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The report of the RBI working group on digital lending, released on November 18, recommended, among other things, the constitution of an SRO covering the participants in the digital lending ecosystem.

FACE applies to RBI to become self-regulatory organisation for digital lending

4 hours agoJanuary 20, 2022

PNB Housing Finance, PNB Housing Finance Q3 results, PNB Housing Finance results

PNB Housing Finance’s Q3 PAT down 19% as NPAs rise

5 hours agoJanuary 20, 2022

Bank of Maharashtra, Bank of Maharashtra results, Bank of Maharashtra Q3 results

Bank of Maharashtra’s net profit jumps 110.70% to Rs 325 crore

6 hours agoJanuary 20, 2022

digital lenders, RBI, banking news, self regulatory organisation,

Digital lenders’ body seeks RBI nod to be recognised as an SRO

10 hours agoJanuary 20, 2022

Bank of Maharashtra, Bank of Maharashtra news, Bank of Maharashtra results, Bank of Maharashtra Q3 results

Bank of Maharashtra Q3 net profit more than doubles to Rs 325 crore on higher NII growth

11 hours agoJanuary 20, 2022

BharatPe will continue to be led by its existing CEO Suhail Sameer and the rest of the management team will remain intact.

Kotak case: BharatPe’s Ashneer Grover goes on leave till March-end

24 hours agoJanuary 19, 2022

“The sharp drop in spending as well as repayment by card holders could explain the drop in utilisation rate,” the report said, adding, “While the urban markets were less impacted by Covid, it does appear that bankers were cautious, especially as the high credit penetrated market saw the slowest growth in cards issued, growth in limits and outstanding.”

Credit card utilisation stays lower than pre-Covid levels

1 day agoJanuary 19, 2022

BharatPe, Ashneer Grover, Ashneer Grover news, Ashneer Grover latest, Ashneer Grover controversy

BharatPe MD Ashneer Grover takes voluntary leave till March-end

1 day agoJanuary 19, 2022

In September 2021, the government had extended the validity of the scheme by six months through March 2022, or until the limit is used up, whichever is earlier.

IBA seeks extension of Rs 4.5L cr loan guarantee scheme by 1 year

2 days agoJanuary 18, 2022

The smaller NBFCs/MFIs, in particular, have always faced challenges in accessing adequate institutional funding and generally source their funds support from other larger and well-established non-banking companies/SFBs.

SIDBI sanctions Rs 650 cr financial assistance to AU SFB and Jana SFB

2 days agoJanuary 18, 2022