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RBI Lays Out Roadmap For Small Lenders To Achieve Universal Bank Status

India's central bank on Friday released a set of criteria that small lenders need to achieve, including performance metrics and market listing, to become a universal bank and provide comprehensive services to both retail and corporate clients. ....

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Best dynamic bond funds to invest in April 2024

Kotak Dynamic Bond Fund, one of the recommended schemes, has been in the third quartile in the last month. ICICI Prudential All Seasons Bond Fund has been in the second quartile in the last month. ....

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RBI Issues Draft Rules On Digital Lending To Give Borrowers A Better Deal

RBI on Friday released draft guidelines on digital lending to ensure transparency in aggregation of loan products from multiple lenders by lending service providers so that borrowers get prior knowledge about all credit offers that are available. ....

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RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P

The RBI on Wednesday barred Kotak Mahindra Bank from issuing fresh credit cards and onboarding new customers online. ....

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RBI issues FAQs on guidelines for default loss guarantee in digital lending

While the guidelines mandate the banks accepting DLG cover to have a Board approved policy in place, the banks acting as DLG providers shall also put in place Board approved policy as a prudent measure, the RBI said. ....

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