Central banking articles
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Central bank bars P2P startups from giving default loss guarantee in tie-ups with NBFCs
The central bank has said peer-to-peer lending platforms cannot offer any default loss guarantee (DLG) to investors, as it furthers scrutiny on the digital lending sector.The Reserve Bank of India’s directive dated April 26 is likely to impact operations of P2P platforms that relied on affiliates such as Uni, MobiKwik, BharatPe, Rupifi and others to source customers, industry executives said. Some prominent P2P startups with a strong affiliate business are Lendbox, LiquiLoans, Faircent and...
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India's 8.5% growth rate has some 'fluff,' former central bank chief Raghuram Rajan says
India's 8.5% economic growth rate has some "fluff' in it, according to former Reserve Bank of Governor Raghuram Rajan.
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UAE central bank asks lenders to defer loan repayments for six months to help flood-hit residents
Roughly a year's worth of rain pummeled the Gulf country in a span of just 12 hours between April 16 and 17, destroying businesses, cars and other property.