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PSBs told to revise staff accountability norms for NPAs
The guidelines will be implemented from April 2022 for bad loans on or after April 1 that year.
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Personal loans surpass credit to industry in first quarter
In the six months ended September 2021, total loans outstanding in the personal loan segment increased by Rs 73,000 crore.
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PMC Bank customers not to get Rs 5 lakh deposit cover in first lot
The RBI had given in-principle approval to a consortium led by Centrum Financial Services and fintech firm BharatPe to buy the impaired PMC Bank
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Housing, auto loans drive credit growth in September
Lending to major businesses witness sluggish demand
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RBI eases rules on opening current account
RBI’s decision will help small businesses with bank exposure of less than Rs 5 crore
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Check the risks and advantages of taking home equity loans
Taking out a home equity loan can be advantageous, but can also be a debt trap because it reduces the value of the equity in your property over time
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SBI clears the air: Property insurance is a must for home loans
Property insurance is different from home loan cover; It is not clear whether mandatory property insurance has the regulatory approval or not
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Unwise credit card usage can lead to a debt trap
Some cardholders misuse their cards by making unwise purchases, and as a result, their credit card debt piles up
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Smaller NBFCs smell big opportunity in IPO financing
RBI has put a cap of Rs 1 crore on NBFC lending for share purchase in initial offers.
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Govt to introduce bills for facilitating privatisation of public sector banks; changes to PRFDA Act
The goal is to keep NPS Trust separate from the pension regulator and administered by a 15-member competent board.
