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RBI Keeps Repo Rate Unchanged At 6.5%: How It Affects Your Loan EMIs
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5%, marking the 11th consecutive meeting where the key lending rate has remained the same.
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"We Aren't Police...": RBI Chief Day After 4 Firms Banned From Giving Loans
Reserve Bank Governor Shaktikanta Das on Friday said that the central bank does not act like a policeman, but it maintains tight vigil on financial market and takes regulatory action whenever necessary.
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Loan Goes Digital, But Recovery Still Needs Feet On the Street: RBI Official
The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).
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RBI Keeps Repo Rate Unchanged. What It Means For Your Loan EMIs
The Monetary Policy Committee (MPC) had its third bi-monthly policy meeting for the financial year 2024-25 from August 6 to August 8.
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Acted On Unsecured Loans To Avert Bigger Problems: RBI Governor
The Reserve Bank of India (RBI) endeavors to smell out a crisis early and act on it, Governor Shaktikanta Das said, stating that not taking any action on the unsecured lending front would have created "bigger problems".
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RBI Keeps Key Lending Rate Unchanged: How It Affects Your Loan EMIs?
In its initial monetary policy review for the current financial year, the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 % for the eighth consecutive time.
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RBI Asks Non-Banks To Stick To Rs 20,000 Loan Cash Payout Limit: Report
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions.
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RBI Issues Draft Rules On Digital Lending To Give Borrowers A Better Deal
RBI on Friday released draft guidelines on digital lending to ensure transparency in aggregation of loan products from multiple lenders by lending service providers so that borrowers get prior knowledge about all credit offers that are available.
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RBI Bars Non-Bank Finance Company From Offering Gold Loans
The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.
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Paytm Crisis: Non-Bank Lenders Said to Explore Options for Loan Disbursal
Amid the ongoing Paytm crisis, Indian non-bank lenders are looking at options other than the beleaguered firm for loan disbursal. These lenders are said to be worried about the regulatory crisis engulfing Paytm that has led to a temporary halt of lending services.
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4 Lakh Crore In Debt, Madhya Pradesh Borrows Again To Meet BJP's Promises
Less than two weeks after he took oath, Madhya Pradesh Chief Minister Mohan Yadav has sought a Rs 2,000 crore loan from Reserve Bank of India (RBI) to meet the state's expenditures.
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FM Sitharaman Says Google Took Down Over 2,500 Loan Lending Apps From Play Store: Report
Google took down over 2,500 fraudulent loan apps from its Play Store between April 2021 and July 2022, Finance Minister Nirmala Sitharaman reportedly claimed in a written reply to a query in the Lok Sabha Monday. The minister also said that the Reserve Bank of India (RBI) had shared ‘whitelist’ of betting apps with the government to separate ap...
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SBI Sees Minimal Hit From Tighter Rules For Personal Loans
State Bank of India, the country's top lender, expects minimal impact on its capital ratios from the central bank's tighter rules for personal loans, its chairman told Reuters in a phone interview.
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RBI Tightens Norms For Personal Loans, Credit Cards Amid Demand Surge
The Reserve Bank Of India (RBI)on Thursday tightened norms for personal loans and credit cards, raising the risk of slowing loan growth.
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RBI Stops Bajaj Finance From Giving Loans To E-Tailers, EMI Card Users
The Reserve Bank of India (RBI) in a statement today said that Bajaj Finance, an arm of Bajaj Finserv Ltd, should stop giving loans under its "two lending products eCOM and Insta EMI Card" immediately.
-
RBI Keeps Repo Rate Unchanged At 6.5%: How It Affects Your Loan EMIs
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5%, marking the 11th consecutive meeting where the key lending rate has remained the same.
-
"We Aren't Police...": RBI Chief Day After 4 Firms Banned From Giving Loans
Reserve Bank Governor Shaktikanta Das on Friday said that the central bank does not act like a policeman, but it maintains tight vigil on financial market and takes regulatory action whenever necessary.
-
Loan Goes Digital, But Recovery Still Needs Feet On the Street: RBI Official
The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).
-
RBI Keeps Repo Rate Unchanged. What It Means For Your Loan EMIs
The Monetary Policy Committee (MPC) had its third bi-monthly policy meeting for the financial year 2024-25 from August 6 to August 8.
-
Acted On Unsecured Loans To Avert Bigger Problems: RBI Governor
The Reserve Bank of India (RBI) endeavors to smell out a crisis early and act on it, Governor Shaktikanta Das said, stating that not taking any action on the unsecured lending front would have created "bigger problems".
-
RBI Keeps Key Lending Rate Unchanged: How It Affects Your Loan EMIs?
In its initial monetary policy review for the current financial year, the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 % for the eighth consecutive time.
-
RBI Asks Non-Banks To Stick To Rs 20,000 Loan Cash Payout Limit: Report
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions.
-
RBI Issues Draft Rules On Digital Lending To Give Borrowers A Better Deal
RBI on Friday released draft guidelines on digital lending to ensure transparency in aggregation of loan products from multiple lenders by lending service providers so that borrowers get prior knowledge about all credit offers that are available.
-
RBI Bars Non-Bank Finance Company From Offering Gold Loans
The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.
-
Paytm Crisis: Non-Bank Lenders Said to Explore Options for Loan Disbursal
Amid the ongoing Paytm crisis, Indian non-bank lenders are looking at options other than the beleaguered firm for loan disbursal. These lenders are said to be worried about the regulatory crisis engulfing Paytm that has led to a temporary halt of lending services.
-
4 Lakh Crore In Debt, Madhya Pradesh Borrows Again To Meet BJP's Promises
Less than two weeks after he took oath, Madhya Pradesh Chief Minister Mohan Yadav has sought a Rs 2,000 crore loan from Reserve Bank of India (RBI) to meet the state's expenditures.
-
FM Sitharaman Says Google Took Down Over 2,500 Loan Lending Apps From Play Store: Report
Google took down over 2,500 fraudulent loan apps from its Play Store between April 2021 and July 2022, Finance Minister Nirmala Sitharaman reportedly claimed in a written reply to a query in the Lok Sabha Monday. The minister also said that the Reserve Bank of India (RBI) had shared ‘whitelist’ of betting apps with the government to separate ap...
-
SBI Sees Minimal Hit From Tighter Rules For Personal Loans
State Bank of India, the country's top lender, expects minimal impact on its capital ratios from the central bank's tighter rules for personal loans, its chairman told Reuters in a phone interview.
-
RBI Tightens Norms For Personal Loans, Credit Cards Amid Demand Surge
The Reserve Bank Of India (RBI)on Thursday tightened norms for personal loans and credit cards, raising the risk of slowing loan growth.
-
RBI Stops Bajaj Finance From Giving Loans To E-Tailers, EMI Card Users
The Reserve Bank of India (RBI) in a statement today said that Bajaj Finance, an arm of Bajaj Finserv Ltd, should stop giving loans under its "two lending products eCOM and Insta EMI Card" immediately.
