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2 mins read

Loan sanctioning has gone digital, but recovery still needs a 'feet on the street' approach, says RBI Deputy Governor

He also highlighted one particularly concerning practice that involves the invasion of customers' p…

ANI   


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2 mins read

Rs 782.26 crore distributed to 12.72 lakh ineligible beneficiaries under KALIA scheme: CAG

The scheme was launched in December 2018 to provide financial assistance to farmers, landless agric…

PTI   


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3 mins read

Banks write off loans worth ₹9.90 lakh crore in last 5 financial years

"Banks evaluate/consider the impact of write-offs as part of their regular exercise to clea…

PTI   


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2 mins read

5 things to keep in mind before taking a personal loan

A personal loan can come in handy when you need money in case of an emergency. Being an unsecured l…

Business Insider Latest Story Image
2 mins read

IIFCL profit rises 44% to highest-ever of ₹1,552 crore in FY24

He said, for the first time, the profit before tax has crossed Rs 2,000 crore. During the yea…

PTI   


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4 mins read

After various degrees and a brain injury, I owe $150,000 in student loans. The lawsuits and election only make it worse.

Shanna Hayes owes more than $150,000 in student loans, made worse after a brain injury. The electio…

Alice Tecotzky   


Business Insider Latest Story Image
1 min read

The US office sector will worsen through next year, and the recovery will be slower than after the 2008 crisis, Fitch Ratings says

Office loan delinquency will be higher than previously forecast in 2024 and 2025, Fitch Ratings wro…

Filip De Mott   


Business Insider Latest Story Image
3 mins read

RBI curbs: JM Financial says 'no material deficiencies in loan sanctioning process'

JM Financial on Wednesday said it had a "careful and detailed review" of the Reserve Bank's order i…

PTI   


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2 mins read

The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, think tank says

"Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of lev…

Aruni Soni   


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3 mins read

Banks write off Rs 14.56 lakh crore NPAs in last nine financial years

Scheduled Commercial Banks (SCBs) have recovered an aggregate amount of Rs 2,04,668 crore in wr…

PTI   


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2 mins read

Affordable homes a misnomer? Your home loan EMI has shot up 20% in the last 2 years

It’s one thing to buy a home and another to pay the loan installments that come with it. The real e…

Business Insider Latest Story Image
1 min read

Hardik Pandya may miss more World Cup matches, continues his recovery at NCA

Star all-rounder Hardik Pandya is likely to sit out of India's next two World Cup matches as he is …

PTI   


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3 mins read

The student-loan payment restart is about to put pressure on an already-fragile economy

Student-loan payments were paused for over three years, and the economy survived without them. That…

Ayelet Sheffey   


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2 mins read

People have stopped paying their car loans, and it shows millions are struggling in this economy

While the government has frozen student-loan interest and evictions, subprime auto borrowers are in…

Ben Winck   


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3 mins read

The economic recovery is still K-shaped and it's especially bad for parents and people with student-loan debt

Stimulus checks helped but almost half of low-income Americans are feeling stressed about money, wh…

Madison Hoff,Ayelet Sheffey   


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5 mins read

An Iowa nonprofit suffered nearly $1 million in flood damages. The woman who runs it shares the long road to recovery.

Flooding is the most frequent and costliest type of natural disaster in the US. A changing climate …

Jacob Zinkula   


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1 min read

China scrambles to support its economy with another interest-rate cut as recovery sputters

The People's Bank of China cut rates on medium-term policy loans Thursday amid signs of stagnant gr…

George Glover   


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1 min read

Bombay HC frowns at PNB for inaction on diamantaire Nirav Modi's loan frauds

The Bombay High Court has pulled up the Punjab National Bank (PNB) for not taking steps to recover …

Business Insider Latest Story Image
3 mins read

Indians are taking more personal loans, buying consumer goods on credit, says report

Personal and consumer durable loans almost doubled between FY19 and FY22, despite a lull for two ye…

Business Insider Latest Story Image
2 mins read

In a bizarre incident, loan recovery agents hold 34 employees hostage in a bus in Agra

The incident took place in the Malpura police station area when the bus was en route to Panna in…

PTI