BFSI – Page 2 – ICC Sector Watch

According to the recent data revealed by Reserve Bank of India (RBI), credit card spends touched an all-time high

According to the recent data revealed by Reserve Bank of India (RBI), credit card spends touched an all-time high of Rs 1.16 trillion in July, registering a growth of 6.5 per cent on a month-on-month basis and 54 per cent year-on-year. Spends have topped the Rs 1 trillion level for five consecutive months now. With…

The Emergency Credit Line Guarantee Scheme (ECLGS) has been successful in helping Indian businesses

The Emergency Credit Line Guarantee Scheme has been successful in helping Indian businesses navigate through the economic crisis caused by Covid-19 revealed in a recent report by credit bureau TransUnion Cibil. It catalyzed the revival of small businesses during and after the pandemic. The ECLGS scheme was launched in May 2020 to help businesses cope…

The Government has announced the Foreign Exchange Management Rules, 2022 with an aim to ease rules for domestic firms that want to invest abroad

The Government has announced the Foreign Exchange Management (Overseas Investment) Rules, 2022 with an aim to ease rules for domestic firms that want to invest abroad. Through these Rules, Indian companies not in financial services can now directly invest in financial-services firms abroad, such as brokerages, asset management funds, and credit cards under the automatic…

The RBI has released detailed guidelines that will increase scrutiny and supervision over digital lending apps and lenders who engage with them

The Reserve Bank of India (RBI) has released detailed guidelines that will increase scrutiny and supervision over digital lending apps and lenders who engage with them. The framework is focused on RBI’s regulated entities (REs) and the loan service providers (LSPs) engaged by them to extend credit facilitation services. The guidelines state that all digital…

Sector Category: BFSI

According to the recent data revealed by Reserve Bank of India (RBI), credit card spends touched an all-time high

The Emergency Credit Line Guarantee Scheme (ECLGS) has been successful in helping Indian businesses

The Government has announced the Foreign Exchange Management Rules, 2022 with an aim to ease rules for domestic firms that want to invest abroad

The RBI has released detailed guidelines that will increase scrutiny and supervision over digital lending apps and lenders who engage with them

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