DSIJ Mindshare

Mutual funds have reduced their stakes in most of the non-banking finance companies (NBFCs) and housing finance companies (HFCs) in September. The trigger for these exits was the defaults in repayments by group companies of Infrastructure Leasing & Financial Services (IL&FS). The subsequent ratings downgrades led to fears of a contagion in the sector.

If you think your creditworthiness is determined by CIBIL score alone, think again. Apart from the CIBIL score that banks and NBFC take into account for lending purpose, alternate credit scoring models have come up of late that are factored in for determining the creditworthiness of an individual.

Health insurance policies come with restoration and recharge benefits, but not many policyholders know what these benefits entail or can tell the difference between the two.  So, let us try to find out various kinds of restoration options, how recharge benefits the insured and the difference between restoration and recharge benefits.

You must be aware of the divestment plans of the Government of India, wherein the government has divested its stake in various public sector undertakings (PSUs) and has thereby raised money from the markets.  The aim of the government’s divestment is to augments its revenue for the purpose of development.

The Reserve Bank of India deputy governor Viral Acharya has said that the Prompt Corrective Action (PCA) taken by the central bank against 11 public sector banks and one private bank has limited the losses of these banks and saved taxpayers’ money.