Investment funds managers face tougher rules on investor cash calls Global regulators published tougher rules for managers of open-ended investment funds to ensure they can meet investor cash calls in a crisis without need for emergency liquidity from central banks

Only 18% digital loan borrowers understand data privacy rules: Study 60% of them are worried about how personal data is collected and used by lending apps

Banks seek RBI's nod to defer penal interest guideline by 3 months The RBI issued guidelines instructing banks to levy charges rather than increase the interest rate for borrowers who fail to meet the terms and conditions of a loan contract starting January 1, 2024

Liquidity deficit widens to Rs 2 trn, on back of advance tax outflows CD issuances in December highest in this financial year

Centre, Asian Development Bank sign two loan pacts worth $250 million Manila-based Asian Development Bank (ADB) on Monday said it has approved two loans, including funding for the construction of an 82-km Delhi-Meerut Regional Rapid Transit System (RRTS) corridor, of USD 250 million each. The other loan of USD 250 million towards continued support to industrial corridor development to make ...

Bank NIMs may dip further by 30 bps over few quarters: CARE Ratings Banks are still grappling with policy rate hikes on deposits, along with regulatory actions on unsecured lending

Lawmakers to hold discussions with select banks, insurance cos next year Indian government, in 2019, announced the merger of 10 state-owned banks into four lenders

India's foreign reserves jump to a five-month high of $607 billion The total reserves rose due to the increase in foreign currency assets, which rose by $3 billion in the week

Loan EMIs to rise! SBI hikes MCLR by up to 10 basis points According to the SBI website, only the overnight rate has remained unchanged. As of December 15, the MCLR for the one-year tenure has been raised to 8.65 per cent, up from 8.55 per cent

S&P downgrades Vedanta Resources to 'CC' on potential bond extensions The ratings remain on CreditWatch with negative implications, where they were first placed on September 29, 2023