Tag : scheduled commercial banks

Business & Economy

Modi Government’s Controversial Move: Massive Write-Off of 10.6 Lakh Crore Benefits Big Industrialists

TanuShree K.B
by TanuShree K.B
In the last five years, Indian banks have written off approximately ₹10.6 lakh crore, with nearly 50% of the amount linked to large corporate entities, according to a government announcement in the Lok Sabha. Minister...
Business & Economy

RBI raises risk weight on consumer credit. Bad news for NBFCs Like Bajaj Finance & Tata capital etc.

Yashaswini R
by Yashaswini R
The Reserve Bank of India (RBI) made a significant announcement last week, signaling a revision in the risk weight assigned to consumer credit exposure for commercial banks and non-banking finance companies (NBFCs). This adjustment, elevating...