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Know the importance of a good CIBIL score for personal loans
The lender ensures the value of the collateral is higher than the loan, so as to have a reasonable comfort in case of a default
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Microfinance industry grew by 5.16% to Rs 2.43 lakh crore
NBFCs accounted for another 6.85% and other MFIs account for 1.05% of the universe, the report said
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RCap bondholders likely to recover only 50% of investments
Total outstanding bonds are estimated to be around Rs 15,000 crore
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NBFC bad loans likely to see a spike as RBI tightens guidelines
Assets categorisation norms brought on par with norms that govern banks
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RBI announces scale-based regulatory structure
The new regulatory framework will be effective form October next year
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Protection of NBFC customers’ interest non-negotiable: RBI deputy governor
He said at the NBFC Summit that we should not compromise on the ethos of finance for mercurial or ephemeral gains
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NBFCs rule the roost in mass-market loan space
Public sector banks, on the other hand, dominate the affordable housing loan space, wherein their market share is 37%.
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CARS24 raises $ 450 million funding
In a Series E funding in November last year, the company has raised $200 million and prior to this it had raised $400 million previously
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Demand for retail loans increases from FY 17 to FY21
As of March 2021, two-wheeler loans had a portfolio outstanding of Rs 77,900 crores, growing at a rate of 10.6 % by value and 6.3 % by volume
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KYC: RBI has some good news for bank customers
In recent times the central bank has received complaints and reports about customers being cheated in the name of KYC updation
