Personal loans drive credit growth in May

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Outstanding personal loans as of May 20 at Rs 34.67 trillion remained higher compared with the outstanding credit to industry at Rs 31.65 trillion and to the services sector at Rs 30.43 trillion, Reserve Bank of India (RBI) data showed. The personal loans segment maintained an uptrend in May, rising a smart 16.4%, on the … Read more

Non-bank microfinance institutions seek lenders’ meet on extension of loan moratorium

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With the microfinance sector in Assam being badly hit due to a drastic fall in collection efficiency owing to devastating floods, non-bank microfinance institutions (NBFC-MFIs) have approached the State Bank of India (SBI), the convenor of the State Level Bankers’ Committee (SLBC), to convene a meeting to extend loan moratorium facility to the affected borrowers. … Read more

Net interest margins to be under pressure for a quarter: HDFC chairman Deepak Parekh

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HDFC will hold a separate meeting for shareholders’ approval for merging the corporation with HDFC Bank. Speaking at the annual general meeting in Mumbai on Thursday, HDFC chairman Deepak Parekh said shareholders should show patience and avoid raising questions regarding the merger at the special meeting to be held subsequently. The merger, which was announced … Read more

Gold loans drop in May shows RBI data

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Loans taken against gold jewellery witnessed a decline in May, indicating an improvement in the overall economy. Personal loans taken by keeping gold as collateral declined 2.9% in May   even as all other categories of personal loan posted improved, data released by the Reserve Bank of India showed. Banks issued loans of up to Rs … Read more

ETMarkets Crypto Q&A | Parth Chaturvedi, Lead Crypto Ecosystem, CoinSwitch Kuber – The Economic Times Video

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ETMarkets Crypto Q&A | Parth Chaturvedi, Lead Crypto Ecosystem, CoinSwitch Kuber – The Economic Times Video | ET Now Advertorial YouTube | 01 Jul 2022, 12:32 PM IST Watch Parth Chaturvedi, Lead Crypto Ecosystem, CoinSwitch Kuber answer a range of questions on how to build your crypto portfolio 72views Related Videos 19:42 ETMarkets Crypto Q&A … Read more

NBFCs less likely to face capital adequacy shocks: RBI

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The majority of non-banking finance companies (NBFC) are well capitalised and are less likely to face capital adequacy risks going ahead, the Reserve Bank of India (RBI) said in its Financial Stability Report (FSR). The asset quality of the sector has significantly improved and NBFCs are less likely to face capital adequacy shocks even in … Read more

Regulators must be mindful of BigTech interlinkages with financial institutions: Financial Stability Report

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As large technology companies, often termed as ‘BigTech’, scale up and turn into “too-critical to fail” institutions, regulators must be mindful of their interlinkages with the financial system, the Reserve Bank of India (RBI) said in the June 2022 Financial Stability Report (FSR). “BigTechs can scale up rapidly and pose risks to financial stability, which … Read more