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USURIOUS PRICING
What happened to Trump’s promise of a 10% cap on credit card interest rates?President Trump is demanding a 10% cap on credit card interest rates to slash record debt. Current APRs exceed 21%, costing Americans billi...- Treat customers with dignity, ensure easy-to-understand pricing, RBI deputy governor tells NBFCsRBI Deputy Governor Swaminathan J. urged NBFCs in Chennai to prioritize customer dignity and transparent pricing, cautioning against exploi...
- Stuck digital lenders look to RBI to ease unsecured loan rulesThe digital lending industry is urging the Reserve Bank of India (RBI) to reinstate short-term credit products, underscoring a clear need w...
- India's central bank begins unwinding curbs on NBFCsThe Reserve Bank of India has eased supervisory restrictions on several non-banking financial companies, including Asirvad Micro Finance, N...
- RBI removes lending restrictions on microfinance company Arohan Financial ServicesThe Reserve Bank of India has lifted the lending restrictions on Arohan Financial Services. The ban was initially imposed due to unfair pra...
- RBI lifts restrictions on Sachin Bansal's Navi FinservThe Reserve Bank of India lifted restrictions on Navi Finserv. This decision follows the company's rectification of deficiencies after seve...
- MFIs reduce lending rates as RBI voices concernsSeveral microfinance lenders in India have reduced their lending rates in recent months following regulatory scrutiny from the Reserve Bank...
- RBI allows home loan disbursals sanctioned before Oct 20: Navi FinservThe Reserve Bank of India has permitted Navi Finserv to resume disbursing scheduled home loans sanctioned prior to October 20. This decisio...
- Rate cut 'risky, premature' as growth remains steady, says RBI's Shaktikanta DasRBI's governor Shaktikanta Das during India Credit Forum hosted by Bloomberg said cutting interest rates in coming Monetary Policy Committe...
- RBI bans four finance companies from sanctioning and disbursing new loansThe Reserve Bank of India has banned four finance companies, including Navi Finserv and DMI Finance, from issuing new loans due to excessiv...
- Retail credit boom creating balance sheet risks: Shweta DaptardarThere will be recalibration even on the risk pricing rates front as well. Perhaps we might see some review in guidelines coming from RBI in...
- 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...
- 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 ...
- Regulatory red flag over gold loansThe surge in gold jewellery loans raises concerns for regulators due to the sustained rally in gold prices and the potential for borrowing ...
- Kotak Mahindra Bank aims to grow gold loan book faster than the industryKotak Mahindra Bank aims to accelerate its growth in the gold loan sector, targeting faster expansion than the industry average. The bank s...
- RBI wants fintech operators to follow rules of game, says Guv Shaktikanta DasThe statement assumes importance in the wake of the recent incidences wherein a few people who borrowed through these apps have been forced...
- RBI removes lending rate cap on NBFC-MFIs, changes microfinance definitionWhile this move is on an expected line, RBI surprised the market by raising the annual household income level to 3 lakh for classification ...
- Rural India waits for its share of reformsIt is time to do away with sarkari initiatives that have not worked for the farmer and instead allow free market to flow in.
- Govt can plug revenue leakage by banning carriage fees, says broadcasting industryIndustry sources have said that banning carriage fees in the new digitisation of cable distribution regime wef July 1 is necessary to plug ...
- 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 ...
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