Loans Current Affairs, GK & News
On 14th March Reserve Bank of India (RBI) announced Regulatory Framework on microfinance loans. Removal of margin caps The Reserve Bank of India (RBI) has done away with the margin caps on the pricing of small loans given by non-banking financial company-microfinance institutions (NBFC-MFIs). Earlier, there was a limit on the interest rate charged by ..
Category: Economy & Banking Current Affairs - 2022
The Asian Development Bank has provided fiscal support of 1.5 billion USD to India to fight against COVID-19 crisis. This is according to the Annual Report, 2020 of ADB that was released recently. This is part of the fiscal support the bank has set aside for pandemic. Key Findings of the Report The Asian Development ..
The state owned public sector banks are to hold a month long drive to provide relief to the small businesses (MSMEs) through loans and restructuring options. The outreach program was launched by the central government in December and is to last till January 6, 2020. The banks are provide working capital for these MSMEs and ..
Denmark’s third largest, Jyske Bank has launched the world’s first negative interest rate mortgage and started to offer a10-year mortgage deals at a negative interest rate of 0.5% a year. Under its negative mortgage, borrowers will pay the usual EMI but the outstanding amount will be slashed each month by more than the borrower has ..
The Sashakt Committee, headed by PNB non-executive chairman Sunil Mehta, has recommended changes in existing Inter-Creditor Agreement (ICA) to incorporate revised voting threshold and other changes for decision making stipulated by the Reserve Bank of India (RBI). It will enable expeditious implementation of the new framework on stressed assets. Under the RBI’s new framework, it ..
After linking its short-term loans and large savings deposits rates to the repo rate, the State Bank of India (SBI) has decided to introduce a repo rate-linked home loan product from July 1. The home loans under this product will be priced at 2.65% over the repo rate of 5.75%. So, the home loan interest ..
Topics: Economy • Federal funds rate • Finance • Finance in India • Interest rate • Interest Rates • Loans • Monetary Policy • Money • Official bank rate • Repurchase agreement • Reserve Bank of India