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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   


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4 mins read

India’s corporates in ‘wait and watch’ mode as consumption loans zoom

Large corporates are still not driving India’s credit growth as private capital expenditure is yet …

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3 mins read

India poised to become world's third largest consumer market by 2026 outpacing Germany, Japan

According to recent data, India is expected to outpace Germany by 2024 and Japan by 2026, solidifyi…

ANI   


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3 mins read

Consumption loans take a breather in July-September 2023 period, even as delinquencies rise

India’s retail loan growth moderated in the second quarter of FY24, especially in consumption-led s…

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2 mins read

We’d like to curtail consumption-led loans with no clear end use: RBI Dy Governor

“The loans in the under ₹50,000 segments is less than half a percent of total outstanding. The…

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2 mins read

ADB approves $240.5 million loan for rooftop solar systems in India

The Asian Development Bank (ADB) has approved a loan of USD 240.5 million to finance rooftop solar …

ANI   


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3 mins read

Retail trumps corporate lending as small-ticket loans see fourfold jump in past two years

Personal loans are on the rise. The month of December has seen the category in lending-verse amass …

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3 mins read

RBI tightens norms on personal loans for banks and NBFCs; stocks to be under pressure

​​Shares of SBI Cards, RBL Bank, HDFC Bank and ICICI Bank are expected to come under pressure after…

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3 mins read

RBI crackdown on personal loans – Bajaj Finance, IIFL, Aditya Birla and SBI Cards to take a bigger hit, say analysts

Reserve Bank of India’s crackdown on personal loan disbursals by banks and non-banking finance comp…

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7 mins read

The dark truth behind RBI’s crackdown on easy personal loans

The Reserve Bank of India tightened capital norms for lenders disbursing unsecured loans to unsuspe…

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2 mins read

Retail credit continues to boom, but delinquencies need better monitoring, says TransUnion CIBIL

​​India's retail credit market has continued to experience sustained growth in the second quarter o…

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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   


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2 mins read

Here's why the restart of student loan payments won't end up dragging down the economy

"We do not expect the resumption of student loan payments in October to be a watershed moment for c…

Matthew Fox   


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2 mins read

Student loan payments are about to drain $8 billion a month from consumers, and spending will start contracting early next year

Student loan payments resume next month, and Fitch predicted delinquency rates will quickly reach p…

Filip De Mott   


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2 mins read

Consumer stocks face big risks as Americans' wallets are battered by high gas prices, student loans, and expensive housing, Morgan Stanley's CIO says

Soaring gas prices, resuming student loan payments, and unaffordable housing costs are reasons why …

Jennifer Sor   


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6 mins read

I live on a boat to help me pay off my $80,000 student-loan debt. Living this way has expenses, but I think there's a financial upside.

Cody Plante regrets his graduate school loans and said now he may die with some debt if he doesn't …

Jen Glantz   


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3 mins read

The US consumer isn't in trouble. Here are 5 stats that show Americans will be fine even amid dwindling savings and student loan payments.

Consumers have $169 trillion in assets and just $20 trillion in debt. That's a healthy balance shee…

Matthew Fox   


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2 mins read

Credit cards, personal loans & more – India’s youngest adults lead in credit inquiries

As India’s youngest adults are going for credit cards, consumer durable loans and personal loans – …

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3 mins read

Shrinking car and two-wheeler sales is now hurting India’s biggest private bank

Shrinking retail loans was the primary reason for investor disappointment. Now, the lack of borr…

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1 min read

The US economy is barreling toward a 'student loan cliff' as borrowers may soon owe $18 billion in monthly repayments, Jefferies analyst says

The US economy is barreling toward a 'student loan cliff,' with a moratorium on repayments set to e…

Zinya Salfiti