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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…
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…
Lack of funds stopping you from pursuing higher education? The government can come to rescue
The Indian government launched the PM-Vidyalaxmi scheme to provide financial assistance for higher …
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…
Why 1 in 2 Indians reject bank applications: FICO survey insights
Why 1 in 2 Indians reject bank applications: FICO survey insights
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…
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
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
Gold loan market projected to double in 5 years to Rs 14.19 lakh crore, says PwC India's report
Lenders are also expected to implement cost optimisation initiatives that will help drive up the bo…
PTI
Thinking of getting a personal loan? Adani group might have something for you
The Adani One app, developed by Adani Digital Labs Ltd, debuted in December 2022 focusing on airpor…
India actively taking steps to become global manufacturing centre: Lazard report
It further noted that in his two terms in power, Prime Minister Narendra Modi has stabilised the ec…
ANI
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
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
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…
As younger borrowers drive digital loans, proportion of ‘borrowed for less than six months’ rises significantly
The digital lending landscape is primarily driven by younger customers, those aged below 40, who ma…
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…
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
Speedy, small loan market sees Muthoot Microfin make an entry
The loan amount can range between ₹10,000 to ₹30,000. The entire loan process, including disburseme…