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DFS Secretary M Nagaraju Applauds Banking Gains to Boost Performance

Reserve assets rose by USD 34.8 bn, net claims of NRI decreased by USD 12.2 bn: RBI

The RBI disclosed the latest figures concerning India’s IIP as of December 2023 showing a decline in net claims of non-residents on India, plunging by USD 12.2 billion during the period from October to December 2023, culminating at USD 370.4 billion by the end of December 2023. Read further on Dynamite News:

IMCG partners with RBL Bank to Offer Mortgage Guarantee Backed Home Loans

India Mortgage Guarantee Corporation (IMGC), India’s first and only Mortgage Guarantee Company, announces its strategic partnership with RBL Bank, one of the leading private sector banks in India, to offer innovative Mortgage Guarantee (MG) backed home loan products for salaried and non-salaried prospective customers. Read more on Dynamite News:

COVID-19: Delhi HC notice to Centre, RBI on plea for restructuring of loans by banks, NBFCs

A bench of Justice Navin Chawla asked the RBI, Union of India, and National Highways Authority of India (NHAI) to file their reply on the petition filed by Bharat Road Network Ltd (BRNL). Full Story..

Business Update: Public sector banks sanction loans worth Rs 10,361.75 cr under ECLGS

Public sector banks have sanctioned loans worth Rs 10,361.75 crore under the 100 per cent Emergency Credit Line Guarantee Scheme, said Finance Minister Nirmala Sitharaman’s office on Wednesday.

Zestmoney partners with MiCredit, launches small ticket loans

ZestMoney, India’s first and largest AI-driven EMI financing platform announced the company’s foray into cash loans with Xiaomi.

RBI Governor optimistic about NPA resolution

RBI Governor Dr Urjit Patel said he was optimistic about resolving the crisis caused by non-performing assets (NPAs) and stressed loans.

Rs. 2.7 cr-worth loans disbursed to air warriors through ‘Arjan Singh Trust’: Air Chief Marshal B.S. Dhanoa

Air Chief Marshal B.S. Dhanoa revealed that over Rs. 2.7 crore-worth loans have been disbursed to air warriors so far, from the money that was collected under the ‘Arjan Singh trust’, established in 2004.

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