RBI orders JM Financial to stop financing against shares, debentures
Apart from violating regulatory guidelines, there are serious concerns about governance issues in JM Financial Products, says RBI
Apart from violating regulatory guidelines, there are serious concerns about governance issues in JM Financial Products, says RBI
Such concentrated linkages may create a contagion risk, says Shaktikanta Das
In the past two years, personal loans grew around 24% and credit card loans grew 28% compared with the overall banking sector's credit growth of around 15%.
This excludes housing loans, education loans, vehicle loans, loans secured by gold and gold jewellery, and microfinance loans
The central bank says non-adherence of Bajaj Finance to the extant provisions of digital lending guidelines of the Reserve Bank of India necessitated this action.
Heavy concentration of retail loans is adding risk to bank books. It's time to move with caution.
Bank reports bumper profits as single-minded focus on customer acquisition pays off.
Here is what brokerages made of Bajaj Finance's fourth-quarter earnings
Moody's expects the Indian economy will remain vulnerable to bouts of heightened financial market volatility.
Under the MUDRA loan scheme, banks and financial institutions have sanctioned over 40.82 crore loans amounting to ₹23.2 lakh crore.