RBI approves First Loss Default Guarantee program between fintechs and partner banks, NBFCs
Mumbai: The Reserve Bank of India (RBI) has given its approval to the First Loss Default Guarantee (FLDG) program, media reports said.
Public sector banks recovered 14% of written-off loans in last 5 years: FM Sitharaman
New Delhi: Public sector banks could get back only 14 percent of the written-off loans in the last five years ending March 2022, Parliament was informed on Tuesday.
RBI's one-time loan restructuring plan plugs the past gaps: Experts
Kolkata/IBNS: The current loan restructuring package by the Reserve Bank of India(RBI) with proper timelines mentioned in the guidelines has plugged all the gaps that were there previously, said Partha Pratim Sengupta, Managing Director & CEO, Indian Overseas Bank.