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RBI cancels Rupee Co-operative’s licence; lender to cease business Sep 22   The Reserve Bank of India (RBI) on Wednesday cancelled the licence of the Rupee Co-operative Bank, saying the Pune-based lender does not have adequate capital, earning prospects and it does not comply with regulations.   Rupee Co-operative will cease to conduct business from September 22. Maharashtra’s Commissioner for ...

Loans for bad credit with no credit check from top financial services in 2022   Anyone can find themselves in a difficult financial situation. On top of that, having a low credit score as a result of a financial crisis may make things even worse. However, you need not fear because some lenders are now offering loans even for bad ...

SBI, Bank of Baroda may look to raise Rs 8,000 cr through bond sale Country’s largest lender State Bank of India may look to raise funds worth Rs 4,000 crore through issuance of tier-II bonds once it completes its planned sale of Rs 7,000 crore worth of additional tier-I (AT-1) bonds at the end of this month, sources said.   ...

BOI Home Loan Interest Rates: Bank of India hikes home loan interest rates The Reserve (RBI) raised the repo rate by 50 basis points to 5.40 percent on Friday during its MPC meeting. Following this, many banks hiked their lending rates with immediate effect, including , , and Bank of India. This indicates that the interest rates on home loans ...

Trading on crypto exchange WazirX drops by over 55%, WRX token loses sheen Homegrown cryptocurrency exchange WazirX has witnessed a sharp 50 per cent drop in trading on its platform, while its WRX crypto token nosedived from Rs 23 per coin earlier this month to Rs 17 on Wednesday, as the row between Nischal Shetty-run crypto platform WazirX and Changpeng ...

10 instant payday loans online: Get same-day cash advance loans for bad credit in 2022 Even when one tries to budget expenses and expenditures to the penny, there are times when things end up getting out of hand. Unlike traditional banks, payday loans do not require a thorough or hard credit check. However, even though payday loans are easy to ...

RBI to implement some recommendations of working group on digital lending   The RBI has accepted some recommendations made by the working group on digital lending (WGDL), effective immediately.   Here are a few of the key recommendations: * Loan disbursals and repayments can only happen between the bank accounts of borrowers and an RBI-regulated entity without any pass-through.   ...

Bandhan Bank hikes savings account interest rates   Bandhan Bank has increased the interest rates on its savings accounts. According to the Bandhan Bank website, the new interest rates are effective from August 8, 2022. On savings accounts with a daily balance up to Rs 1 lakh, the bank would continue to give a 3% interest rate. The bank raised ...

RBI categorises digital lenders into three groups, releases guidelines After a long wait, the Reserve Bank of India (RBI) on Wednesday released the digital lending guidelines based on the principle that lending business can be carried out only by entities that are either regulated by the central bank or entities permitted to do so under any other law.   The ...

FY23’s interest coverage ratio likely to deteriorate: Bank of Baroda study   The interest payments of the companies is going to increase going forward because interest rates are expected to go up in the rising rate cycle where the Reserve Bank of India (RBI) has already front loaded 140 basis points hike in policy rate.   Interest payments will also ...