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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
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…
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…
We're about to enter the Digital Dark Ages
From Gawker to the Cartoon Network, online archives are vanishing — and they're taking our cultural…
Adam Rogers
Business Insider Wins Murrow Award
Business Insider was awarded an Edward R. Murrow Award for Excellence in Diversity, Equity and Incl…
Business Insider Press Room
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…
FM announces credit guarantee scheme, other measures for MSMEs
The credit guarantee scheme for MSMEs in manufacturing will operate on the pooling of credit risks …
PTI
Many of the small business owners Harris is targeting say they've never heard of a key economic proposal
Five female entrepreneurs told BI they doubted most people, especially those in rural areas, know a…
Alice Tecotzky
Removed Angel Tax, taking policy measures to promote fintech sector: PM Modi
Lauding the fintechs for democratising financial services, Modi said the sector, which has attracte…
PTI
84% of Indian small businesses anticipate robust growth in 2024: CPA Australia survey
A recent Certified Practising Accountant (CPA) Australia survey has revealed an overwhelming optimi…
ANI
DBS Bank’s handcrafted solutions to empower MSMEs across India
Being a major contributor to the socio-economic development of the country, this sector has been…
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
India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report
Several enabling forces have come together to energise this revolution. Although internet penetrati…
PTI
Moneyview and Truecaller join forces to fight against online frauds, enhance communication efficiency
Moneyview, a leading financial services company has announced a strategic partnership with Truecall…
ANI
Google has removed 2,500 fraudulent loan apps from its Play Store, says FM
The matter is also regularly discussed and monitored in the meetings of the Financial Stability…
PTI
Personal loans remain the dominant Fintech product, accounting for 96% of the total disbursement volume: Equifax and FACE
The highest number of personal loans are disbursed in less than ₹5,000 ticket size. Digital loan d…
ADB approves $23 million loan to catalyze fintech development in Gujarat
According to ADB, Gujarat International Finance Tec-City (GIFT), a state-owned enterprise, serves a…
ANI
RBI governor asks realty companies to stress test their books
The governor of Reserve Bank of India (RBI) Shatikanta Das said on Wednesday that the recent measur…
Going to take a digital loan? Read this before you do it
Digital loan providers take money from banks and other financial lenders and route it to people …
These student-loan borrowers qualify for debt cancellation through the government, but they're struggling to get the same relief on their private balances: 'I feel so defeated. I feel trapped.'
Biden forgave student loans for borrowers who went to schools accused of fraud. Private borrowers a…