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SAFEGUARDS IN CREDIT FACILITIES
RBI plans to bar NBFCs from offering revolving credit without approvalIn a recent announcement, the Reserve Bank of India has introduced fresh regulations for non-banking financial companies. Moving forward, N...- A nuclear debut in Bangladesh tests developing world’s atomic shiftBangladesh's first nuclear power plant is nearing completion on the Padma river banks. This facility will supply a substantial portion of t...
- RBI opens bank lending for acquisitions under new frameworkIndia's banking sector is set for a major overhaul with the RBI's new acquisition finance framework, effective today. This move integrates ...
- Your employer may soon pay your SIP from salary: Sebi's new mutual fund proposal explainedYour employer might soon invest in mutual funds directly from your salary. Sebi is considering a new proposal to allow this. Employees can ...
- Cabinet clears Emergency Credit Line Guarantee Scheme 5.0 to cushion MSMEs, airlines amid Gulf warThe government has approved a new credit scheme, ECLGS 5.0, to support airlines and small businesses facing economic challenges. This initi...
- Bank loans may unlock fresh growth for REITsThe Reserve Bank of India now permits banks to lend directly to Real Estate Investment Trusts. This move is anticipated to reduce borrowing...
- Modi, Bhutan King meet; India to step up supportThe assurance of assistance was extended when the visiting King of Bhutan Jigme Khesar Namgyel Wangchuck met PM Narendra Modi. While India ...
- Budget 2023: Agritech sector seeks tax sops, cheaper creditShortcomings in post-harvest infrastructure are often critical factors in determining how much food is lost in the supply chain. A lack of ...
- Exporters worried over losing tax flexibility after IGST tweakEarlier, exports could be made either on payment of the integrated tax or under bond. Citing liquidity crunch and higher transaction time a...
- RBI's new current account norms make foreign banks jitteryAs per the latest RBI guidelines, a bank opening a dedicated current account of any company with Rs 50 crore or more in debt must have at l...
- RBI asks banks not to open current accounts for customers having cash credit, overdraft facilitiesIn a notification, the central bank said that rather than opening a new current account, all transactions should be routed through Cash Cre...
- Airtel Payments Bank, Mastercard tie up for payment solutions for farmers, SMEsAirtel Payments Bank and Mastercard will work together to create differentiated card solutions, including solutions for contact less paymen...
- Companies face queries over input tax credit claimsEffectively, while a business may have paid the tax to a vendor for which it wants to claim credit, it may not be possible to ascertain if ...
- Sebi allows segregation of distressed assets by mutual fundsThe Mutual Fund Advisory Committee (MFAC) has recommended in favour of side-pocketing or creation of segregated portfolios.
- Would you believe this? Steve Wozniak's bitcoins actually got stolenWozniak has an inventive mind, so it comes as no surprise that he’s a fan of Bitcoin.
- SBI to start special scheme for children's accountsFollowing the Reserve Bank's move to allow minors to open and operate accounts, SBI today said it will start a special scheme for children ...
- Minors over 10 years of age can open and operate bank independent savings bank accounts: Reserve Bank of IndiaThe Reserve Bank today issued the guidelines allowing minors to operate bank accounts independently with a view to promote financial inclus...
- Warehousing Act comes into force, receipts now negotiableThe much-awaited Warehousing (Development and Regulation) Act, 2007 has come into force with effect from October 25, 2010.
- RBI to rope in SHGs to go ruralRBI plans to engage self help groups (SHGs) and primary agriculture credit societies (PACs) as business correspondents (BCs) to ensure grea...
- CRISIL downgrades IG Petro to ‘BB+/Negative/P4’CRISIL has downgraded its ratings on I G Petrochemicals Ltd’s bank facilities to ‘BB+/Negative/P4’ from ‘BBB-/Stable/P3’.
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