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News
Bank resolution bill recommended for passage in amended form
1+ week, 1+ day ago (102+ words) The Parliamentary Standing Committee on the Ministry of Finance has recommended passage of the Bank Resolution (Amendment) Bill, 2026 in Parliament in an amended form. The decision was taken at a meeting of the committee in Parliament on Saturday, a statement…...
India's New ECL Framework: A Transformative Shift in Credit Risk Management
2+ week, 2+ day ago (436+ words) Aug 28, 2026 3:32PM EDT Written by Roshani Palande The Reserve Bank of India (RBI)’s proposed reforms—for expected credit loss (ECL) provisioning requirements and a more granular Basel III-aligned capital framework—are one of the most significant credit risk transformation initiatives…...
Credit Out of “Thin Air” Brings Wealth Destruction
1+ week, 6+ day ago (632+ words) Rather than attempting to find potential borrowers, Joe could approach an organization that specializes in finding borrowers—the bank. In addition to fulfilling the role of intermediary, the bank also provides a facility for storing money in demand deposits. Note…...
Syrian Civil Status Department denies setting date for issuing new identity cards
2+ week, 14+ hour ago (189+ words) The Director of the Civil Status Department in Syria, Abdullah Al-Abdullah, denied that a specific date had been set so far for beginning the issuance of new identity cards and family booklets, explaining that reports claiming they would begin being…...
Shettima Asks For Prayers As He Marks 60th Birthday
2+ week, 2+ day ago (149+ words) In a statement on Saturday by his Senior Special Assistant on Media & Communications, Stanley Nkwocha, the Vice President explained that keeping the milestone understated reflects his belief that national attention should stay fixed on the work of development rather than…...
Commercial sector funding more than doubles to ₹10.65 trn in April-July
2+ week, 4+ day ago (301+ words) Non-food bank credit jumped to ₹6.69 trillion from ₹0.73 trillion a year earlier, while total outstanding credit from bank and non-bank sources rose 17.4 per cent by July-end The flow of financial resources to the commercial sector more than doubled to â¹10.65 trillion…...
How Gold Lending Is Helping India's Large Informal Economy Transition to Formal Credit
2+ week, 5+ day ago (132+ words) Wednesday, August 26, 2026 at 02:57 PM Why Does the Informal Economy Often Face Credit Constraints? How Does Gold Lending Support Financial Inclusion? What Role Does Technology Play in Formalising Borrower Relationships? Customers using a Gold Loan App may typically access loan information,…...
CARD91 Introduces Five-Point Credit Lifecycle Consistency Framework for Credit Line on UPI
2+ week, 5+ day ago (600+ words) BENGALURU, India, Aug. 26, 2026 /PRNewswire/ -- CARD91, a payments infrastructure company, today introduced its Credit Lifecycle Consistency Framework, a five-point industry framework designed to help banks assess their operational readiness for Credit Line on UPI (CLOU). The framework focuses on ensuring that credit…...
BMO Trucking Credit: The END of Transparent Data?
2+ week, 5+ day ago (136+ words) The trucking industry is losing a critical source of credit insight as BMO sells its transportation finance unit. FreightWaves’ John Kingston, who pioneered tracking BMO’s unique data, reveals how trucking credit quality is finally strengthening just as this transparent data…...
India’s private credit market sees sharp fall in H1 2026 compared to previous year
2+ week, 6+ day ago (371+ words) India's private credit saw 102 deals worth more than $10 million in the first half of 2026, which aggregated to around $3.5 billion. However, the deployment remained significantly below the year-ago period, according to industry data. The sharp year-on-year decline was largely due to…...