Bihar’s new microfinance law could stall the sector’s rebound. The state assembly passed a bill regulating money lending, a move that may push up loan defaults, echoing issues seen in other states. Lenders are prioritizing borrower engagement to curb repayment delays, and the industry aims to reassure borrowers while safeguarding asset quality.Read More
Howard Marks believes AI possesses many investor qualities like data processing and unemotional decision-making, but lacks crucial human elements like “skin in the game” and intuitive risk assessment. While acknowledging AI’s rapid advancement and potential, he advises a cautious, selective approach to investing in the technology, warning against going all-in.Read More
January saw Mumbai’s new rupee-loan rates climb, propelled mainly by state-owned lenders. By contrast, rates on existing loans dipped slightly and deposit rates declined a touch. The move unfolds in the RBI’s policy backdrop, after its prior repo-rate reduction.Read More
Gold loans surged 128% year over year, while renewable-energy lending rose 62%. Export credit declined 17.2%. Total bank credit increased 14%, outpacing deposit growth. Retail loans grew 15%, corporate lending improved to 12%, and the gems-and-jewellery and engineering sectors each posted 36% growth. Overall credit expansion now exceeds deposits.Read More
U.S. stocks faced significant declines on Friday, heading for their largest monthly drop in a year due to persistent investor worries. Financial and tech sectors were particularly hard hit by concerns over AI costs, revived tariff uncertainties, and geopolitical tensions, alongside hotter inflation data.Read More
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