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Following the RBI's tighter regulations on co-lending, banks and NBFCs may shift towards direct assignment of assets. The new rules demand significant tech integration and credit policy alignment, potentially slowing down operationally intensive loans. While larger NBFCs might find the compliance burdensome, smaller ones could benefit from the default loss guarantee, enhancing their scaling ability.
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Two people working on powerlines near the Mississippi River died Thursday when their helicopter hit the lines, crashed into a barge and sparked a fire that belched plumes of black smoke, officials said.
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The unusual demand adds to challenges facing the firm, which has been seen as falling behind in the chip race.
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