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Furlough creating a false sense of security as mortgage & credit problems arise - why? | Personal Finance | Finance

| UPDATED: 13:11, Mon, Mar 8, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Consumer credit statistics have been analysed in the FICO UK Credit Market Report for January which highlighted a mixed and perhaps confusing picture of UK consumer finances. The global analytics software provider warned furlough and forbearance appear to be masking the true impact of the pandemic, which may well lull politicians and lenders into a false sense of security.

Shivalik Small Finance Bank receives commercial banking license

Shivalik Small Finance Bank receives commercial banking license ANI | Updated: Jan 06, 2021 12:41 IST New Delhi [India], January 6 (ANI/NewsVoir): Shivalik Small Finance Bank (SSFB) announced the receipt of a license from Reserve Bank of India (RBI) to carry on banking business as a Small Finance Bank (SFB) in India. This marks the successful completion of the last major step in the transition of Shivalik Mercantile Co-operative Bank (SMCB) to a SFB. SMCB is the first Urban Cooperative Bank (UCB) in India to transition to a Small Finance Bank under the voluntary transition scheme. Highlights: Shivalik is the first and largest multi-state Urban Co-operative Bank in Uttar Pradesh and has been at the forefront of financial inclusion through a technology focussed approach. It is currently serving customers in Uttar Pradesh, Madhya Pradesh, Delhi, and Uttarakhand.

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