A good credit score is an essential pillar of one’s financial foundation. It’s not merely a digit or a figure, it represents your fiscal responsibility, discipline, and predictability.
Central bank has issued new rules regarding quick release of loan-related asset documents, which are expected to benefit borrowers, especially homeowners.
Addressing the nation on the 77th Independence Day, Modi said his government will soon launch the scheme for middle-class families living in cities but do not own a house.
In FAQ document, RBI says its new guidelines won't stop penal proceedings against wilful defaulters & that recoveries will continue even if loans are technically written off.
Banks were also asked to monitor the mark-to-market impact on their trading books amid rising interest rates and maintain their liquidity ratios, banking sources said.
The scheme aims to facilitate collateral-free working capital loans to street vendors who want to restart their businesses that were adversely impacted during Covid-19 lockdown.
Unlike terms & condition document, key facts statement is a simple, page-long snapshot of key information about a loan. However, depth of information it offers can be shallow.
At ThePrint ‘Off The Cuff’, IMF Executive Director KV Subramanian tells Editor-in-Chief Shekhar Gupta & Deputy Editor TCA Sharad Raghavan the missing link between credit control & policy rates.
Last week, Canara Bank in an RTI disclosure said it has written off loans worth Rs 1.29 lakh crore in last 11 yrs. Opposition leaders then slammed govt over 'loot' of public money.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
India exited the Indo-Russian FGFA programme in 2018. But now it might procure at least 2 squadrons of Su-57 aircraft from Russia and evaluate Russian proposal to manufacture them in India.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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