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2 mins read

Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans

Growth in credit card spending across the system has dropped to about 13% year-on-year (y-o-y) in A…

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Indian banks to have steady growth in earning over next 3-4 years, fees from unsecured lending may dip, notes Jefferies report

Jefferies reports Indian banks are poised for steady earnings and return growth over the next 3-4 y…

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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…

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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…

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7 mins read

Secured Loans 2.0 — why more and more Indians are turning to gold, shares and mutual funds to get loans

Indians are increasingly turning to secured loans like gold loans and loans against securities (LAS…

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Simply Put: Secured Loans 2.0 — why more and more Indians are turning to gold, shares and mutual funds to get loans

Gold loans are surging in India, driven by rising gold prices and a desire for quick cash. Loans a…

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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   


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Weekend wrap: Nvidia’s AI-driven surge, Indian banks’ steady growth and more

Nvidia has become the world's largest company amidst an AI boom, surpassing Apple. Meanwhile, the U…

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3 mins read

Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention

The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…

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3 mins read

Have a home loan? Take a term insurance policy to guarantee peace of mind

Any individual who is looking to take on a loan needs to factor in ways to mitigate the risks that …

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1 min read

Loan scam case: SC cancels bail granted to DHFL's Wadhawans

The Supreme Court on Wednesday cancelled the bail granted to former DHFL promoters Kapil Wadhawan a…

PTI   


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Borrowers with multiple personal loans a big risk to profitability of banks and NBFCs

Raging inflation is not just burning a hole in the pockets of consumers. It is also impairing the a…

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RBI bats for borrowers, releases guidelines to prevent lenders from levying penal interest on loan defaults

The Reserve Bank of India (RBI) has released guidelines instructing lending institutions to clearly…

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2 mins read

Elon Musk sounds the alarm on real estate, warning a spike in defaults on mortgages and commercial loans could hammer banks

Higher interest rates, depressed occupancy levels, tighter lending, and pressure on asset prices co…

Theron Mohamed   


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1 min read

The banks which loaned Elon Musk money to help buy Twitter expect to lose $2 billion on the debt, report says

Elon Musk's Twitter purchase was funded by $13 billion of loans from banks like Morgan Stanley. Now…

Pete Syme   


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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 …

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The vicious circle behind bad loans. Should banks be revealing the names of the big loan defaulters?

Here is what proxy advisory firm founders- Amit Tandon, Founder & MD, IIAS and Shriram Subramanian,…

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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) …

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2 mins read

Bond giant PIMCO sees another wave of bank failures coming as commercial mortgage trouble mounts

A high concentration of commercial real estate loans will cause more banks to fail, Pimco's John Mu…

Filip De Mott   


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RBI announces auction sale of Govt. securities of ₹32,000 crore

The Reserve Bank of India has announced the auction for the sale of Government Securities worth Rs …

ANI