RBI revises risk weights on Microfinance loans
Microfinance loans have now been excluded from this category and will instead be subjected to a risk weight of 100 percent.
Banking
Credifin Expands Operations in Maharashtra, Chhattisgarh, and Madhya Pradesh, Plans ₹200 Crore Loan Disbursement
Credifin Expands Operations in Maharashtra, Chhattisgarh, and Madhya Pradesh, Plans ₹200 Crore Loan Disbursement
Shaktikanta Das: The Prime Minister’s Trusted Financial Hand
Das, who helmed the RBI from 2018 to 2023, is no stranger to navigating economic turbulence
India’s Forex Reserves Decline by $2.54 Billion, Gold Reserves Rise
Despite the overall decline, gold reserves saw a notable increase of $1.94 billion, reaching $74.15 billion.
RBI Seeks Public Comments on Draft Circular for Responsible Lending Conduct
The draft circular seeks to address concerns regarding fair lending practices and ensure transparency in loan repayments.
How consumerism is trapping India’s middle class in debt
It begins innocuously. A young professional lands a decent job and is suddenly bombarded with credit card offers and easy loans.
Deposit Insurance coverage should range between Rs 5.2 lakh and Rs 21 lakh: CareEdge
India’s deposit insurance coverage should ideally be set between Rs 5.2 lakh and Rs 21 lakh, according to a report
MPC Minutes signal rate cut season
RBI Governor Sanjay Malhotra underscored the need to preserve economic momentum while maintaining price stability.
RBI to inject liquidity through long-term USD/INR buy/sell swap auction
The auction is scheduled to take place on February 28, 2025, between 10:30 AM and 11:30 AM, with the far leg settlement date set for March 06, 2028.
Breaking Free: How the salaried class can escape the debt trap
In a climate where debt is often seen as an inevitable part of modern life, these strategies offer hope and practical guidance for anyone looking to break free and secure a more stable financial future.