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NITI Aayog calls for new Regulations for Banks

Amitabh Kant, NITI Aayog’s Chief Executive Officer has said that the government and the Reserve Bank of India will have to bring new set of regulations to make certain that borrowers repay their debt in time. He has also stressed ..

RBI starts process to set up PCR for capturing borrowers’ details

The Reserve Bank of India (RBI) has initiated steps to set up a wide-based digital Public Credit Registry (PCR) to capture details of all borrowers, including wilful defaulters and also the pending legal suits in order to check financial delinquencies. ..

RBI to set up Public Credit Registry (PCR) to check loan defaults

In a bid to check loan defaults, the Reserve Bank of India (RBI) has considered the recommendations of YM Deosthalee-headed High Level Task Force and will set up a Public Credit Registry (PCR) in a modular and phased manner. The ..

Committee on Public Credit Registry (PCR)

The Reserve Bank of India has constituted a 10-member ‘High Level Task Force on Phublic Credit Registry (PCR) for India’, which will, among other things, suggest a roadmap for developing a transparent, comprehensive and near-real-time PCR for India. The committee ..

Bank of Baroda launches digital Supply Chain Finance solution

The Bank of Baroda (BoB) has launched a digital supply chain finance solution to offer working capital loans to small and medium enterprise and large corporate clients. The solution will cover pre and post shipment products – dealer or channel ..

Moody’s Investors Service upgrades India’s sovereign ratings

International rating agency Moody’s Investors Service has recently upgraded the Government of India (GoI)’s local and foreign currency issuer ratings to Baa2 from its lowest investment grade (Baa3) and changed the outlook on the rating to stable from positive. Moody’s ..