Household debt warrants close monitoring: RBI
With overall household savings declining to 18.4% of GDP in 2022-23 from an average of 20% of GDP over 2013-2022, household debt warrants close monitoring, says RBI
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Banks' gross NPA ratio hits multi-year low of 2.8%
Indian banks have been boosted by rising profitability and declining non-performing assets.
Tata Communications secures $250 mn sustainability loan; here’s how stock reacts
The Tata Group company will use fund to meet carbon emission reduction targets as it aims to become “Net Zero” across its global operations by 2035.
Jio Financial Services launches beta version of JioFinance app
JioFinance plans to offer loans on mutual funds and then progress to home loans.
PhonePe partners with lenders to offer loans on app
PhonePe users will now have access to lending solutions directly within the PhonePe app.
NBFC loans to grow 15% in next 12-18 months: Moody’s
Moody's says NBFCs' profitability will moderate somewhat in the next 12-18 months as funding costs for them will increase.
RBI orders JM Financial to stop financing against shares, debentures
Apart from violating regulatory guidelines, there are serious concerns about governance issues in JM Financial Products, says RBI
Bank-NBFC links merit close attention: RBI governor
Such concentrated linkages may create a contagion risk, says Shaktikanta Das
Moody's gives thumbs up to RBI's new risk weights on personal loans
In the past two years, personal loans grew around 24% and credit card loans grew 28% compared with the overall banking sector's credit growth of around 15%.
Consumer loans may get expensive as RBI hikes risk weight by 25%
This excludes housing loans, education loans, vehicle loans, loans secured by gold and gold jewellery, and microfinance loans
