There are thousands of people who are troubled by threats & harassment of loan recovery agents, a problem exacerbated by proliferation of instant loan apps that offer money at a click.
The central bank said that Bajaj Finance did not issue key information to borrowers under the eCOM and Insta EMI Card lending products, which offer small-ticket consumer finance.
Geopolitical conflicts & new cold war have upended oil, various food and commodity markets. Climate-change issues will impose other costs. So, prices will rise even if demand is weak.
Minutes of Monetary Policy Committee meeting show that several members felt debt-fuelled consumption could become a ‘self-fulfilling prophecy’ to boost overall growth.
Bob World app has 8.1 million daily transactions, while 43% of time deposits are obtained through the app, the bank had said in its quarterly presentation in August.
RBI’s Consumer Confidence Survey released Friday also shows that a larger share of people had cut back on essential & non-essential spending as compared to July.
It will attract more foreign funds and support diversification of investor base. Continued focus on macro-stability and fiscal prudence will be crucial to navigate associated challenges.
Central bank has issued new rules regarding quick release of loan-related asset documents, which are expected to benefit borrowers, especially homeowners.
Many offices in Telangana have asked their employees to work from home because of heavy rainfall, but it has become impossible due to the internet outages.
The Navy has always been on board with the theaterisation plan, but the Air Force feels splitting up air assets into several theatre commands is futile & will tie up critical systems.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
COMMENTS