The distress caused by multiple lending is becoming increasingly evident. Reports of harassment, coercive recovery practices, and even suicides among borrowers in rural India have been on the rise. Karnataka, in particular, has seen a surge in complaints against MFIs, with farmers and other borrowers alleging relentless pressure to repay debts
Adani buyouts in IBC have meant huge losses for banks in admitted claims
Proposed changes in liquidity coverage ratio framework to further moderate the reported liquidity coverage ratio (LCR) and constrain the credit growth for banks, says Icra
This may impact consumers in India in getting service and transactional messages from banks, financial institutions, and e-commerce platforms
Presently, entities only register their headers and templates with telecom operators, without including the actual content of the messages. Starting in September, telcos must implement a system to read and verify the content of commercial messages against their records. Messages that do not match the registered content will be blocked.
In recent years, the communication approach of top bank CEOs has notably shifted. They have become more cautious, distancing themselves
The Reserve Bank of India (RBI) has once again taken firm action against a prominent player in India’s financial services
Most banks have reported better-than-expected earnings in the last quarter (Jan-March) showing improvement in asset quality and healthy credit growth.
