After raising risk weights on consumption loans, RBI plans framework for loan aggregators, connected loans

Months after warning banks and non-bank financers to strengthen internal surveillance and address any build-up of risk in the retail, especially consumption loans segment, the Reserve Bank of India, last month, raised risk weights on such loans. Now, the central bank is planning a comprehensive regulatory framework for loan aggregators to bring in more transparency…

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S&P Upgrades PenFed Auto Loan Securitizations Due to Strong Performance

S&P Global Ratings upgraded ratings on three classes and affirmed ratings on three remaining classes in PenFed Auto Receivables Owner Trust 2022-A. Positive Outlooks were assigned to the class B, C and D notes. The affirmations and upgrades reflect collateral performance to date, expectations regarding future collateral performance, the transaction’s structure and credit enhancement. TYSONS,…

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Chief Economic Adviser backs RBI’s move to rein in soaring unsecured personal loans

Chief Economic Adviser (CEA) to the government of India, Anantha Nageswaran, has expressed support for the Reserve Bank of India’s (RBIs) decision to impose restrictions on unsecured personal lending. During a CII event, Nageswaran cautioned against premature triumphalism, highlighting the significant growth rate of 30% in unsecured personal loans. “Unsecured personal loans were growing at the rate of…

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IREDA floats retail division for business to customers loans at COP28 event

Shortly after opening, IREDA’s retail division quickly sanctioned its first loan amounting to Rs 58 crores under KUSUM-B. (Photo: Bloomberg) State-owned Indian Renewable Energy Development Agency has floated a retail division for providing loans under PM-KUSUM scheme, Rooftop Solar, and other Business-to-Consumer (B2C) sectors. IREDA Chairman & Managing Director Pradip Kumar Das announced…

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Sedan November 2023 Sales Analysis

In this November 2023 car sales analysis article, we’ll look at the YoY and MoM change in sales figures of all sedans in India. Where applicable, we’ll also include our observations based on the sales data and possible reasons behind a massive increase or drop in sales. Lastly, the table with monthly sales of all…

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