In early March, the Reserve Bank of India (RBI) ordered IIFL Finance to stop sanctioning, disbursing and selling gold loans, citing ‘material supervisory concerns’ in its gold loan portfolio.
Securitisation volumes almost doubled in first six months of this fiscal: Icra : Rashtra News Secutisation volumes have almost doubled in the first six months of this fiscal supported by the improving economic conditions, milder lockdowns, increasing disbursements and collections by non banking finance companies (NBFCs). Rating agency expects the growth in securitisation volumes to
India aims for 40% renewable energy by FY2030, driven by RE capacity growth. Energy storage systems, especially BESS and PSP projects, play a crucial role in managing power intermittency, ensuring grid stability, and shifting peak loads to support the transition.
The domestic rating agency said based on its analysis, lower value of Russian oil imports is estimated to have led to savings of USD 7.9 billion in 11 months (April-February) of 2023-24, up from USD 5.1 billion in 2022-23.