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Who gets what in Vijay’s Tamil Nadu Cabinet as Congress, VCK, IUML join power tableTamil Nadu's political landscape has shifted with Chief Minister C Joseph Vijay forming a 35-member coalition ministry. This new government...- CM Vijay allocates portfolios, keeps police, home, youth welfareTamil Nadu Chief Minister C Joseph Vijay has announced cabinet portfolios. Key ministers have been assigned their departments. Vijay himsel...
- Credit at the tap: The opportunities and risks of India’s digital lending boomIndia's digital lending is rapidly transforming credit access, with mobile apps now disbursing significant loan volumes, especially to youn...
- Ground-level economic situation far removed from govt's propaganda: Congress on PM's WFH appealPrime Minister Narendra Modi's recent appeals for judicious fuel use and postponed purchases signal potential austerity measures. The Congr...
- Noida workers’ unrest: A story of hidden inflation and its impactNoida factory workers protest: Years of rising costs have diminished buying power, creating widespread discontent among many. Wage growth l...
- Once an institution of warmth and wit, parties are now an embodiment of symbol over experienceA recent party at Gwalior's Jai Vilas Palace offered a glimpse of genuine connection, a stark contrast to years of superficial gatherings. ...
- Gold loan delinquency rates send red signalBorrowers with more than ₹2.5 lakh outstanding showed a delinquency rate of 1.5% at the end of December, about 2.2x higher than those with ...
- Gold Loan: Borrowers with big exposure more prone to default, says TransUnion Cibil reportIndia’s gold loan market is seeing rising stress as borrowers take larger and multiple loans, pushing up delinquency rates and credit risk,...
- Guardrails for MFIs need to continueIn a recent advisory, Sa-Dhan, a key player in the microfinance arena, underscores the necessity of upholding lending standards for financi...
- Sa-Dhan backs continued microfinance guardrails, suggests RBI steering panelSa-Dhan, a microfinance self-regulator, recommends maintaining lending guardrails for bottom-of-the-pyramid customers. These rules aim to p...
- RBI deputy flags concerns in microfinance sector, urges reformsReserve Bank of India Deputy Governor, M. Rajeshwar Rao, addressed concerns about the microfinance sector. He highlighted issues such as hi...
- Microfinance sector tightens lending norms to address asset quality stressThe Microfinance Institutions Network (MFIN) is tightening lending norms for its members to address rising bad loans. These changes include...
- 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 ...
- Microfinance lenders should not throw caution to the winds while chasing growth, says RBI's Rajeshwar Rao“While chasing higher asset growth and returns, lenders should not throw caution to the winds. Any slip-up through adverse actions of the M...
- 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...
- Covid-19 to worsen indebtedness of states despite economic rebound: S&PThe agency lowered the growth outlook saying that a severe second Covid-19 outbreak in April and May led sharp contraction in economic acti...
- 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...
- Reliance Infra's total financial indebtedness at Rs 6,073 crore at December-endThe filing showed that the total amount outstanding was Rs 4,597.06 crore. "Of the total amount outstanding, amount of default as on date w...
- RBI governor Raghuram Rajan questions farm debt waiver schemesTalking about subsidies for farm sector, Rajan said that it will be useful to see whether these subsidies have actually helped agriculture ...
- Indebtedness on the rise, hits peak among OBCsLow interest rate and easier availability of credit has increased the Indian household sector’s appetite for borrowing.
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