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With interest rates bearing north and global economic situation yet to appear clear out of the recession shadow given the further tightening by India and China, the tragedy in Japan and the American attack on Libya, among various other factors, retail investors are finding it hard to find a safe haven to park and grow […]

Consumer finance and vehicle finance portfolios of retail non-banking finance companies (NBFCs), which grew 40 % in 2010-11, are likely to be equal to the total non-mortgage retail lending portfolio of banks (all retail lending apart from home loan) by March 2013, according to research and credit rating agency Crisil. NBFC’s consumer finance and vehicle […]

As the Reserve Bank of India (RBI) announced another round of rate increases, there is a set of people who are cringing at the rising interest rates. Not the borrowers, though this is probably the only scenario that strikes us with regard to such rate hikes. The other set of people are those who had […]

As the Reserve Bank of India (RBI) announced another round of rate increases, there is a set of people who are cringing at the rising interest rates. Not the borrowers, though this is most likely the only scenario that strikes us with regard to such rate hikes. The other set of people are those who […]

Banks have urged the Reserve Bank of India (RBI) against withdrawing the priority sector status for loans extended to microfinance institutions (MFIs). “Our main reservation is that nothing should happen which could result in the withdrawal of priority sector status,” said K Ramakrishnan, chief executive officer of the Indian Banks’ Association (IBA). “Banks will always […]