Mumbai (Maharashtra) [India], Aug 13 (ANI/PRNewswire): Poonawalla Finance Private Limited, a systemically important non-deposit taking NBFC, has entered into an MOU to offer a collateral-free special term loan scheme with an aim to benefit over three lakh Chartered Accountants, who are the m
Mumbai (Maharashtra) [India], Aug 13 (ANI): Gold loan non-banking finance companies (NBFCs) are unlikely to be significantly impacted by the Reserve Bank of India's new guidelines allowing banks to lend up to 90 per cent of the gold value as prudent lending practices may demand lenders to be
Mumbai (Maharashtra) [India], Aug 12 (ANI): The Reserve Bank of India's decision allowing lenders to restructure loans will increase their refinancing requirements, especially for non-banking banking companies (NBFCs), India Ratings and Research (Ind-Ra) said on Wednesday.
Kolkata (West Bengal) [India], Aug 12 (ANI): On the occasion of International Youth Day, the West Bengal government launched 'Karma Sathi Prakalpa' scheme under which one lakh unemployed youth would be provided soft loans and subsidies to make them self-reliant, informed Chief Minister Mamat
London [United Kingdom], Aug 12 (ANI): With Saudi Arabia ending loan and oil supply to Pakistan, the decade-long friendship between the two countries has finally ended, reported Middle East Monitor.
Mumbai (Maharashtra) [India], Aug 11 (ANI): The Reserve Bank of India's (RBI's) recent proposal to allow banks to restructure many types of loans will extend uncertainty over the banking sector's asset quality, Fitch Ratings said on Tuesday.
Islamabad [Pakistan], August 10 (ANI): An accountability court here on Monday indicted former Pakistan President Asif Ali Zardari in connection with the Park Lane corruption case.
Mumbai (Maharashtra) [India], Aug 8 (ANI): The absence of a common benchmark for lenders for reporting loans under moratorium has led to mismatches between the data in financial stability report published by the Reserve Bank of India (RBI) and the reported data of individual banks, India Rat
Mumbai (Maharashtra) [India], Aug 8 (ANI): India Ratings and Research (Ind-Ra) has affirmed private sector lender IDFC First Bank's debt instruments ratings at AA-plus with a negative outlook.
Mumbai (Maharashtra) [India], August 7 (ANI): Brickwork Ratings has said that an increase in loan to value (LTV) ratio to 90 per cent for borrowers increases the credit risk for banks as the collateral available in the form of gold ornaments or jewellery may not be sufficient to fully cover
Mumbai (Maharashtra) [India], Aug 7 (ANI): The Reserve Bank of India (RBI) on Friday announced the members of Kamath committee who will frame rules for the one-time restructuring of loans for stressed borrowers proposed by the central bank a day earlier.