Central bank has issued new rules regarding quick release of loan-related asset documents, which are expected to benefit borrowers, especially homeowners.
New Delhi: A combination of stagnant or decreasing incomes, rising expenditure, a profusion of credit cards and ‘Buy Now-Pay Later’ (BNPL) offers has resulted...
Failing to comply with the direction, Regulated Entities (REs) would compensate the borrower at the rate of Rs 5,000 for each day of delay, RBI said in a notification.
India must offer the rest of the world sizable amounts of safe, readily available, and convertible assets that could be used as collateral in financial markets.
According to Reserve Bank of India report, Haryana — home to growing industry hub Gurugram — attracted only 1% of bank-assisted projects sanctioned in 2022-23.
Although core inflation in India remains elevated, steady easing over the last few months indicates that monetary policy transmission is happening, Shaktikanta Das said.
The ministry's comments come weeks after data showed retail inflation in July rose to its highest in 15 months, as vegetable and cereals prices skyrocketed.
The RBI observed that many lenders charge penal rates over and above the applicable interest rate on loans in case of defaults that breach the terms of credit facilities.
Central govt's capital expenditure has seen strong growth. State finances present an encouraging picture with better tax revenue collections & improved capex spending.
The recent resignations of its seniormost judges are among the most pointed institutional protests Pakistan has witnessed since the lawyers’ movement of the late 2000s.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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