Unsecured loans have been a concern for RBI for a while now. Last year, it took steps to make it more expensive for banks, NBFCs to give them out in bid to deter such borrowing.
Bajaj Finserv, a leader in the financial services sector, simplifies the journey by offering innovative home financing solutions tailored to meet the needs of today’s buyers.
Following an investigation, SEBI found several serious discrepancies and lapses in the way Ambani’s company Reliance Home Finance had disbursed loans, including to related parties.
Urban cooperative banks account for bulk of fines by RBI. A significant share of these are for loans given to related parties — the overwhelming majority by institutions in Gujarat.
RBI has issued consolidated rules on wilful defaulters, dealing with their definition and treatment, including when the controversial compromise settlement process is involved.
‘We all bear a collective responsibility to speak up and not be silent when we see things like the events of the last week,’ Jeff Dean, chief scientist at Google, wrote on X.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
The proposed project costing about Rs 3.25 lakh crore will entail procurement of 18 aircraft in fly away condition & the rest made in India with up to 60% indigenous content.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
COMMENTS