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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
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
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
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…
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
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
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
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
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
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
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…
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
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
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
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
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
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
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 …
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…
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…