Rbi Tightens Default Loss Guarantee Rule Nbfcs To Exclude Cover On Fintechsourced Loans

business rbi tightens default loss guarantee rule nbfcs to exclude cover on fintech sourced loans

20hrs 12mins 👁 10

The Reserve Bank of India has instructed finance companies to exclude default loss guarantees (DLGs) from fintech firms when provisioning for stressed loans, impacting digital lending service providers. NBFCs must now make full provisions on these loans, diminishing their appeal for new business.

Click Here To Visit Source

Recommended For You

RBI mulls sub7 day term deposit

RBI mulls sub-7 day term deposit

Nextgen telecom tech to get 1000 crore y

Next-gen telecom tech to get ?1,000 crore yearly R

Healthcare investor Quadria raises 11 bi

Healthcare investor Quadria raises $1.1 billion fo

Thai Billionaire Hands Stakes in Major C

Thai Billionaire Hands Stakes in Major Companies t

Tata Motors headcount senior pay squeeze

Tata Motors' headcount, senior pay squeezed as sal

Investcorp wins big from Citykart exit a

Investcorp wins big from Citykart exit after co ge

Jute industry pins hope on June 3 ECJ me

Jute industry pins hope on June 3 ECJ meet amid su

ARCs seek bigger role in RBIs new securi

ARCs seek bigger role in RBI's new securitisation

Vigil over unsecured loans may weigh on

Vigil over unsecured loans may weigh on credit gro

JSW Steel eyes a resurgence in overseas

JSW Steel eyes a resurgence in overseas operations

Seen sent but never read WhatsApps new

Seen, sent, but never read - WhatsApp's new privac

Foreign luxury jewellers chase Indias yo

Foreign luxury jewellers chase India's young, weal