Lending

	State rolls out ethanol blending policy, targets Rs 5K crore investment The EBP is in line with the National Policy on Biofuels that targets an indicative 20% blending of ethanol in petrol by 2030 under the Ethanol Blended Petrol Programme. published on : 19th March 2023
	IppoPay to enter micro-lending business, payment solutions As the neo-banking industry is sprouting, Chennai-based startup IppoPay is getting into micro lending business, issuing co-branded debit cards, along with other payment solutions. published on : 24th February 2023
	Banks starts raising lending rates after RBI’s policy rate hike Hike in lending rates by banks comes after the RBI, last week, raised repo rate by 25 bps points in its fight against inflation. published on : 14th February 2023
	In relief to digital lenders, govt revokes ban on many loan apps However, many Indian apps including digital lenders Kissht, LazyPay, Buddy Loan, Faircent, and CashTM fell into the banned list. published on : 11th February 2023
	Govt initiates process to ban 138 betting apps with Chinese links “After luring desperate individuals into taking on a loan, they jacked up the interest by up to 3,000% annually,” the report said. published on : 6th February 2023
	Ethanol blending in petrol saved Rs 41,500 crore in 8 years: Union Petroleum Minister The ethanol blending in petrol has resulted in forex savings of over Rs 41,500 crore in the past eight years for the country, said petroleum minister Hardeep Singh Puri on Friday. published on : 14th January 2023
	Commercial loan origination volumes decline 4.3 per cent in FY22; avg ticket sizes jump: Report Commercial lending includes a credit of over Rs 10 lakh to any commercial entity and is further classified as micro, small, medium or large exposures. published on : 11th January 2023
	Banks increase lending rates by 190 bps in tandem with RBI's repo rate hike Further, banks have also increased their 1-year median marginal cost of funds-based lending rate (MCLR) by 85 bps from May to October 2022. published on : 20th November 2022
	Semi-urban markets driver for unsecured lending It saw the emergence and scale-up of convenience Buy Now Pay Later (BNPL) such as Simpl and LazyPay, affordability BNPL (e.g., ZestMoney), and card-based lending products. published on : 19th October 2022
	RBI’s lending norms draw mixed reactions among fintech experts Former MD and co-founder of fintech firm BharatPe Ashneer Grover has criticised the apex bank’s lending guidelines. published on : 6th September 2022
	Loan apps can’t access users’ mobile data: RBI guidelines In its guidelines on digital lending, the central bank said any collection of data by DLAs(digital lending apps) should be need-based and executed with prior consent of the borrower. published on : 3rd September 2022
	Seizure of cheques lands Kerala lender in trouble The seizure of signed blank cheque leaves came in handy for the police, who registered a case against a Vazhakulam resident for carrying out illegal money lending business. published on : 22nd August 2022
	SBI raises benchmark lending rates by up to 50 basis points With the increase in lending rate, EMIs will go up for those borrowers who have availed loans on MCLR, EBLR or RLLR. published on : 15th August 2022
	Welcome regulation for digital lending The RBI’s long-awaited regulatory framework for digital lenders offers much-needed clarity, complete with a grievance redressal mechanism and an Ombudsman scheme. published on : 13th August 2022
	RBI lending norms stress data safety In order to protect borrowers’ personal data, the Reserve Bank of India’s (RBI) new lending norms have stressed on data protection. published on : 12th August 2022
	RBI issues strict norms for digital lending to curb malpractice The RBI further said data collected by Digital Lending Apps should be need-based, have clear audit trails and only be done with the prior explicit consent of the borrower. published on : 10th August 2022
	Fintech funding up by three times, digital lending to grow to $515 billion by 2030, says report The report highlighted that in the future, co-lending will emerge as a marketplace model that supports lending partners to mitigate their risk exposure. published on : 10th August 2022
	Chennai Corporation releases guidelines for libraries in schools The corporation council on Saturday approved guidelines for school lending libraries at corporation schools. published on : 1st August 2022
	India top lender to crisis-hit Sri Lanka this year Loans from India with USD 376.9 million were the highest foreign financing disbursements during the period of January 1 to April 30, 2022, according to Sri Lanka's Finance Ministry. published on : 19th July 2022
	Paytm reports strong operational performance in Q1FY23 According to the company, the rapid expansion of its lending products has resulted in profits. published on : 12th July 2022