Personal finance

During February and December 2019, the repo rate was brought down by 135 basis points from 6.5% to 5.15%.Inadequate credit flow from commercial banks and non-banking financial companies (NBFCs) to industry has frequently been cited as a…
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RBI governor Shaktikanta DasIt will take a few more quarters to see if signs of growth revival visible now are sustainable, Reserve Bank of India (RBI) governor Shaktikanta Das tells Shritama Bose and Malini Bhupta . The central bank is…
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One option is to use some of SoftBank’s 26% stake in Chinese e-commerce major Alibaba Group Holding Ltd as collateral, the people said. (Reuters)SoftBank Group Corp’s talks to secure $3 billion from Japan’s three biggest banks have…
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The new investigation also did not find indications that Thiam or others in the board or management “had any knowledge of the observation of Peter Goerke until media reported on it,” the statement said. (Reuters)An internal Credit Suisse…
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For NBFC-MFIs’ total exposure in Assam is around Rs. 4,000 crore, and on monthly basis 8-10% of the total exposure comes for loan repayment from customers.The Microfinance industry is facing the heat of the current turmoil in Assam.…
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Retail advances grew from Rs. 22 lakh crore in FY14 to Rs. 48 lakh crore by March 2019.Over the next five years, the retail loan book of financiers in India would double to Rs. 96 lakh crore, according to a study by ICICI Bankand…
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Over the past 11 months, average lending rate (on outstanding loans) has been broadly steady.Absence of effective rate transmission, we fear, could jeopardise banks’ NIM trajectory due to incremental pressure on yields given: (i) spread…
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The Indian Banks’ Association (IBA), headed by SBIChairman Rajnish Kumar, will come out with a framework around April to address issues related with consortium lending to industry and finding solution for alternate sources of borrowing…
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RBI has given the task to a special supervisory cadre to monitor information coming from all banks, sources told FE.By Ankur MishraIn a move that will ensure that all banks present an accurate picture of stress on their books and…
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Violent protests rocked the state last week with agitators engaging in pitched battles with the police, forcing the administration to impose curfew in several places. (IE)Microfinance institutions which have started witnessing delay in…
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