Credit News

The other suggestions were treating cheque bounce as default of loan and thus reporting it to credit information companies. If these suggestions are implemented, it would help enforce cheque honouring by the payer without the matter going to court. Trade bodies have been pitching for changes in the cheque bounce law for the fast disposal of such cases.

Taal Thok Ke: This is a special segment of Taal Thok Ke in which we bring you a panel discussion on concurrent issues. In today's episode of 'Taal Thok Ke' we will discuss- Political game of taking credit from farmers’ movement?

Despite of credit bureaus operating for past one decade and lenders making credit scores mandatory for loans, a recent survey conducted in eight metros has found that only 15 percent people are aware of such a system, while over 50 percent respondents are unaware of the bureaus.

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Credit growth in the country is unlikely to revive "materially" in near term as demand conditions are still acting as a laggard, says an SBI report.

A plea has been filed in the Delhi High Court against "illegal" surcharge levied on transactions done through debit and credit cards across the country while no such charge is imposed on cash payments.

Bank credit growth continued to remain in double-digits clipping at 11.62 percent year-on-year to Rs 71,72,740 crore for the fortnight ending February 19, according to the Reserve Bank data

Schedule commercial banks' credit increased by 9.54 percent to Rs 67,83,127 crore in the fortnight ended October 16, according to RBI data.

Pushing financial inclusion beyond a point can have negative impact because people at the bottom of pyramid do not have capacity to absorb credit, RBI Governor Raghuram Rajan said.

Non-food credit growth of commercial banks slowed to 7.7 percent in June 2015 as against 13 percent expansion in the same period last fiscal.

Bank credit grew at a slower rate of 9.8 percent and deposit growth rate slowed down to 10.7 percent in the March quarter, says RBI data.

A weak monsoon is likely to be credit negative for India as it is expected to push up food inflation as well as government deficits, global rating agency Moody's said Monday.

Greece`s outspoken Finance Minister Yanis Varoufakis on Tuesday urged the country`s international creditors to "get their act together" and help cobble together a new loan deal before the struggling nation`s money runs out.

Prime Minister Narendra Modi on Sunday said India would provide a line credit of USD 1 billion to support expansion of Mongolia's economic capacity and infrastructure during his talk with counterpart Chimed Saikhanbileg.

Bank credit grew at a healthy rate of 11.47 percent to Rs 68,30,965 crore in the fortnight ended April 3, according to the Reserve Bank data.

Growth in non-food credit offtake from commercial banks slowed to 10.19 percent at Rs 65,24,257 crore for the fortnight ended March 6, according to Reserve Bank of India (RBI) data released Wednesday.

Indian commercial banks' credit grew 10.38 percent to Rs 64,41,519 crore in the fortnight to February 6, according to Reserve Bank data released Wednesday.

Prime Minister Narendra Modi Saturday asked bankers to speed up the process of linking all Jan Dhan bank accounts to Aadhaar and indicated that these accounts would be used for providing credit, insurance and pension services in the second phase of the scheme.

China`s bank lending rose to $1.60 trillion in 2014, the central bank said Thursday, as the government sought to loosen credit to spur faltering growth in the world`s second-largest economy.