fail”, CNN...

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IANS 06 February 2024
India’s retail lending showed moderated growth during the quarter ending September 2023 as financial institutions tightened the supply of credit, especially on consumption-led products like credit cards, consumer durable loans and personal loans.   Credit performance, as measured by...

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IANS 01 February 2024
The government on Thursday announced a Rs1 lakh crore-corpus for youth for long-term financing and refinancing that will help young entrepreneurs innovate and grow at scale in the sunrise industries.   Presenting the Interim Budget in the Lok Sabha, finance minister (FM) Nirmala...

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Sponsored Post 29 January 2024
Your credit score is crucial to determining your eligibility for loans and other financial products. In India, the CIBIL score is a widely recognised metric used by lenders to assess an individual's creditworthiness. In this blog, we'll explore the significance of a strong CIBIL score,...

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IANS 16 January 2024
The Reserve Bank of India (RBI) on Monday issued a draft circular which proposes to harmonise regulations of housing finance companies (HFCs) with that of non-banking finance companies (NBFCs) in several areas such as minimum capital requirement and deposit-taking rules.   RBI said it...

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Thomas Franco (CENFA) 22 December 2023
The five state election results are being analysed from various angles. Communal polarisation, EVM manipulation, and welfare schemes are the ones being discussed much more.   Let us analyse the bank loans under a few schemes in these five states.   Mudra Loan:   This...

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IANS 15 December 2023
The State Bank of India (SBI) has hiked its base rate of lending from 10.10 per cent to 10.25 per cent which is likely to lead to an increase in the EMIs of home, auto and personal loans.   The increase in the marginal cost of lending rate (MCLR) of the country’s leading bank now...

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IANS 13 December 2023
In a major development in the Mahadev Online Books betting money laundering case, one of the owners of the app, Ravi Uppal, has been detained by the Dubai police in UAE, sources said.   The sources said that Mr Uppal has been detained on the basis of the Red Notice issued against him...

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