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Morgan Stanley warns RBI’s move to scrap foreclosure charges on loans to hit profitability of NBFCs
The move is expected to particularly affect NBFCs with a significant proportion of floating-rate loans against property (LAP) ...
RBI proposes to scrap foreclosure charges on floating-rate loans for retail and MSME borrowers
The Reserve Bank of India (RBI), in a draft circular has mandated lenders to permit foreclosure or prepayment of all floating rate loans sanctioned to individuals for purposes other than business, ...
Indian rupee premiums, short-term bond yields drop after central bank's $10 billion FX swap
The 1-year dollar/rupee forward premium plunged on Monday and shorter-term India government bond yields fell, after the ...