RBI’s Approach to Solving Bad Loan Issue

Sansar LochanBanking and FinanceLeave a Comment


As per newspaper reports the Reserve Bank of India is likely to take steps towards discontinuing the practice of issuing Letter of Undertakings (LoUs) and Letter of Comforts (LoC). Today we will know what is a LoU and what is an LoC? What is an LoU? An LoU is a letter issued by one bank to another assuring the latter … Read More

Basic Details about [P2P] Peer to Peer Lending Platforms

Sansar LochanBanking and Finance, The HinduLeave a Comment


Entrepreneurs sometimes need money to run or promote their business. For this they have to take loan from individuals or any lending agencies. In the market there are some non-banking financial companies (NBFCs) as well which offer to help such entrepreneurs by proving loan. To facilitate such entrepreneurs, Government has decided to create online P2P platforms so that willing investors might invest … Read More