According to a recent report from the Reserve Bank of India’s September bulletin, non-banking financial companies (NBFCs) in the middle layer have the highest percentage of unsecured loans, holding 27.3% as of December 2023. This is closely followed by upper-layer NBFCs at 24.3%. Both categories saw a decrease in their respective shares from December 2022, ...
 "Himachal Pradesh extends educational loans for overseas studies, empowering economically weaker students to pursue their dreams without financial barriers.")
Himachal Pradesh Chief Minister Sukhwinder Singh Sukhu announced an expansion of the Dr YS Parmar Vidyarthi Rin Yojna to include overseas education for students. The state cabinet approved this initiative, allowing eligible students to receive educational loans up to Rs 20 lakh at a low interest rate of one percent for studying abroad. This move ...
 "IIFL Finance, a key non-bank lender, regains RBI approval for gold loans, overcoming scrutiny to restore vital business operations.")
IIFL Finance, a leading non-bank lender, recently announced that the Reserve Bank of India (RBI) has lifted restrictions on its gold loan operations. These limitations were imposed in March 2024 due to concerns about the accuracy of gold evaluations and compliance with regulations. With the RBI’s decision now effective, IIFL Finance can resume its activities ...
 "HDFC Bank is negotiating to offload Rs 8,400 crore in loans to strengthen finances amid rising credit-to-deposit ratio concerns.")
HDFC Bank, India’s largest private lender, is negotiating with global banks like Barclays, Citigroup, and JPMorgan to sell around Rs 8,400 crore (about $1 billion) in loans. This move aims to improve its credit-to-deposit ratio, which has been under pressure due to rapid loan growth compared to deposits. The bank is also in talks with ...
 "RBI Proposes Same-Day Loans for Vendors: A Bold Step Toward Inclusion")
The Reserve Bank of India (RBI) is encouraging fintech companies to consider offering “same-day” loans specifically designed for street vendors and hawkers. These loans would allow borrowers to receive and repay funds within 24 hours, aiming to enhance financial inclusion for individuals at the lower end of the economic spectrum. However, sources indicate that interest ...
In a recent statement, the Depository Trust and Clearing Corporation (DTCC), a key player in the trading landscape, has declared that Bitcoin and other cryptocurrency-based Exchange-Traded Funds (ETFs) will not be recognized as collateral for financial assets. This decision has major implications for investors and the broader cryptocurrency Market, as it affects how these digital ...
