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REVOLVING CREDIT IMPACT
RBI proposal to curb NBFCs' revolving credit may choke MSME funding, says industry body FISMEFISME has urged the RBI to reconsider its proposal to bar NBFCs from offering revolving credit, warning that a blanket ban could disrupt wo...- Buy, Sell or Hold: Motilal Oswal maintains buy on Crompton Greaves; Elara Capital recommends buy on ArvindBrokerages remain bullish on Arvind, Bajaj Finance and Crompton Greaves Consumer Electricals, citing growth opportunities, earnings recover...
- FCNR(B) swap cost unlikely to have driven RBI’s early closure: SBI Research reportSBI Research said the cost of the RBI’s FCNR(B) swap facility is unlikely to have driven its early closure, estimating cumulative hedging c...
- No need for fresh capital for five years: Shriram Finance CEO Parag SharmaParag Sharma expects the company, India's second-biggest non-bank lender by market value, to sustain 18-20% credit growth annually and main...
- NBFCs seek RBI rethink on revolving credit curbSenior representatives of some of the country's largest NBFCs met on August 14 to discuss the issues they intend to raise with the RBI. The...
- Not much concerned on proposed NBFC norms, revolving credit exposure below 5%: Tata Capital CEOTata Capital's revolving credit exposure remains below five percent of its total lending. The company will submit its feedback to the Reser...
- NBFCs outpace banks in June as cards lose some creditNBFCs outpaced banks in retail lending growth in June, with loans rising over 20% year-on-year compared with 16% for banks. Growth was driv...
- Quote of the day by Joey Tempest: “A man is an island, but the water is...” — Timeless life lessons from an inspiring quote by the Swedish rock icon and The Final Countdown singer on independence, courage, freedom, belonging, relationships, self-discovery, and why true liberty can still leave us searching for a place to call homeToday's Quote of the Day by Joey Tempest: The famous quote by Joey Tempest explores a truth many people learn with time: independence does ...
- RBI's draft curbs on revolving credit may impact NBFC flexi loans: Morgan StanleyThe Reserve Bank of India's (RBI) draft directions proposing restrictions on revolving credit facilities offered by non-banking financial c...
- Main Vaapas Aaunga OTT release details: When and where to watch Diljit Dosanjh, Sharvari and Vedang Raina starrer period romance-dramaImtiaz Ali's Main Vaapas Aaunga, starring Sharvari, Vedang Raina, Diljit Dosanjh and Naseeruddin Shah, has been drawing attention for its e...
- Credit card profit pool shrinks as revolvers evolve"The decline in the level of revolvers has impacted profitability," ICICI Bank group CFO Anindya Banerjee said, adding that the business re...
- Indian banks' credit losses in credit cards at nearly 6% - Macquarie CapitalDefault rates in credit cards and unsecured loans are rising, with losses in credit cards nearing 6%. Young millennials are reportedly defa...
- How to ensure effective usage of credit cardsPut the cards on auto debit mode so that the bills can be paid on time.
- Airtel Africa inks $125-million credit facility with Citi to back investments in four unitsAirtel Africa added that the revolving credit facility has a tenor up to September 2024 and provides potential interest rate savings in exc...
- Slice flips to term loans from credit line post RBI noteThis is a departure from issuing a revolving credit line to consumers and comes after the Reserve Bank of India (RBI) recently barred finte...
- FTX signs deal with option to buy BlockFi for up to $240 millionFTX has also agreed to provide BlockFi with a $400 million revolving credit facility, Prince said in a tweet.
- Crypto firm BlockFi signs $250 million revolving credit agreement with FTXBlockFi has signed a term sheet with digital asset exchange FTX for a $250 million revolving credit facility, the cryptocurrency firm's chi...
- MFI industry seeks higher credit guarantee scheme in budget 2022In the budget representation to the ministry, the self regulatory body (SRO) of MFIs said the sector is facing a few challenges in terms of...
- Consumers avail credit facility on their credit cards againAfter a gap for over four years, consumers have once again started availing of the credit facility on their credit cards to tackle rising p...
- Fresenius secures $2.4 billion loan for APP buyGerman healthcare group Fresenius has secured a $2.4 billion credit facility to finance its $3.7 billion acquisition of U.S. company APP Ph...
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