CONSULTATION PAPER ON PEER TO PEER LENDING
Now, BoB lowers MCLR lending rates by 20 bps
The rate reduction comes even as the RBI left key policy rates unchanged at the last meeting on December 5. The city-based lender has reduced its one-year MCLR rates, which all retail loans are linked to, only marginally by 5 bps to 8.25 percent.
Bank of India cuts one-year MCLR rates by up to 20 bps
This makes the SBI rates the cheapest and this is the eighth consecutive lending rate ...
RBI raises aggregate exposure limit to Rs 50 lakh on P2P lending platforms
Industry insiders said these were precursors to Thursday's move. “...
M&M looks to speed up rollout of UVs as peers eat into market share
A few years ago, Pawan Goenka, MD of M&M, had confessed that Mahindra had missed the bus in rolling out a compact utility vehicle on time, especially when its rivals were gaining numbers and market share at its expense.
Ujjivan Small Finance Bank’s strong fundamentals offer some safety
Ujjivan Small Finance Bank raised Rs 303.75 crore from anchor investors on Friday.
On a high! Check out the midcaps that beat their bigger peers
A very focused and conservative strategy is paying out for this south-based bank.
Fintech login gets an India, China lift
In 2017, the first time the index was created, India’s fintech adoption rate was 52% -- still higher than the global average of 33%.
P2P lenders mail an SoS to RBI
The body has suggested immediate extension of the limit to Rs 1 crore for retail investors, which would allow HNIs to lend money through these platforms.
From hot cake to hot potato: The remoulding of mortgage lending
Mortgage is the safest piece in lending. But financial engineering for better returns made it risky.
India lags peers in tech skills: Coursera study
Out of 60 countries, India ranks 50 in business, 44 in tech and 51 in data science skillsets in the Global Skills Index: 2019 report.
Budget 2019: Make P2P investments tax-free to ease liquidity crunch
P2P extends loans to many types of borrowers, but the most important segment of borrower is the SMEs. Across the world and in India, cash-strapped SMEs have benefitted from P2P lending.
The market’s favorite megabank is surrounded by a lending crisis
Investors pile into HDFC Bank’s stock, convinced it will emerge winner from India’s financial woes.
New kids on the block: ICICI Lombard, EduPeer are encouraging students to write
The two organised a nationwide school-level essay writing contest ‘Pen to Paper’.
Private banks beat state-run peers in deposit rate race
Since the past three RBI rate cuts, large banks have cut the MCLRs (Marginal Cost of Funds based Lending Rates) in the range of 5-10 bps, according to Motilal Oswal.
Fintech startups at the receiving end of irate loan applicants
Customers, whose loans have been rejected, take to social media to protest against firms.
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