The Reserve Bank on Thursday tightened norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight for unsecured personal loans, a move aimed at making the lenders more cautious on such advances. The risk weight on unsecured consumer loans has been raised by 25 percentage points. The new regulations, however, will not be applicable on housing loans, education loans, vehicle loans and loans secured by gold and gold jewellery, the Reserve Bank said in a circular.
'If you post on social media on an issue like power cuts in Tral, the police will come to your home and tell you to remove your social media post.' 'If you don't, then the local police threaten you that they will book you under PSA.' 'This is happening all the time in Kashmir.'
'We are sure FY25 is going to be better...But to call out that all problems are behind us is a bit early.' 'The underlying business sentiment has not changed significantly.'
According to the minister, his son Vikas Kishore lives at his Lucknow residence but he was in Delhi when Vinay Srivastava, described as his friend, was murdered at the house.
All of the halls, from the East Room to the Red Room, were decked by over 125 volunteers.
Targeting Modi over inflation, Priyanka called him a "mehengai" man.
Yes Bank on Saturday reported over two-fold jump in standalone net profit at Rs 452 crore for March quarter 2023-24, primarily due to benefits on the provision front. In the year-ago quarter, the bank logged a profit of Rs 202.43 crore. The private sector lender benefitted from write-back on income tax and interest on income tax returns, but the profits were limited by its inability to comply with the mandatory priority sector lending (PSL) requirements, its management said.
'In the interim, India will be confronted with anti-India feeling because Sheikh Hasina had India's support.' 'We will have to deal with it, but it will not be a permanent phenomenon.' 'There is substantial goodwill towards India which will stand us in good stead.'
The Central Industrial Security Force, tasked with the security of the ED officials, are using high-resolution body cameras to keep track of activities around Soren's residence, he said.
People turn a corner and overhear secrets, men change stripes so as to acquire shades of villainy most convenient to advancing the plot, secondary characters confess to past sins just so that the leading women are absolved of all responsibility, notes Sreehari Nair.
'We need a candidate who will do our work and fight with the authorities; someone we can hold accountable.' 'Piyush Goyal is not that candidate.'
The devotion to the deity is such that even commerce is not untouched by the spiritual feel in the holy city. Images of the grand temple is finding places even on visiting cards, posters, calendars and even signages.
The biggest change his administration will make is to increase the proportion of highly-skilled immigration from 12 per cent to 57 per cent, Trump said.
Big cats housed in various sanctuaries across the country will soon have their own 'identity cards' specifying their profile, a step that will enable authorities keep track of their movement and help in tiger conservation.
The top court said the exclusion of a member of the Opposition from the House just because of a perspective which may not be consistent with the viewpoint of the government is a serious issue.
Two persons claiming to be the personnel of Delhi Police seized a computer hard disk and other items from the house of green activist Shantanu Muluk, a suspect in the "toolkit" case related to the farmers' protest, without a search warrant on February 12, in Beed in Maharashtra, his father Shivlal Muluk has told local police.
Kishore Singh's encounters with post 8/11 India.
For over a decade, HDFC Bank consistently outperformed industry growth rates in both deposits and advances, maintaining impeccable asset quality. Amid a landscape where other banks struggled with soaring non-performing assets (NPAs), HDFC Bank thrived, eventually surpassing ICICI Bank to become the largest private sector lender in India. Its net interest margin (NIM) remained stable in the range of 4.1-4.4 per cent.
The Reserve Bank of India's (RBI's) latest order on unsecured loans is set to hit the banking sector's growth in the near-term, cautioned analysts, as they see banks slowing down on aggressive retail lending. Besides, cost of funds for non-banking finance companies (NBFC) is expected to inch up as banks will pass on higher capital charge to NBFCs. "We believe the fallout of the RBI action will be mainly on growth, given the rising dependence on unsecured retail loans and lending to NBFCs for growth.
A prudent guideline for self-employed individuals is to target at least 10 to 15 times their actual annual income when determining life insurance coverage.
French hospitality at its best at a state dinner in honour of China's President Xi Jinping and his wife Peng Liyuan at Elysee Palace, Paris.
An eighth BJP candidate on Thursday filed his nomination for the Rajya Sabha elections in Uttar Pradesh, setting the stage for a contest with the Samajwadi Party on February 27.
The Lewiston, Maine Police Department have released a picture of the 'suspect' involved in the shooting.
'They voted me out as they realised that I am not a meethi choori, but a teeki one.'
'No one in this administration, not the President nor anyone on the national security team, would suggest that the Taliban are respected and valued members of the global community'
'You live there for 60 days and then when you see people rejecting you, nominating you, and you are like, "I just want to go home; I don't want to be here".'
How he hopes to retain his fort is anyone's guess, says Nazarwala, the man who called right the 2007 and 2012 UP elections.
Madhurima is initially nervous but starts introducing herself to everyone.
The activists of the BJYM, led by its president Tejasvi Surya, staged a protest near Kejriwal's residence at Civil Lines in Delhi, demanding an apology from him for allegedly mocking Kashmiri Pandits, with the AAP alleging vandalism during the demonstration.
Kotak Mahindra Bank has acquired the non-performing portfolio of Barclays Bank's credit card business in India. The deal, experts said, gives momentum to the sale of stressed loan market in the country which has been having a dry run following stringent regulatory norms introduced in 2007.
'If we want real democracy, the economy itself will need to be democratised.'
A joint working group in the ministry of finance has given its report after obtaining technical and commercial proposals from leading biometric solution providers, Finance Minister P Chidambaram said in Lok Sabha during Question Hour.
The home loan top-up, a kind of secured multipurpose personal loan, is on the regulator's radar, points out Tamal Bandyopadhyay.
Security personnel deployed outside the Transport Bhavan, metres away from the Parliament complex, did not allow anyone to go beyond the barricades they had put up before checking their identity cards and entry passes.
'2019 was fought on delivery. But in 2024, you can see the before and after effects.'
The cards should be issued strictly for use in India and transactions settled in Indian rupee.
Akhilesh Yadav said those who are looking for "profit" in the situation will leave.
A scheduled wedding, taking place between two alleged gangsters -- Anuradha Choudhary alias 'Madam Minz' from Rajasthan and Sandeep alias Kala Jathedi from Haryana -- is being discussed in police circles.
