Business

RBI reduces risk weight for consumer credit

New Delhi: The Reserve Bank of India (RBI) on Thursday reduced the risk weight for consumer credit including personal loans to 100 per cent. The RBI said that the consumer credit, including personal loans and credit card receivables, attracts a higher risk weight of 1 25 per cent or higher if warranted by the external rating of the counterparty. "On a review, it has been decided to reduce the risk weight for consumer credit, including personal loans, but excluding credit card receivables, to 100 per cent," read an official release.

SRL-Microsoft develops AI-powered API to improve cancer diagnosis & patient care

Mumbai: SRL and Microsoft organized a day-long pan India Histopathology Meet, themed on 'Digital Pathology and Artificial Intelligence', in Mumbai. Th...

RBI imposes Rs 1 crore fine on LVB, Rs 75 lakh on Syndicate Bank for violating norms

Mumbai : The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Lakshmi Vilas Bank for non-compliance with certain provisions...

TCS named India's overall most outstanding company in Asiamoney's 2019 poll

Singapore: Tata Consultancy Services (TCS) said on Monday it has been voted as the overall most outstanding company in India and the most outstanding ...

IMF calls for connecting dots between sustainable finance and financial stability

Washington : Environmental, social and governance (ESG) issues can have a material impact on the performance of firms and stability of a financial sys...