Financial basis

New York DFS Enters Two Dealer Financing Fee Consent Orders | Ballard Spahr srl

After announcing several years ago that it intended to resume with fair application of loans in the indirect auto finance market where the CFPB left off, the New York Department of Financial Services has announced two consent orders with smaller New York chartered banks on the basis of the claim that allowing car dealers to […]

Financial basis

Indian Railway Finance Corporation Ltd. shows unprecedented revenue and profit for fiscal year 21

Indian Railway Finance Corporation Limited (“IRFC” or the “Company”), the lending arm of the Indian railway market, posted 126% year-on-year profit growth for the fourth quarter of the fiscal year 2020-21, to settle at Rs. 1,482.55 crore versus Rs. 654.63 crore reported as of T4FY2020. Net profit for fiscal year 2020-21 increased 38.34% to Rs. […]