Loan sell-down by personal loan NBFCs amounted to about Rs 1,150 crore in FY2023 and had already crossed Rs 800 crore in H1 FY2024
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The penalties, amounting to crores of rupees, were imposed following an assessment of the banks' adherence to RBI guidelines and directives
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The highest number of rejected claims (53 per cent) fell in the sum insured category of Rs 5 lakh
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Sharma, India-Head of Stocktwits says it will become the most sought-after platform for those interested in the markets
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Fitch Ratings views these changes as a credit-positive effort by regulatory authorities to control emergent risks in consumer credit
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Probe ordered after a whistleblower complaint revealed a pattern that whenever securities held by a fund scheme faced ratings downgrade or risk of adverse credit view, they were simply moved to another scheme with higher retail participation An attempt was made to hide bad investments in some Indian schemes by transferring them into other global funds. The Indian schemes continued to buy bad papers.
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Deputy governor has said that the adequate efforts are not made to provide timely solutions to grievance redressal and have not kept pace with advancing technology
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The segment of personal loan pool has increased fourfold in the first half of fiscal year 2024 compared to the same period in fiscal year 2023
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