Does SBI Purchase NBFC Loans Make Business Sense?

The decision by the State Bank of India to step up purchases of loan portfolios from non-bank financial companies has eased the fall in the stock prices of non-bank lenders. Shares of all NBFCs closed higher. Bajaj Finance Ltd. gained 10%, Indiabulls Housing Finance Ltd. rose 3.6% and Dewan Housing …

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Chicago area CEO arrested in Capitol riots put on leave

UPDATE AT 4:45 p.m.: The president and CEO of suburban digital marketing company Cogensia has been fired by the company’s board of directors, effective immediately. The move comes following earlier reports that CEO Brad Rukstales was on leave following his participation in Wednesday’s rally that resulted in violence on Capitol …

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Consumer watchdog controls payday lenders with tough new measures

(Photo credit: Shutterstock) Federal regulators on Thursday released new rules that will drastically restrict access to payday loans and curb some practices that have angered consumer advocates. Payday loans, which provide cash-strapped consumers with quick access to cash, are typically characterized by ultra-high interest rates and short repayment periods. Borrowers …

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Ancient tips for modern businesses

Ask 100 people what US businesses need most and you’ll get 101 different answers (someone will change their mind before you’re done). They will cover the gamut from taxes (usually less) to environmental protection (usually more) and government regulations (more or less). Each answer will be valid for a business …

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The “very uncertain” way forward for the economy

ANKARA US Federal Reserve Chairman Jerome Powell said on Tuesday that the path to recovery for the US economy “continues to be very uncertain,” but the central bank has pledged to use all tools to ensure the reprise. The Fed will use all tools to limit any lasting damage to …

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