Unsecured retail loans’ growth to ease in FY24: Crisil Ratings
“The recent regulatory measures are targeted at unsecured retail loans and do not impact the secured asset classes where growth is expected to be steady”, said Gurpreet Chhatwal, managing director at Crisil Ratings.
RBI’s eye always on inflation, yet takes in other factors, too: Shaktikanta Das
Following rapid increases in the policy repo rate by a cumulative 250 basis points from May 2022 to February 2023 to cool inflation, the RBI has held rates steady since. One basis point is a hundredth of a percentage point.
No saviour flies in for Go First, airline may fly into liquidation
“There are only two options, either liquidation or extend the resolution timeline in the hope of finding a buyer. Lenders are inclined toward liquidation since it is unlikely that this airline will find any buyers due to the legal and operational issues it is facing,” said a person familiar with the process.
LIC plans to launch assured return product to increase market share
Our market share is down in group business because we could not get some of that. Our individual business is growing, and I am confident of growing market share in the coming quarters.
Lenders facing known and unknown challenges, need agile responses: Bank chiefs
HSBC India CEO Hitendra Dave said though technology has made banking easier, the risks are sometimes unknown. He cited the example of the ransomware attack on the world’s largest lender by assets Industrial and Commercial Bank of China (ICBC) earlier this month which forced the bank to re-route trades using spreadsheets stored on portable drives […]
Sebi board likely to discuss regulation of realty platforms, ‘delisting’ changes
The intention to bring in rules for investment platforms offering fractional ownership of real estate assets comes in the wake of growing demand for such products in recent times.