Several digital lenders and microfinance companies have approached the Reserve Bank of India to introduce a formula for calculating interest rates on small-ticket loans. They argue that a regulatory formula would ensure fair pricing, prevent business disruptions, and reduce the risk of regulatory actions. The industry seeks clarity and a framework modelled after practices in other countries.
Dollar hovers ahead of PCE and tariff onslaught
The dollar is heading for a steady week and next week’s quarterly loss due to concerns over tariffs slowing U.S. growth, affecting yields, stocks, and
March 28, 2025