Scheduled commercial banks can now transfer funds to and from credit lines through the UPI system.
September 5, 2023Financial hardship will be a key area of focus over the next year. ASIC will conduct a review of large home lenders to understand their approaches in this area.
September 5, 2023The RBI said penal charges in loan accounts should be used to promote credit discipline and not as a "revenue enhancement tool".
August 21, 2023Banks can no longer count loans granted to MSMEs and large enterprises towards their compliance with reserve requirements.
July 3, 2023About half of the 40,000 companies rated in India do not share information with credit rating agencies.
June 15, 2023The Australian Taxation Office is seeking to identify individuals who are failing to meet their tax obligations on residential investment properties.
April 14, 2023The RBI said penal charges on loans are intended to "inculcate a sense of credit discipline among borrowers" and as a "revenue enhancement tool".
April 13, 2023The FSC said the new loan facility is being introduced to protect borrowers from illegal private finance and predatory lending.
March 23, 2023The FSS told Shinhan Bank to strengthen its fraud detection system and Woori Bank to improve its post-sale management of fund products.
December 23, 2022The FSC will lower the regulatory burden on lenders so they can expand the supply of credit to lower income and low-credit borrowers.
November 23, 2022