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Microfinance sector seeing increasing risk of overleverage, says Icra

MUMBAI, April 23 -- The risk of over-leveraging in the microfinance sector has increased owing to the changing landscape of the sector, varying interpretation of the RBI guidelines as well as some gap... Read More


Never let your guard down, SWIFT India's Arundhati Bhattacharya tells banks

Mumbai, April 23 -- Bankers should never let their guard down and should always watch out for fraudulent activities as it is the only way to prevent them, said Arundhati Bhattacharya, chairman, SWIFT ... Read More


Allahabad Bank, Andhra Bank in talks to sell stakes in ASREC India

Mumbai, April 18 -- Public sector lenders Allahabad Bank and Andhra Bank are looking for merchant bankers to sell their stakes in ASREC (India) Ltd, an asset reconstruction company. The banks require... Read More


Naresh Goyal first planned to bid for Jet Airways in January

Mumbai, April 16 -- Jet Airways (India) Ltd founder Naresh Goyal, who was forced out of the troubled airline's board in March following defaults on payments to banks and aircraft lessors, was planning... Read More


Bank loans to industries in Maharashtra decline for the 1st time in 30 years

Mumbai, April 12 -- Outstanding bank loans to industries in Maharashtra fell for the first time in close to 30 years in 2017-18, Reserve Bank of India (RBI) data showed. This assumes significance as M... Read More


RBI to issue new circular on bad loans

MUMBAI, April 5 -- The Reserve Bank of India (RBI) will issue a revised circular for resolution of stressed assets after its February 12, 2018 norms were struck down by the Supreme Court earlier this ... Read More


RBI to issue revised circular on bad loan resolution: Shaktikanta Das

Mumbai, April 5 -- The Reserve Bank of India (RBI) will issue a revised circular for resolution of stressed assets after its 12 February 2018 norms were struck down by the Supreme Court earlier this w... Read More


Supreme Court quashes RBI's 12 February circular on one-day default

Mumbai, April 2 -- The Supreme Court on Tuesday quashed the Reserve Bank of India's (RBI) 12 February circular which prescribed rules for recognising one-day defaults by large corporates and called fo... Read More


Cibil pushes banks for faster submission of credit information

Mumbaii, March 29 -- TransUnion Cibil is asking lenders to submit monthly credit data of borrowers quicker, a top official at the credit information bureau said. Lenders report credit data of their bo... Read More


Digital lending helped push financial inclusion

Mumbai, March 28 -- Digital lending has boosted financial inclusion, especially helping borrowers otherwise unlikely to benefit from formal finance, Reserve Bank of India deputy governor N.S. Vishwana... Read More