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2 mins read
HDFC bank sees muted quarterly business; share drops 4.15% during trade today
Anticipating that HDFC Bank's foreign inclusion factor to increase from 50% to 100% in the MSCI Ind…
3 mins read
DHFL scam, simplified: Here’s all about the Dheeraj Wadhawan case — allegedly India’s biggest banking loan fraud ever
The CBI also explains that the Wadhawans had allegedly created lakhs of fake borrowers by randomly …
2 mins read
A woman in Brazil was arrested after she seemingly attempted to get a dead body in a wheelchair to sign for a bank loan
The woman insists that the man, who she said was her uncle, was still alive when they entered the b…
Polly Thompson
2 mins read
Higher risk weight on unsecured bank loans credit positive: Moody's
Higher risk weight on unsecured bank loans credit positive: Moody's. The RBI's decision to tighten …
PTI
2 mins read
India’s small digital businesses have a capital problem and this will only grow
Indian digital small and medium sized enterprises (SMEs) are on a growth path but suffer from a wor…
2 mins read
Banks must allow retail borrowers to switch between fixed and floating rates: RBI
Reserve Bank of India on Friday said regulated entities (REs) have the freedom and they must offer …
ANI
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
1 min read
HDFC Bank records 15.8% loan growth, 20% rise in advances in Q1 FY24
Private sector lender HDFC Bank said loans grew 15.8% to ₹ 16,15,500 crore in the first quarter of …
PTI
1 min read
Strong bank loan growth in FY23 despite higher interest rates: Fitch
Fitch Ratings on Monday said India's bank credit will see strong growth in the current financial ye…
PTI
2 mins read
Bank loan fraud case: Bombay HC to hear plea of Videocon's Venugopal Dhoot against 'illegal' arrest by CBI
Dhoot was arrested on December 26, 2022, and is presently in judicial custody. In his pl…
PTI
1 min read
RBI has taken two Srei companies out of board control after payment defaults
Kolkata based Srei Group companies enter insolvency proceedings as the Reserve Bank of India (RBI) …
1 min read
An unpaid ₹515 crore loan to Yes Bank lands beleaguered billionaire Gautam Thapar behind bars
An unpaid ₹515 crore loan to Yes Bank lands beleaguered billionaire Gautam Thapar behind bars
2 mins read
After SBI, HDFC Bank issues restructuring guidelines for retail loans
Both banks are also offering to extend the balance tenure of the loan by a maximum of 24 month…
4 mins read
India’s largest home loan provider HDFC has given real estate stocks another reason to rally
The largest private housing finance company in India said that demand had improved in both the affo…
3 mins read
A drug retail chain grew from ₹8 crore a year to ₹1000 crore without the MSME tag— the founder has lessons to share with other small biz
An Indian drugs retail chain, and now a medtech platform, Wellness Forever, had an annual turnover …
3 mins read
MSMEs with bank loans due up to Rs.50 crore can get their loans restructured
The second iteration of RBI’s restructuring offer was originally introduced in early May but was…
1 min read
Not easy for entrepreneurs to avail bank loans: Gadkari
He said the ministry is setting up a portal in various languages to inform people about various sc…
PTI
3 mins read
Loan repayments will become due starting today — here are the options that borrowers have
The Reserve Bank of India’s (RBI) six-month moratorium came to an end on August 31, and payments ar…
1 min read
HDFC Bank launches Shaurya KGC Card — a farm loan product for armed forces
They can also avail of this funding to purchase farm machinery, irrigation equipment or construc…