Non-bank lenders in Mumbai plan to address the Reserve Bank of India regarding proposed co-lending rule changes. The new model suggests joint loan disbursement, replacing the current assignment practice. NBFCs worry about increased risk and liquidity strain due to longer loan holding periods. Banks are also concerned about dual default reporting affecting borrower trust.
US stocks today: S&P 500 and Nasdaq hit record closing highs as US and Iran agree to extend ceasefire
The S&P 500 and Nasdaq hit record closing highs as hopes of a US Iran ceasefire extension boosted sentiment. Investors also digested US inflation rising