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Banking

Strict Norms For Digital Lending Space Issued By RBI

Opportunity India Desk Aug 11 2022 - 3 min read

The Reserve Bank of India (RBI) in its new guidelines said that all digital loans must be disbursed and repaid through bank accounts of regulated entities only, without pass-through of loan service providers (LSPs) or other third parties. The guidelines, aimed at curbing rising malpractices in the digital lending ecosystem, follow the recommendations of a ...

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Banking

Buy Now Pay Later- A Business Rising From Good To Better

Priyanka Tanwer Aug 09 2022 - 4 min read

In today’s world, technological advancement has brought a major change in consumer behaviour and purchase habits while online and digital payments have become extremely popular with consumers. Now, Buy Now Pay Later (BNPL) has caught the fancy of consumers. According to recent global survey almost 57 per cent consumers strongly felt that BNPL has the ...

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Banking

RBI Suggests Ways To Deal With Climate Change For Banks

Opportunity India Desk Jul 28 2022 - 5 min read

The Reserve Bank of India (RBI) has issued a discussion paper for banks and financial institutions on climate risk and sustainable finance. The apex bank has suggested ways to cope with risks arising from climate change. Banks and financial entities can give their comments on the recommendations by September 30, the central bank said ...

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Banking

Yes Bank To Invest INR 350 crore for 20 per cent in JC Flowers ARC

Opportunity India Desk Jul 19 2022 - 4 min read

Private lender Yes Bank is planning to acquire 20 per cent stakes in JC Flowers Asset Reconstruction Company (ARC) for INR 350. The bank has identified the company as base bidder for its INR 48,000-crore pile of stressed assets. The bank plans to raise $1 billion in capital during the current ...

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Banking

Banks Increase Foreign Currency Deposit Rates Following Relaxing Norms

Opportunity India Desk Jul 14 2022 - 2 min read

As the Reserve Bank of India (RBI) has relaxed norms and allowed banks to raise foreign currency non-resident (FCNR) and NRE deposits from non-resident Indians (NRIs) till October 31, 2022, Several banks like SBI, ICICI Bank, HDFC Bank and IDFC First Bank have raised interest rates on FCNR deposits. The RBI had last week temporarily ...

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