Tag Archives: Credit

Bank credit: can’t be business as usual, says RBI Deputy Governor N.S. Vishwanathan

RBI’s Vishwanathan says stressed asset norms aimed at changing behaviour of lenders and borrowers The Reserve Bank of India’s latest norms for the resolution of stressed assets are aimed at warding off further risks to the banking sector from lending operations, according to RBI Deputy Governor N.S. Vishwanathan. Speaking at the National Institute of Bank Management on Wednesday, Mr. Vishwanathan ... Read More »

Another Bank Says Its Credit Cards Can’t Be Used to Buy Bitcoin

The U.K. banking group Lloyds has banned its customers from using their credit cards to buy bitcoin and other cryptocurrencies. The move comes just a couple days after U.S. banks—from Bank of America and J.P Morgan to Citigroup, Discover and Capital One—told their customers not to buy virtual coins on credit. “Across Lloyds Bank, Bank of Scotland, Halifax and MBNA, we do not accept ... Read More »

Why we should worry about the fall in bank credit

A curious crisis: Investors unwilling to borrow, banks reluctant to lend Growing economies show increasing deployment of bank credit, but in India this has been decreasing for years and is now falling flat. This impacts economy in myriad ways January 1, 2018: In most market economies, the disbursal of bank credit is usually a relatively reliable indicator of the extent ... Read More »

The market could tank, according to signals coming from the credit market

Credit markets are flashing an early warning about financial conditions and the economy, but even as stocks fall in response, strategists say it’s not yet time to bail on Wall Street’s bull market. But they do say there could be a pullback in a frothy market, and investors should take heed as some of the traditional signs of stress have ... Read More »

‘Less tax, no input credit’ plan for small businesses may return soon

The composition scheme, which is applicable to specific categories of small businesses whose turnover is Rs 75 lakh and below and had been closed on August 16, may return soon. With just about a million taxpayers opting for the scheme, the goods and services tax (GST) Council will consider reopening the window in its meeting on Saturday in Hyderabad, giving another opportunity ... Read More »

RBI Move On Insolvency Proceedings Credit Positive: Moody’s

New Delhi: Moody’s Investors Service on Monday said the initiation of insolvency proceedings on 12 large loan defaulters is credit positive for Indian banks as it will improve their overall asset quality. The Reserve Bank last week said it has identified 12 large loan defaulters who account for 25 per cent of the total NPAs or bad loans in the ... Read More »

Get Rid of Damaging Credit Inquiries

Applying for credit cards, or obtaining financing for a new car can leave lasting damage to your credit score. If your score is unusually low, check and see if numerous credit inquiries have been made. Each inquiry strips your score of points. How a Simple Credit Inquiry Hurts The purchase of a new car or a home may involve trying ... Read More »

Australia’s budget drips with red ink, top credit rating at risk

Australia’s conservative government on Monday forecast a A$10 billion deterioration in its budget deficit over the next four years but still hoped to snatch a surplus by 2021 and forestall a damaging downgrade of its top credit rating. There have been fears the update could trigger a cut in the country’s prized triple-A rating and push up borrowing costs on ... Read More »

Proven Ways to Increase Your Credit Scores

Ever wondered What’s a Good Credit Score? It’s amazing to know how a 3-digit number can affect your life, especially when it comes to purchasing or borrowing money. Credit scores are the first to be looked into when you apply for a car loan, home mortgage, or credit card. The approval or denial of your credit application will be based ... Read More »

China’s credit binge increases risk of banking crisis, says watchdog

China’s huge credit binge has increased the risk of a banking crisis in the world’s second biggest economy in the next three years, according to global financial watchdog. An early warning of financial overheating – the gap between credit and GDP – hit 30.1 in China in the first quarter of this year, a report from the Bank for International ... Read More »