On Tuesday, the central bank reversed the increase in risk weight – or the capital that banks must set aside for every loan to cover for potential loss – on loans to NBFCs, in a move that’s expected to make it easier for banks to boost on-lending, which has been constrained by higher capital requirements.
The share of retail bad loans with Asset Reconstruction Companies (ARCs) has risen at a faster pace than corporate non-performing loans (NPAs), driven by increasing stress in unsecured and microfinance loans. Retail NPAs of ARCs have grown by nearly 10% to Rs 44,060 crore in the first nine months of the current financial year, while
Michela Alloca, author of Own Your Career, has shared five things she doesn’t do with her money, including using a traditional savings account and a debit card What you don’t do with your money can be just as important as what you do with it (stock photo)(Image: Ippei Naoi via Getty Images) A savvy financial
The higher your credit score, the better your chances are to get approved for financial products — like personal loans — with a lower interest rate. Still, there are personal loans you can get if you have a fair or bad credit score. Some lenders cater to applicants with lower credit scores in the poor
JPMorgan Chase is reportedly facing a lawsuit that alleges that the bank paid “unreasonably” low interest rates on accounts used in its cash sweep program. Illinois resident Dan Bodea alleges in the suit that the bank used the program to shortchange customers while pretending to act as their fiduciary, Reuters reported Monday (Aug. 26). JPMorgan Chase
Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies LLP suggests focusing on long-term themes such as defence, renewables, and hospitality. He also prefers the capex-related themes as its next leg of growth will driven by more contract awarding. However, execution might be a worry, he noted. He expects the banking sector to benefit
Hyderabad: Deputy chief minister and finance minister Bhatti Vikramarka on Tuesday urged banks to expedite the distribution of new farm loans as only 7,500 crore had reached farmers despite the govt spending 18,000 crore for previous farm loan waiver.Addressing the State Level Bankers Meeting (SLBC), he said that it was important to understand the loan
NOW Money, a fintech specialising in banking and payroll solutions for the underbanked migrant population in the Middle East, has partnered with CBI and Network International. These partnerships represent a significant advancement in NOW Money’s goal to offer accessible financial services to underserved migrant workers in the GCC region. The collaboration with Commercial Bank International
Global markets are pricing a shift away from normalization cuts towards aggressive Fed easing, which is part of the story on the extraordinarily high correlations across markets over the last sessions, TDS senior commodity strategist Daniel Ghali notes. Gold positioning becomes tactically bearish “The positioning set-up in Gold markets is becoming tactically bearish. Macro fund positioning is not
With low rates, no lender fees and a rate match guarantee, Better is a great option for saving money. Plus, Better loan officers don’t operate on commission, so you won’t face high-pressure tactics. We like Better’s nationwide availability and its speedy approval process and closing timeline can get you into your new home faster. While