Credit through the cycle
Follow bank and non-bank balance sheets to see how changes in policy and risk reach borrowers.
18 Nov 2025
India’s digital loan comparison rule changes what the first offer is worth
A lending app can shape choices by deciding which offer a borrower sees first. The RBI’s November rule gives borrowers more comparable information and makes ranking an important test.
23 Feb 2026
A higher collateral-free limit moves the small-business credit test to cash flow
The RBI has raised the mandatory collateral-free limit for micro and small enterprises. Approval, pricing and loan size will show whether more viable firms can borrow.
6 May 2026
India’s expected-loss rules will make bank judgement more visible
The RBI’s final rules move commercial banks towards forward-looking provisioning from April 2027. The transition will show how banks distinguish deteriorating risk from temporary stress.
1 Jul 2026
India’s invoice-finance rules make buyer approval a critical bottleneck
TReDS lets small suppliers turn receivables into cash. The rate they obtain matters, but so does the time between delivery and a financeable invoice.
3 Nov 2026
India’s faster bank credit needs a look through to the final borrower
Non-food bank credit rose 19.1 per cent. Lending to intermediaries can widen access while adding refinancing and concentration risks that the headline cannot show.