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RBI HOUSEHOLD INDEBTEDNESS
India's rising household debts are not worrisome: SBI reportIt said India's household debt is manageable and not worrisome at all, as two-thirds of the portfolio is of prime and above credit quality ...- RBI orders NBFCs to reveal max rates of all loan productsThe Reserve Bank of India (RBI) has directed large non-banking finance companies (NBFCs) to disclose the maximum rates charged on each loan...
- MFIN tightens underwriting guidelines for lenders amid over-indebtedness concernsMFIN has tightened loan underwriting guidelines to address borrower over-indebtedness. Uniform treatment measures will help lenders with a ...
- Household Financial wealth still higher than the pre pandemic levelsA research paper by RBI economists has found that the net financial wealth (NFW) of Indian households is still higher than pre-pandemic lev...
- A home to stay, a car to ride: Indians use savings to buyOfficial data on household net financial savings indicates that it fell to 5.1% of GDP in FY23 from 11.5% in 2020-21, well below its long-r...
- India's household debt servicing costs among the lowest in the worldIndian households' net financial savings fell by up to four percentage points in the past two years, as they built real assets like homes a...
- Assam govt tables legislation to exclude entities regulated by RBI from ambit of Assam Micro finance institution ActThe Assam government has introduced legislation to exclude entities regulated by the Reserve Bank of India (RBI) from the Assam Microfinanc...
- Are credit cards fiscally degradable?Credit card spending in India, fuelled by a new generation of credit-hungry consumers powered by technology startups, has doubled on averag...
- Free pricing system to strengthen MFIs; but credit cost for borrowers to jump: AnalystsThe revised regulations aim to provide a level playing field to all the players involved in microfinancing, which will help these lenders t...
- Households in southern states more indebted than rest of India: ReportIn 2019, Telangana with 67.2 per cent had the highest proportion of its rural households indebted and Nagaland with 6.6 per cent had the lo...
- Household indebtedness more than doubled over the last decade: SBI reportState-wise trend indicates that the rural households’ average debt more than doubled in 18 states for the 6 year period ended 2018, while 7...
- Mostly Welcome Microfinance NormsThe RBI paper now seeks to streamline and update microfinance regulation across all regulated entities, which makes perfect sense. The rate...
- RBI aims to tackle microloan burden with new MFI rulesThis repayment threshold is part of a slew of proposals to revamp the regulations on microfinance, which are crucial to bringing the bottom...
- RBI proposes to cap borrowers' repayment outgo, scrap lending rate ceiling in uniform microfinance regulationsThe Reserve Bank of India has suggested capping the total repayment outflow from a household to half of the annual income of the economical...
- 88 per cent rural households have savings account: Nabard surveyAll India IOI taking rural households together stood at 47.4 per cent, as per the Nabard All India Financial Inclusion Survey (NAFIS) relea...
- SKS Microfinance shares surge nearly 9%SKS Microfinance stocks surged 8.61 per cent to Rs 513.95 on the BSE. During the day, it climbed 9.55 per cent to Rs 518.40 -- its 52-week ...
- RBI invites public comments on data standardisationRBI today invited comments from the public on the recommendations of a panel which has made a case for compilation of indices.
- RBI panel for indices on labour, wage to improve policy makingRBI panel made a case for compilation of separate indices on producer price, labour force, urban wages & household indebtedness with a view...
- Andhra Pradesh accounts for 13% of country’s outstanding farm loansThere may be disparate opinions as to how the waiving of agricultural loans will affect the finances of the country’s commercial banks.
- Govt, RBI discuss farmer relief packageRBI gov YV Reddy meets Prime Minister to discuss the recommendations of the Radhakrishna Committee on rural indebtedness and to devise a ne...
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