New Delhi, Mar 10 (KNN) Minister of State for Finance Pankaj Chaudhary informed Parliament that the Reserve Bank of India (RBI) has issued comprehensive directions on lending against gold and silver collateral to standardise norms across regulated financial institutions. RBI Issues Unified Framework For Loans Against Precious Metals According toContinue Reading
New Delhi, Mar 9 (KNN) Finance Minister Nirmala Sitharaman on Monday said that banks provide zero-balance savings account facilities to ensure financial inclusion and universal access to banking services. Replying to a question in Lok Sabha, the minister said Basic Savings Bank Deposit Accounts (BSBDAs), including accounts opened underContinue Reading
New Delhi, Mar 9 (KNN) The Reserve Bank of India (RBI) has proposed revisions to its framework on customer liability in unauthorised electronic banking transactions, aiming to expand protection for users and speed up complaint resolution in digital fraud cases. The central bank issued draft amendment directions on March 6,Continue Reading
New Delhi, Mar 7 (KNN) The 16th Finance Commission’s emphasis on reducing revenue deficits and increasing growth-oriented capital spending is expected to strengthen states’ fiscal health over the long term though near-term constraints remain due to limited additional fiscal support, as per Crisil Ratings. The commission, which recommends fiscal transfersContinue Reading
New Delhi, Mar 7 (KNN) Non-banking financial companies with microfinance arms (NBFC-MFIs) in India are increasingly expanding into non-microfinance credit segments such as MSME loans, loan-against-property (LAP), affordable housing and vehicle financing as part of a strategic shift to diversify risk and reduce portfolio concentration. Industry participants say that evolvingContinue Reading
New Delhi, Mar 6 (KNN) The Central Board of Indirect Taxes and Customs (CBIC) has extended the facility of deferred payment of customs import duty to Eligible Manufacturer Importers (EMIs). The facility will come into effect from 1 April 2026 and will remain available until 31 March 2028. Under theContinue Reading
New Delhi, Mar 5 (KNN) Non-banking financial companies (NBFCs) focused on gold loans are expected to maintain strong profitability, with average return on managed assets (RoMA) projected at about 4.25–4.5 per cent through this and the next fiscal, according to Crisil Ratings. The outlook is supported by strong demand, improvingContinue Reading
