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USURIOUS INTEREST RATES
Are variable pay, incentives driving risky growth at NBFCs?As India's NBFC sector grows rapidly, driving financial inclusion, some of these companies are taking risky paths to growth through exubera...09 Oct, 2024, 02.43 PM IST- Micro lenders cut rates, vow to improve ops as RBI governor flags 'usurious' chargesThe industry body Microfinance Institutions Network (MFIN) announced that microfinance entities have begun reducing loan interest rates and...01 Aug, 2024, 06.28 PM IST
- RBI cautions micro finance lenders against usurious interest ratesThe Reserve Bank of India (RBI) has warned lenders, particularly in the microfinance sector, against charging "usurious" interest rates by ...08 Jun, 2024, 09.36 AM IST
- Mostly Welcome Microfinance NormsThe RBI paper now seeks to streamline and update microfinance regulation across all regulated entities, which makes perfect sense. The rate...23 Jun, 2021, 11.55 PM IST
- Cartoonist held in Tamil Nadu for caricature on CM K Palaniswami over usury: PoliceCartoonist G Bala alias Balakrishnan was arrested in Chennai by a special Tirunelveli District Crime Branch Police team led by an inspector...05 Nov, 2017, 09.53 PM IST
- Government planning an easy credit scheme for rural householdsThe government aims to reduce dependence on local moneylenders and microfinance companies who charge usurious interest rates as against 11%...19 Apr, 2017, 07.13 AM IST
- How courts can protect farmers against usuryOn a recent trip to a rural area near Trichy, a woman from a farming community approached me with a bunch of papers seeking legal advice.06 Jan, 2017, 01.27 PM IST
- RBI asks banks not to charge usurious interest rate on loansRBI has advised boards of banks not to levy usurious interest rate including processing and other charges on loans.18 Jul, 2014, 05.43 PM IST
- Investors return to micro-finance space with investments worth Rs 869 crore in FY13Even as lenders battle over the controversial laws by the state govt, ten investors, domestic as well as foreign, have invested $158 mn in ...29 May, 2013, 07.05 AM IST
- MFIs no better than money lenders, must be regulated: YV ReddyAmid the crisis in the micro finance industry, former Reserve Bank governor Y V Reddy said the micro finance institutions (MFIs) should be ...22 Nov, 2010, 08.24 PM IST
- AP Government to act tough against erring MFIsAndhra Pradesh CM K Rosaiah on Saturday directed the District Collectors to act tough against microfinance institutions that were fleecing ...23 Oct, 2010, 02.24 PM IST
- Banks may find it tough to ensure microfinance companies don’t charge high ratesBanks will have to put in place a mechanism to verify that microfinance institutes they finance do not charge exorbitant rates to the final...21 Sep, 2010, 03.26 AM IST
- Credit card cos breathe easy as SC refuses to vacate stay order on interestSC on Monday refused to interfere with its order that stayed an order of the National Consumer Disputes Redressal Commission which had rest...23 Feb, 2010, 08.59 AM IST
- Credit card issuers face interest curbsMany credit card companies charge interest rates of nearly 3% a month for credit card outstanding, which on annualizing works out to more t...14 Dec, 2009, 02.53 AM IST
- Credit, but at what price?Unsecured loans may sounds tempting, but, they carry high interest rates and also other charges.12 Jul, 2007, 06.01 AM IST
- RBI for ceiling on personal loan ratesThe Reserve Bank of India on Monday asked all commercial banks to fix a ceiling on rates and processing charges to be levied on borrowers.07 May, 2007, 10.50 PM IST
- RBI asks banks not to charge exorbitant interestAmid reports that some banks have hiked service charges, the Reserve Bank on Tuesday came to the aid of customers and asked banks not to ch...24 Apr, 2007, 06.05 PM IST
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