Budget 2020

Reserve Bank issues rules for HFCs

The RBI on Wednesday issued directives to housing finance companies (HFCs) on maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio. It said the directions, took immediate effect and were aimed at protecting the interests of investors and depositors. “All non-deposit taking HFCs with asset size of ₹100 crore and above and […]

Budget 2020

Fear, greed, euphoria or FOMO: Which emotion will be dominant in market in 2021?

We are here for multi-year trends and in the lifetime of any investor if you are able to get one or two such large trends the wealth creation impact is massive, says Atul Suri, CEO, Marathon Trends — PMS. Marathon has a very strong bias towards specialty chemicals, API and related plays. We have seen […]

Budget 2020

Loan moratorium: Banks told to credit ‘interest on interest’ to borrowers, RBI tells SC

Banks, financial and non-banking financial institutions have been asked to take “necessary actions” to credit into the accounts of eligible borrowers by November 5 the difference between compound and simple interest collected on loans of up to Rs 2 crore during the moratorium scheme, RBI has told the Supreme Court. The Reserve Bank of India […]