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BM Finance Fundas: All you need to know about personal loan

Further, credit card receivables of scheduled commercial banks, which used to attract a risk weight of 125%, have been hiked to 150% while NBFCs’ risk weights have been raised by 25% to 125%.

Personal loans to get costlier? Interest rates likely to rise by up to 1.5% in 2024 with new RBI rules |

Find out why personal loans in India are set to become more expensive in 2024. Learn about the recent rule changes by the Reserve Bank of India (RBI) and how they will impact the cost of unsecured lending. Discover the potential increase in interest rates and stricter eligibility criteria for borrowers.

risk weighted asset: Personal loan interest rate likely to rise up to 1.5%; loan eligibility norms to get tighter with RBI new rule

Personal Loan Interest Rates: All lenders regulated by the RBI are required to hold capital in a certain proportion of the loan amount they lend. The riskier the loan, higher the capital a lender has to maintain. As a direct consequence of the RBI raising the risk weightage, lenders now have to maintain higher capital reserves for the riskier category. What changes for the lenders? Read on to know how much more you will have to pay for your next personal loan.

Broking industry likely to achieve all-time high revenues and net profits in FY24: ICRA

The broking industry is expected to achieve all-time high revenues and net profits in FY24, driven by a revival in investor sentiment, according to a report by rating agency ICRA.

Investor exuberance propelling broking industry performance with 20% growth in the net operating income, says ICRA