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LENDING ARRANGEMENT RBI
Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflowsIn an ambitious bid to enhance India's foreign currency reserves, the Reserve Bank of India is urging banks to ramp up their efforts in att...
RBI pushes banks to bring more dollars homeThe push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) de...
FX swap window may spur PSU rush for overseas loansPublic sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5%...
Banks seek easing of guarantee curbs to draw more NRI fundsIndian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspo...
Axis Bank raises $500 million in offshore loan from MUFGAxis Bank, India's third-largest private lender, has secured a $500 million offshore loan from Mitsubishi UFJ Financial Group. This three-y...
Indian banks pause gold imports as renewed FinMin notification on IGST hangs fire in FY27Banks in India have paused gold and silver imports since April 1, pending an annual government notification that provides tax clarity for b...
RBI declines pleas for more time, ECL to be effective from April 2027The Reserve Bank of India will implement a new Expected Credit Loss provisioning system from April 1, 2025. Banks must adopt this proactive...
Gold loan fintech companies build own loan books as RBI tightens normsGold loan fintech startups are pivoting from loan sourcing to building their own loan books due to tightened RBI regulations. Companies lik...
Basel III fragments as US, Europe and India take diverging paths on bank capital rulesFifteen years after its finalization, the Basel 3 accord's goal of uniform global banking rules has fragmented. National regulators are now...
RBI tightens co-lending rules to enhance risk sharing and transparencyReserve Bank of India has released new rules for co-lending between banks and NBFCs. Lenders must keep 10% of each loan. Default loss guara...
Banks back status quo on co-lendingBanks are urging the RBI to retain the existing co-lending model (CLM-2) alongside the proposed CLM-1, where loans are jointly originated a...
RBI's proposed blended interest rates in co-lending to benefit borrowers: ICRAICRA anticipates that Indian borrowers will benefit from the RBI's proposed 'blended interest rates' for co-lending loans. The draft framew...
RBI expands scope of co-lending pacts beyond priority-sector loansBanks must give 40% of the total loans to segments such as agriculture, micro, small and medium enterprises, export credit, education, hous...
Fintech firms’ NBFC co-lending biz under stress after RBI actionThere could be a direct impact on co-lending arrangements after the Reserve Bank of India’s (RBI) action on Navi and DMI Finance, two major...
No default loss cover diktat by RBI to hit peer-to-peer lending startupsRBI's ban on DLG for P2P platforms reshapes industry operations, impacting prominent startups. Regulator's actions aim to bolster governanc...
Lending service providers may have to provide digital view of all offers: RBIThe Reserve Bank of India (RBI) is considering new rules for digital lending, aiming to enhance transparency. The proposed guidelines would...
RBI issues guidelines for default loss guarantee, provides breather to fintechsThe regulator has capped the FLDG at 5%, and lenders need to have proper board-approved policies.
RBI permits FLDG between fintechs and banks, NBFCsIn guidelines issued in 2022, the RBI had indicated it was not in favour of such arrangements since they could encourage lenders to take on...
After online payments, digital loans, now P2P lending under RBI lensBharatPe, Jupiter and Cred are among the major consumer-focussed applications which work closely with NBFC P2P platforms.
Focus on governance, business conduct, data protection: RBI governor to fintechsAt a meeting with fintech firms, RBI governor Shaktikanta Das reiterated that the central bank would continue to adopt a 'participative and...