State govts may fix 'guarantees' at 5% of revenue, says RBI group The RBI working group also recommended that besides charging a guarantee fee, states may levy an additional risk premium based on the risk category and the tenor of the underlying loan

RBI panel makes several suggestions on state government guarantees A Reserve Bank working group has suggested that state governments should charge a minimum fee for guarantees extended by them on loans taken by their enterprises, local bodies, and cooperative institutions. Keeping in view the inherent risks associated with the guarantees extended by the state governments on their fiscal health and ...

Shriram Finance to issue over 3 yr dollar denominated bonds: Bankers The funds will be used to support social projects and other activities allowed under the Reserve Bank of India’s external commercial borrowing guidelines, a term sheet showed

Dollar up 0.47%, hits 1-month high amid tempered expectations of rate cut Comments from European Central Bank officials downplaying the idea of early rate cuts overshadowed the outlook for borrowing costs globally

After death of home loan borrower, husband fights for 13 years for life insurance claim against SBI Life Insurance and wins [ad_1] SBI Life Insurance was ordered by the National Consumer Disputes Redressal Commission (NCDRC) to pay a deceased customer’s husband the full amount of insurance claim to settle the remaining amount of home loan taken from State Bank of ...

Rupee depreciates 11 paise to 82.97 against US dollar in early trade The rupee reversed its nine-day upward movement and depreciated 11 paise to 82.97 against the US dollar in early trade on Tuesday, tracking a strong American currency against major overseas rivals and subdued equity market sentiment. Some inflow of foreign funds supported the Indian currency which was weighed ...

Interim Budget 2024 could ease tax burden of homebuyers via these benefits [ad_1] The Income-tax Act, 1961 (Act) provides certain benefits to home buyers if they have taken a home loan for buying house property. These benefits are in the form of deductions from taxable income for interest paid on a home loan and repayment of the principal component. Such ...

RBI releases draft framework for fintech self-regulatory organisation The body would work towards strengthening governance standards and addressing the sector’s needs and challenges, the central bank said

Reserve Bank of India likely to withdraw relief to govt-owned NBFCs Substantial time has elapsed since Government owned NBFCs were brought within the ambit of prudential regulations in May 2018

RBI may shift policy stance to neutral by Jun, cut rates by Aug: Nomura The Reserve Bank may shift the monetary policy stance to “neutral” by June and deliver rate cuts starting August this year, a Japanese brokerage said on Monday. Pointing out to softer core inflation ‘or price rise in items excluding food and fuel’ in the data released ...