The RBI is concerned about the strong growth in some personal loans and is watching out for any stress in that segment, asking banks, NBFCs and fintechs to strengthen their surveillance mechanisms. “Certain components of personal loans are recording very high growth… These are being closely monitored by RBI for any signs of incipient stress,” … Read more
The Reserve Bank of India (RBI) on Wednesday said regulated entities have to release original property documents to retail loan borrowers within 30 days of full repayment, and any delay would attract a penalty. This would include consumer credit, education loans, loans given to create or enhance immovable assets and loans for investment in financial … Read more
In an interview with ET, Piramal Enterprises (PEL) Chairman, Ajay Piramal projected the following. To double loan book by FY28 to about 1.2-1.3 lakh crore i.e., a CAGR of about 15% The growth will come significantly in retail through secured as well as unsecured lending. Like many other NBFCs, PEL is also banking on technology … Read more
The 46th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) is being held on Monday. The RIL AGM is a major event for the Indian business community. The announcements made at the meeting could have a significant impact on the Indian economy. Investors are therefore eagerly awaiting the meeting to hear what Mukesh Ambani … Read more