banking
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Opportunity India Desk Aug 17 2022 - 3 min readThe Insolvency and Bankruptcy Board of India (IBBI) has said that resolution plans for insolvent companies should lead to sustained value creation over the years and must involve strategies that go much beyond just “restructuring of liabilities”. The regulator also asked the powerful committee of creditors (CoC) to show great commercial wisdom while endorsing such ...
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Opportunity India Desk Aug 16 2022 - 2 min readThe State Bank of India (SBI) has raised its marginal cost of funds based lending rate (MCLR) by 20 basis points (bps) across tenures, a move that will make EMIs expensive. MCLR for one year, which is considered important as long-term loans like home loans are linked to this rate, is now at 7.70 per ...
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Opportunity India Desk Aug 11 2022 - 3 min readThe 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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Priyanka Tanwer Aug 09 2022 - 4 min readIn 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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Opportunity India Desk Jul 28 2022 - 5 min readThe 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 ...