Follow Us on Google News Mumbai, June 6 (IANS) Reserve Bank Governor Sanjay Malhotra on Friday said the central bank will raise the Loan-to-Value (LTV) ratio for gold loans to small borrowers of up to Rs 2.5 lakh to 85 per cent from the existing 75 per cent. Speaking at a press conference after the … Read more
Follow Us on Google News New Delhi, June 6 (IANS) The jumbo 50 bps rate cut by the Reserve Bank of India (RBI) will directly benefit home loan borrowers, especially existing ones, by reducing their interest burden, experts said on Friday. The decision comes at a pivotal time, as India, now the world’s fourth-largest economy, … Read more
Follow Us on Google News New Delhi, May 30 (IANS) The Finance Ministry said on Friday it has suggested that the Reserve Bank of India (RBI) should exclude small borrowers of up to Rs 2 lakh from the provisions of its draft directions on lending against gold collateral. The Finance Ministry has also suggested that … Read more
Bengaluru, Jan 25 (IANS) Karnataka Chief Minister Siddaramaiah on Saturday held a high-level meeting on the issues faced by the public due to microfinance institutions. Addressing the press conference at Vidhana Soudha after the meeting, Siddaramaiah announced that the government is committed to protecting the interests of borrowers who take loans from microfinance institutions. Strict … Read more