Atmadip Ray
“The forthcoming union budget will also provide better insight into further measures to be undertaken by the government and its impact on growth. Against this backdrop, the MPC judged that there is monetary policy space for further action, but it felt it appropriate to take a pause at this juncture.”
The central bank is expecting higher monetary transmission since the share of base rate loans, which have remained largely sticky, has come down. The marginal cost-based floating rate loans, which have annual resets, have become due.
The six-member monetary policy committee (MPC) vote was unanimous, RBI said in a release.
The complainants used two ATMs in this locality and were duped include customers of HDFC Bank and United Bank of India.
Indian banks have thin buffers against systemic NBFC stress, says Fitch.
MFIN wanted a heavyweight for this CRL project, which is a self-regulatory step for a diverse set of lenders engaged in microfinance such as banks, small finance banks, non-banking financial companies (NBFC), NBFC-MFIs and not-for-profit firms.
Bandhan Bank Managing Director Chandra Shekhar Ghosh said that the code in its current form is restrictive for the bank’s business growth. He said the code should have spelt out what should be the ideal business conduct instead of limiting the quantum of loan given by banks.
The transaction is subject to the approval of Reserve Bank of India, the Securities and Exchange Board of India and other regulators.
Funded by the UK’s Department for International Development (DFID) and the Swedish International Development Agency (SIDA), Reall has been in the affordable housing segment for over 30 years, helping more than 3.5 million people across Asia and Africa.
Mired in debt Assam micro borrowers’ indebtedness is more than double the national average.
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