The RBI announced the liquidity facility under the TLTRO 2.0 window for NBFCs and MFIs after these institutions failed to get funding under the earlier TLTRO scheme announced late in March.

To tackle the current crisis arisen from the COVID-19 outbreak and the consequent nationwide lockdown, the government and the RBI have announced many measures to ease the stress of businesses. 

The loan moratorium, as suggested by the Reserve Bank of India (RBI) last month and subsequently implemented by various lenders across the country, might be able to provide some temporary relief for now but could also play a hand in changing the credit landscape of the banking sector.

Experts say more borrowers are likely to line up for emergency credit from banks as many businesses will be hit by the slump in demand and zero footfall in the market in the wake of the pandemic.

Implementation of three months moratorium on repayment of loan instalments announced by the RBI was also reviewed during the meeting.

The state-owned bank launched an emergency credit line to provide funds to its existing MSME and corporate borrowers in the last week of March, soon after the lockdown was announced.

Having come up with emergency credit lines to help businesses weather the Covid storm, banks are seeing little demand for fresh credit at this stage.

Meanwhile, deposit growth in the banking system rose to 9.83%, falling marginally compared to the previous fortnight.

The meeting, to be held via video conference, will also dwell on credit disbursement since March, with the focus on Covid-19-related credit sanction and offtake.

The Xiaomi Mi 10, which typically sells for well over $850, is now selling for just $679.99! The phone is technically not available in the US or many countries in Europe, but this amazing deal also comes with free international shipping, allowing you to have the phone delivered anywhere in the world. Just as a quick ...

Cred, a credit card payment app founded by ace entrepreneur Kunal Shah in late 2018, is now all set to foray into digital lending niche. Two very interesting fintech products have been launched by Cred for their million+ loyal users, which will help them to cope with the financial crisis unleashed by the coronavirus. Now, […]

The post Cred Will Offer Credit To Credit Card Users; Enables House Rent Payment Using Credit Card At 1.75% Fees first appeared on Trak.in . Trak.in Mobile Apps: Android | iOS.

Whitepaper called From Zero Credentials to Full Domain Compromise. This paper covers techniques penetration testers can use in order to accomplish an initial foothold on target networks and achieve full domain compromise without executing third party applications or reusing clear text credentials.

A flaw was found in Workspace Control that allows a local unprivileged user to retrieve the database or Relay server credentials from the Windows Registry. These credentials are encrypted, however the encryption that is used is reversible. This issue was successfully verified on Ivanti Workspace Control version 10.2.700.1 and 10.2.950.0.

Centreon version 19.10.5 suffers from a database credential disclosure vulnerability.

Many Cisco devices such as Cisco RV340, Cisco RV340W, Cisco RV345, Cisco RV345P, Cisco RV260, Cisco RV260P, Cisco RV260W, Cisco 160, and Cisco 160W suffer from having hard-coded credentials, known GNU glibc, known BusyBox, and IoT Inspector identified vulnerabilities.

Cisco DCNM JBoss version 10.4 suffers from a credential leakage vulnerability.

A git clone action can leak cached / stored credentials for github.com to example.com due to insecure handling of newlines in the credential helper protocol.

XBOX 360 Aurora version 0.6b default credential FTP bruteforcing script.

Avast Anti-Virus versions prior to 19.1.2360 suffer from a local credential disclosure vulnerability.

Iowa economic development officials are tentatively endorsing a tax credit for battery storage to complement the state’s wind and solar generation.

Clearway Energy Group, one of the U.S.’s largest clean power developers, is launching a pilot electronic marketplace for renewable energy credits as more states push for solar and wind projects.

Iowa economic development officials are tentatively endorsing a tax credit for battery storage to complement the state’s wind and solar generation.

Clearway Energy Group, one of the U.S.’s largest clean power developers, is launching a pilot electronic marketplace for renewable energy credits as more states push for solar and wind projects.

On Thursday, US Congressman from Pennsylvania Mike Doyle introduced a bill that would establish a federal investment tax credit (ITC) for energy storage. The legislation would allow energy storage project developers, both commercial and residential, to receive a 30 percent tax credit for large-scale, commercial-scale and residential-scale storage projects through 2021.

Iowa economic development officials are tentatively endorsing a tax credit for battery storage to complement the state’s wind and solar generation.

Clearway Energy Group, one of the U.S.’s largest clean power developers, is launching a pilot electronic marketplace for renewable energy credits as more states push for solar and wind projects.

Iowa economic development officials are tentatively endorsing a tax credit for battery storage to complement the state’s wind and solar generation.

The National Credit Union Administration liquidated PEF Federal Credit Union of Highland Heights, Ohio.

The Ohio Division of Financial Institutions has liquidated the Taupa Lithuanian Credit Union of Cleveland, Ohio, and appointed the National Credit Union Administration as liquidating agent.

The Michigan Department of Insurance and Financial Services liquidated Craftsman Credit Union of Detroit and appointed the National Credit Union Administration as liquidating agent.

The U.S. Environmental Protection Agency said it has invalidated 33.5 million renewable-fuel credits sold by an Indiana company for biofuel it didn’t produce, the fourth time the agency has alleged fraud in the program.