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REVOLVING CREDIT RESTRICTIONS
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...
Bajaj Finance, Bajaj Finserv shares fall up to 5% on RBI's new proposal for NBFCsShares of Bajaj Finance and Bajaj Finserv fell sharply after the RBI proposed restricting NBFCs to offering only term loans, effectively ba...
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...
ETMarkets AIF Talk| Returns with liquidity: How Vivriti's semi-liquid debt fund is redefining private credit investing, says Priyam KediaVivriti's Short Term Debt Fund offers private credit-like returns with periodic liquidity, resonating with investors. India's private credi...
Short-term relief or long-term risk? Trump’s proposed credit card rate cap explainedA proposed one-year cap on US credit card interest rates could help borrowers now. However, experts warn that this might reduce credit avai...
Banks told to double micro card rollout for faster MSME creditBanks are being urged to double their target for issuing Micro Enterprise Cards this year. This initiative aims to provide quick working ca...
Should you pay your income tax via credit card: Here's what you need to knowWhile most people are familiar with payment options like net banking, UPI, or debit card, fewer know that they can also pay their income ta...
New HDFC Bank credit card rules from August 1, 2024: New charges, late payment fee, bill payment rules, and moreNew HDFC Bank credit card rules: HDFC Bank has recently announced significant updates to the terms and charges applicable to its credit car...
Payments Council seeks government help post RBI’s fintech orderThe council - under the Internet and Mobile Association of India (IAMAI) - said wallets that comply fully with know your customer (KYC) nor...
Buy SBI Cards and Payment Services, target price Rs 1200: Motilal OswalSBI Cards and Payment Services Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 90048.96 Crore) opera...
Tata Steel UK raising £200m from consortium of banksThe loan – denominated in pound sterling – has likely been priced at 175 basis points (1.75 percentage points) higher than the London Inter...
Tata Steel UK to raise £200 m from a consortium of banksThe loan is marked as revolving credit facility (RCF), and the syndication agreement was signed last week. . The loan — denominated in poun...
After $3.4B financing, Robinhood explores raising more debt to fulfill order frenzy: ReportRobinhood needs the money to backstop trades that its customers place, because its clearinghouse has asked for more collateral due to heigh...
Consumer business focused bank stocks face heatPrivate banks with substantial unsecured loans exposure are bearing the brunt.
Moody's lowers RCom unit GCX's bond ratingLast Saturday, RCom posted its first ever annual loss since its inception - of Rs 1,285 crore.
Budget 2014: Key indirect tax expectations by the IT sectorIntroduction of GST shall clearly benefit the IT sector by resolving issues like dual tax on software, rationalization of cross credits, ta...
Facebook signs $8 billion credit deal with lendersFacebook, which has at least 46 million active users in India, has secured credit deal worth a whopping $ 8 bn from a consortium of banks b...
- Co-op farming gains pace in AP
Co-operative farming will be the new mantra for boosting farm sector growth in Andhra Pradesh, the rice bowl of India.
- It's no rush-hour for ECBs
The 50 bps cut in interest rate by US Fed has already made quite an impact on the stock and money markets.
'Private investment will get tax breaks in budget'You could look forward to some tax breaks in the coming Budget aimed at bolstering investments. Finance minister Yashwant Sinha told ET in ...