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RBI Deputy Governor Swaminathan wants lenders to 'curtail' consumption loans

Swaminathan J, a deputy governor at the Reserve Bank of India, today said the central bank wants lenders to cut down on consumption loans or unsecured loans with undefined end use. Deputy Governor M Rajeshwar Rao also supported and said the move to increase risk weights for unsecured loans is a prudential measure to curb growth or moderate credit growth to certain sectors. ....

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China's green loans see rapid growth in 2022

BEIJING, Feb. 3 (Xinhua) China green finance continued to see rapid growth last year with outstanding green loans in yuan and foreign currencies up 38.5 perc ....

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About 3 lac PACS members to benefit from CM's largess in Punjab

The cheques would be issued in August, officials are quoted saying.
The Punjab Government initiated a Debt Relief Scheme for Farm Labourers and Landless Farming Members of PACS-2019, which will cover only Consumption Loans to the members of PACS advanced by District Central Cooperative Banks of Punjab through PACS.
Finance Minister Manpreet Singh Badal, Cooperation Minister Sukhjinder Singh Randhawa and cooperative officials attended the meeting. ....

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