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7 mins read
Simply Put: Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance sector faces increasing challenges due to rising defaults, affecting the stabi…
6 mins read
Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…
5 mins read
One chip company's newest tactic to attract workers: Help pay off their student loans
GlobalFoundries, a New York-based chipmaker, is offering employees up to $28,500 in student debt re…
Jacob Zinkula
1 min read
IndusInd Bank and Tata Power Renewable partner to provide collateral-free solar loans to MSEs
Through this collaboration, Tata Power Renewable and IndusInd aim to ease the transition to solar e…
2 mins read
Consumption loan portfolio expands 15% to Rs 90 lakh crore in FY24, notes CRIF report
The home loans portfolio saw growth slowing down to 7.9 % YoY in FY24, from the 23 % expansion seen…
PTI
4 mins read
Insider Today: Preparing for Trump 2.0
In this Sunday edition of Insider Today, we're talking about how companies are gearing up for a sec…
Matt Turner
1 min read
Loan limit under MUDRA scheme to be doubled to ₹20 lakh: Sitharaman
Further, the Centre will also promote investment-ready industrial parks in 100 cities, the fina…
PTI
3 mins read
Student-loan companies that don't do their jobs should be fired, Elizabeth Warren says. Her next target is one that manages 8 million borrowers.
After Navient was banned from federal student-loan servicing, Elizabeth Warren told BI it's a warni…
Ayelet Sheffey
2 mins read
Afcons Infra fixes IPO price at Rs 440-Rs 463 per share, issue to open on October 25
Afcons will reportedly use around Rs 80 crore from IPO proceeds to fund capital expenditure and pur…
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
2 mins read
Three out of 5 consumers think it's normal to exaggerate income on loan applications: Survey
"Three in five consumers (63 per cent) think it is OK or normal for people to exaggerate their …
PTI
3 mins read
Gold loan market projected to double in 5 years to Rs 14.19 lakh crore, says PwC India's report
Lenders are also expected to implement cost optimisation initiatives that will help drive up the bo…
PTI
3 mins read
VMware customers are seeing massive late fees since Broadcom acquired the company
VMware's transition to subscription models under Broadcom has led to customer frustration and drive…
Rosalie Chan
3 mins read
Student-loan borrowers should no longer be serviced by a major company that's been scrutinized for bad behavior, a group of Democratic lawmakers and advocates say: 'It's time to fire MOHELA'
The Education Department has already punished MOHELA, but Rep. Ilhan Omar said that "it is time to …
Ayelet Sheffey
7 mins read
Credit card companies are ripping you off like never before
Sky-high credit card interest rates are making it hard for many Americans to pay off their growing …
Ayelet Sheffey
5 mins read
Amazon's RTO mandate won't pay off in the way the company hopes
Amazon will require workers to be in the office five days a week next year. Experts warn it could h…
Madeline Berg,Tim Paradis
2 mins read
Companies in Japan are offering workers with bad allergies subsidized trips to low-pollen destinations
Companies in Japan are offering workers with bad seasonal allergies subsidized trips to tropical lo…
Joshua Zitser
3 mins read
A man was left stranded on a mountain by his colleagues in a work retreat gone badly wrong
A Colorado work retreat turned perilous after a man was stranded overnight on a mountain after coll…
Mia Jankowicz
2 mins read
Yes Bank Q2 net profit jumps 48% on low base; says unsecured book reporting stress
Yes Bank on Saturday reported an over 47% increase in its net profit at Rs 228.64 crore in the Sept…
2 mins read
Student-loan borrowers are getting $100 million in payments after being 'cheated' out of lower bills by a major lender, a federal consumer watchdog says
Student-loan company Navient is barred from servicing federal loans in a settlement it reached with…