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SynopsisAccording to the norms, the process of underwriting loans will be carried out on an analysis of risk, and in line with the same, a risk premium would be charged from the borrower. The revised framework is applicable from April 1.Getty ImagesThe regulated entities which fall under the purview of the RBI’s norms include NBFC-MFIs,…Continue Reading

After RBI’s warning against cryptocurrency, PM Modi chairs crucial meeting

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After the Reserve Bank of India governor warned investors against digital currency, India’s Prime Minister Narendra Modi chaired a meeting on Saturday to address the concerns about the virtual currency market. The meeting talked about making sure that the young people are not misled about digital currency through over-promising and non-transparent promises. Also read | Even…Continue Reading