NEW DELHI: The Centre has circulated a draft legislation to ban lending by unregulated entities, including by platforms, with violators facing imprisonment of up to seven years. Lenders, who harass and use unlawful means for recovery, face up to 10 years in jail, with those promoting such lending facing a term of up to five […]
Unregulated lending activity, either through physical or digital means, could lead to jail term up to seven years and fine up to ₹1 crore, a fresh draft Bill to ban unregulated activities has proposed. Also, in case of harassment of any person by unregulated lenders including those giving loan through digital means can lead to […]
The central government has proposed a new bill to curb unregulated lending and provide for imprisonment of up to 10 years for violators, besides monetary penalties. With a view to curb unregulated lending activities and protect the interest of consumers, the RBI’s Working Group on Digital Lending submitted its report in November 2021. The working […]
The original anime feature The Lord of the Rings: The War of the Rohirrim, directed by Kenji Kamiyama, returns audiences to the epic world brought to life in The Lord of the Rings Trilogy, based on the revered books by J.R.R. Tolkien. Gaia Wise Also read: Movie Review: A ‘Lord of the Rings’ tradition turns […]
Navanc, India’s first AI-powered property score and stack for secured lending and insurance, integrates advanced AI, IoT, and Blockchain for secure transactions. The funds will support expansion across Tier 1–4 cities and enhance its AI capabilities with Generative AI and Computer Vision models. So […]
The overnight MCLR at HDFC Bank has risen by 5 bps, moving from 9.15% to 9.20%. HDFC Bank Loan Rates: HDFC Bank has increased its marginal cost of funds-based lending rate (MCLR) for short-term periods by up to 5 basis points (bps). The revised HDFC Bank MCLR interest rates now span from 9.20% to 9.50%. […]
BENGALURU: Unauthorised lending is an issue that is bothering victims, lenders and authority alike. Encouraging awareness and digital literacy has emerged to be the only solution in the immediate horizon alongside consistent auditing of online app marketplace, industry participants told TOI.A recent survey conducted by the Fintech Association for Consumer Empowerment (FACE) and Grant Thornton […]
New York, United States: Moody’s Corporation (NYSE:MCO) announced today that it has acquired Numerated Growth Technologies (Numerated), a loan origination platform for financial institutions. The transaction further expands Moody’s Lending Suite capabilities across the credit lifecycle, providing banking customers with a powerful end-to-end loan origination and monitoring solution. […]
NEW DELHI: The State Bank of India has sought a loan of $1.25 billion, potentially making it the largest dollar-denominated bank loan from the country’s financial sector in 2024, Bloomberg reported on Friday quoting sources.The loan is being raised for general corporate purposes through its branch at the Gujarat International Finance Tec-City.SBI is yet to […]
