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RBI red flag: 10% retail debtors missing EMIs
RBI has said that about 10% of the retail borrowers are regularly missing their EMIs but are just managing to stave off the non-performing asset stam
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Don’t be a victim of fraud. Follow these steps
The largest chunk of money siphoned off due to frauds belong to loan-related frauds. The Reserve Bank’s Annual Report 2022-23 says there were a tot
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Credit card usage up, so are NPAs
The data release comes amid news reports stating that the RBI has been cautioning banks about the risks on unsecured books, which includes credit card
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20% TCS on international card payments dropped
The Finance Ministry has also deferred to October 1, the implementation of a higher TCS of 20 per cent on expenditures made under LRS and overseas tou
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Govt studying readiness for TCS from July 1
A few banks have raised questions and concerns about the level of preparations that the stakeholders need to smoothly implement the new directive
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Banks go slow settlement with wilful defaulters
The intention of the banks is to prepare a thorough and fool-proof framework for such deals that might be later taken to courts and scrutinised for ac
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All credit bureaus fined for ignoring customer complaints
Credit score bureaus perform an extremely important function in the economy since they accumulate and maintain financial information about consumers a
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RBI’s ongoing onslaught against inflation
Deadline to apply for higher pension could get extended; Shree Cement falls by over 10%; Tomato prices goes up to 120 rupees; Kia India to recall 30,0
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FLDG back and fintechs are happy!
This is a scheme where a bank and a fintech enter a lending arrangement, where the fintech guarantees to compensate a certain percentage of default in
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Banks' quick response on QR code front
An increasing number of banks are reluctant to let customers move out of their ecosystem and allow the fintech entities partake of the gains. Banks no
