Fri, Nov 17, 2023
Shares of banks and non-banking finance companies (NBFCs) plummeted on Friday as the Reserve Bank of India (RBI) tightened norms for personal loans and credit cards. The move, aimed at curbing the surge in unsecured lending, sent shockwaves through the financial sector, with SBI Card shares falling the most by over 6%.
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Thu, Jun 29, 2023
While digital credit offers convenience and accessibility, it's crucial to remain vigilant and aware of potential red flags that may indicate fraudulent or untrustworthy lending practices.
Wed, Sep 28, 2022
Customers find it easy to borrow money from digital lending platforms rather than going to a bank. All because you get a loan at your fingertips. But what we don’t realise is some of these platforms are charging extremely higher interest rates for lending money. To reduce such instances Reserve bank of India came up with new guidelines, Know details.
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