• Loans With Collateral

    RBI proposes a uniform regulatory framework for microfinance sector, proposes ‘collateral-free lending’

    The Reserve Bank of India on Monday releases a consultative document on the regulation of microfinance institutions and proposed a uniform regulatory framework for the microfinance sector, wherein MFIs can provide collateral-free loans to households at board-determined interest rates.  Microfinance is a form of financial service which provides small loans and other financial services to poor and low-income households.  The key proposals of the apex bank include a common definition of microfinance loans for all regulated entities, capping the outflow on account of repayment of loan obligations of a household to a percentage of the household income, and a board-approved  

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  • Financial Analysis

    Federal Energy Regulatory Commission needs a reboot

    The following is a contributed article by Ashish Solanki, an Energy Finance Research Associate at the Institute for Energy Economics and Financial Analysis. The Federal Energy Regulatory Commission (FERC), an independent agency within the Department of Energy responsible for regulating the interstate transmission and sale of electricity and natural gas, needs a massive revamp. The incoming Biden Administration would do well to look for new leadership. The need for a different approach is especially evident when it comes to gas pipeline approvals. FERC is neglecting to analyze significant energy market changes and continuing to rely on a flawed assumption that  

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  • Loans

    U.S. banks sweat regulatory exposure from pandemic loans

    By Lawrence Delevingne, Koh Gui Qing, Michelle Price BOSTON/NEW YORK/WASHINGTON (Reuters) – Banks that facilitated the U.S. government’s Paycheck Protection Program at first saw the effort as a small revenue booster with a patriotic bonus, shepherding $525 billion in loans to businesses slammed by the fallout of the COVID-19 pandemic. FILE PHOTO: Customers wait in line outside a bank amid the coronavirus disease (COVID-19) outbreak in Chelsea, Massachusetts, U.S., May 11, 2020. REUTERS/Brian Snyder But as taxpayers begin to take on the cost of forgiving those loans, lenders like JPMorgan Chase & Co, Wells Fargo & Co and  

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