The Consumer Financial Protection Bureau will not enforce or supervise the 1071 small business lending rule, it announced in ...

Congress in December 2022 enacted a sweeping new transparency statute for international agreements made by the executive branch. (We previously discussed the statute here and here.) This law imposes ...

As has been previously announced, the Company is in default under its credit agreements and was unable to repay its term loan that was due on February 28, 2025. The Transaction provides the ...

Argentina reached a $20 billion agreement with the International Monetary Fund after President Javier Milei made sweeping changes to ease the nation’s currency controls in a landmark moment for ...

The Reserve Bank of India (RBI) announced the plan of new rules for gold loans, after which there has been a stir in major gold loan companies Manappuram Finance and Muthoot Finance etc.

BankBazaar CEO Adhil Shetty gives his insights on the existing rules for gold loans backed by collateral and also on which gold assets cannot be pledged with financial institutions for gold loan.

Banks and NBFCs reported a sharp 77 per cent surge in gold loan outstanding to Rs 1.78 lakh crore as of January 2025. With gold prices shooting up, gold loan business has grown rapidly. Banks and ...

One aspect of these draft norms involves stricter norms for the loan-to-value ratio, that is set to impact non-banking financial companies more than banks. While the maximum permissible LTV remains ...

On Feb 8, 2017, SBI lent a Rs 1.5 crore loan to Mahalingappa and his three ... 20 lakh with interest after the last date under the OTS agreement would be contrary to the settled position of ...

Also, they were not keeping a proper balance between the loan amount and gold value. Because of all this, RBI now wants to make stricter rules to make sure gold loans are given in a safe and fair way.