Banks may see bad loans fall to a decadal low of 4% by March 2024: Crisil report \
3 min read
\
\

Banks may see bad loans fall to a decadal low of 4% by March 2024: Crisil report

21-Sep-2022
New Delhi [India], September 21 (ANI) Gross non-performing assets (GNPAs) of banks are likely to decline by 90 basis points (bps) to 5 per cent this year and further improve to a decadal low of 4 per cent by March 31 next year, pushed by post-pandemic economic recovery and higher credit growth, said rating agency Crisil on Wednesday.
21-Sep-2022 Business
\
RBI’s digital lending norms to change operating model of NBFCs \
3 min read
\
\

RBI’s digital lending norms to change operating model of NBFCs

20-Aug-2022
New Delhi [India], August 20 (ANI): The digital lending norms announced by the Reserve Bank of India (RBI) on August 10, 2022, aim to usher in orderly growth and financial stability, check malpractices, strengthen transparency, and protect customer interests. They would, however, raise operational intensity and compliance costs for lenders in the near term, CRISIL Ratings said in a report.
20-Aug-2022 Business
\
Rs 18 lakh crore NBFC debt set to become dearer by 85-105 bps this fiscal \
4 min read
\
\

Rs 18 lakh crore NBFC debt set to become dearer by 85-105 bps this fiscal

14-Jun-2022
New Delhi [India], June 14 (ANI): Borrowing costs for non-banking financial companies (NBFC) are expected to become costlier by 85-105 basis points in the current financial year due to an increase in policy rates by the Reserve Bank of India (RBI), CRISIL Ratings said in a report released on Tuesday.
14-Jun-2022 Business
\
Hike in third-party motor insurance premium to only partially offset insurers’ losses \
2 min read
\
\

Hike in third-party motor insurance premium to only partially offset insurers’ losses

04-Jun-2022
Mumbai (Maharashtra) [India], June 4 (ANI): The Ministry of Road Transport and Highways' recent move to increase the premium on third-party motor insurance after two years is a step in the right direction, but unlikely to fully offset the segment's underwriting losses, CRISIL Ratings said in a report.
04-Jun-2022 Business
\