Based on feedback from the industry and the government’s department of financial services, the final norms are easier than the previously proposed draft norms. They include a higher loan-to-value (LTV) ratio for small-ticket loans and don’t require credit appraisal for such loans. The deadline to implement these guidelines has also been extended to April 2026.
Fintechs believe the provisioning variance is due to the differentiated interpretation of Ind-AS accounting standards, which allow for a ‘risk mitigant’ like Default Loss Guarantee to be considered while calculating the expected credit loss (ECL) provisions. Unified Fintech Forum and self-regulatory organisation Fintech Association for Consumer Empowerment (FACE), in their representiations to the Reserve Bank
Apache Lending Apache Lending Get the latest news delivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy. Las Vegas, Nevada, May 28, 2025 (GLOBE NEWSWIRE) — Looking for tribal loans
The Federal Reserve is meeting on Tuesday and Wednesday, so we could see mortgage rates fluctuate a bit this week. Fed officials have made it clear that they want to wait and see how tariffs impact the economy before they make any moves, so it’s unlikely they’ll lower the federal funds rate at this meeting.