Banks’ loan growth moderated for a fifth straight month in November, central bank data showed, as lenders continued to rein in unsecured and personal loans after the Reserve Bank of India’s crackdown on “exuberant” lending. Banks’ credit increased by 11.8% year-on-year last month, slower than the 16.5% rise in November 2023, excluding the impact of … Read more
On Friday, Reserve Bank of India (RBI) Governor Shaktikanta Das said the central bank plans to introduce a unified regulatory framework for web-aggregation of loan products (WALP) across all regulated entities. This new initiative aims to ensure fair practices, customer protection, and data transparency. The Governor said there is a need for a comprehensive approach, … Read more
MUMBAI: The net profit of the non-government non-banking financial and investment companies (NGNBF&I) moderated to 2.6 per cent during 2018-19 from 5.3 per cent in the previous financial year, according to a study by the RBI. These companies, however, recorded a robust growth of 21.9 per cent during 2018-19 on the back of increased lending … Read more