The October monetary policy committee (MPC) meeting had a flag raised by the RBI Governor Shaktikanta Das – addressing consumer credit and bringing it into the spotlight. On November 16th, the RBI took a stance to increase the risk weights for banks and NBFCs. The changes announced in the circular are as follows: Increase the …
RBI tightens consumer credit and bank credit to NBFCs Read More »
An important point to note is that in the case of small businesses, there is a strong correlation between the borrower’s personal credit and business credit behavior. Many businesses approach banks & NBFCs for commercial credit when considering business sustenance and expansion. In simple terms, commercial credit is a sum of money granted by financial …
Avail a loan for your business easily with the help of a good commercial credit score Read More »
Today, the process of buying the right home begins with choosing the right kind of home loan which should add to ease and not a reason to stress. But it does involve a good mix of modalities. There are certain factors to keep in mind before applying for a home loan.
The blockchain is an exciting new technology that can bring a fundamental change in retail banking operations, enhance security, and can improve the overall quality of financial services. Already infrastructure providers, governments, and investment banks are experimenting with the technology since it can improve transparency, enhance efficiency, and also reduce costs. The potential lucre of …
Why has the blockchain not taken off in retail banking? Read More »
Even though most people are unaware of the nomenclature ‘contactless payments’, it has been very much present around us. It is as simple as hailing a cab using a cab-aggregator. You take the ride and the payment is taken care of digitally. Now, we are just deepening the penetration of these solutions. Banking & Payments …
