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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
After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit
The ULI platform facilitates a seamless and consent-based flow of digital information, including ev…
ANI
Digital initiatives to triple Indian retail borrowing to USD 2.5 trillion by 2030: S&P Global
Recognising the impact of digitisation in the country, S&P Global Ratings said that the state-backe…
ANI
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…
Shares of Better whose CEO fired 900 workers on a Zoom call — slumped 93% on their first day of trade
Shares in Better Home & Finance tumbled 93% in their first day of trading after combining with a SP…
Huileng Tan
Bankrupt FTX sues Voyager Digital to recover $446 million in loan repayments it made to the crypto lender
FTX claims it made its loan repayments to Voyager Digital so close to when it filed for bankruptcy …
Zahra Tayeb
Silicon Valley Bank's spectacular implosion shows how digital banking can decimate a lender in 24 hours
SVB's customers tried to pull funds at a rate of nearly $500,000 a second Thursday. It shows bank r…
Hasan Chowdhury
How private lenders have left millions of college students with no hope for the future
How the booming market for private loans saddled millions of students with $136 billion in debt tha…
Ayelet Sheffey
Not comfortable with NPAs in urban co-op banks says RBI, asks lenders to focus on governance
RBI Governor Shaktikanta Das on Monday said the central bank is "not comfortable" with the gross no…
PTI
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 …
When will Paytm start making money
Paytm has a lot of products but it’s not a market leader in any of them. Analysts say that it could…
The SEC files an objection to Binance.US's $1 billion bid to buy Voyager Digital's assets, as the regulator scrutinizes deal for the bankrupt crypto lender
The SEC raised a question about Binance.US's ability to "consummate a transaction of this magnitude…
Carla Mozée
Crypto lender Celsius pauses account withdrawals and transfers as digital tokens plummet across the board
"We are taking this necessary action for the benefit of our entire community in order to stabilize …
Zahra Tayeb
RBI to come up with unified regulatory framework on connected lending
The Reserve Bank of India (RBI) said on Friday that it will come up with a unified regulatory frame…
FTX boss Sam Bankman-Fried has bailed out struggling crypto lender BlockFi with a $250 million loan
SBF "is the new John Pierpoint Morgan - he is bailing out cryptocurrency markets," SkyBridge Capita…
George Glover
India’s microfinance loan portfolio stands at ₹3 lakh crore with 6 crore unique borrowers
The Indian microfinance loan industry today serves 6 crore unique borrowers having 11.8 crore loan …
Crypto lender Vauld has frozen withdrawals, and hedge fund Three Arrows Capital has filed for bankruptcy. Here are the crypto firms hit by the sell-off.
The crash in crypto prices is spurring a liquidity crisis among lenders and exchanges. Here are the…
George Glover
Crypto lender Genesis is reportedly preparing to file for bankruptcy as soon as this week
Genesis was still in talks with creditors, and plans for a potential bankruptcy filing could change…
Carla Mozée
Crypto lender Genesis files for bankruptcy as the fallout from FTX's collapse continues
Genesis has more than 100,000 creditors, with assets and liabilities ranging between $1.2 billion t…
Zahra Tayeb
Crypto lender Celsius hires lawyers to help it restructure its finances, after it froze withdrawals of customer deposits: report
Celsius' customers have reportedly withdrawn more than $2.5 billion in assets this year as crypto p…