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4 mins read
RBI likely to keep interest rate unchanged at 6.5%, say experts
Reserve Bank of India (RBI) is likely to keep the key interest unchanged at 6.5% on Thursday, and w…
PTI
3 mins read
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…
2 mins read
Most of India's core sector borrowers can withstand Rupee depreciation: Moody's
Majority of India's rated infrastructure issues can withstand further depreciation of rupee owing t…
1 min read
Opportunity must be given to borrowers before banks declare their account as fraud: SC
The Supreme Court on Monday ruled that an opportunity must be given to an account holder to be hear…
2 mins read
RBI mandates banks to set up committees for inspection of fraud cases after the SC ruling
As per the revised directions of Reserve Bank of India (RBI), the lenders have to issue a detailed …
ANI
1 min read
SBI raises lending rates by 5 to 10 basis points; New loans to cost more
The State Bank of India (SBI) on Monday announced an increase in its Marginal Cost of Funds Based L…
ANI
3 mins read
Armed with better credit scores, female borrowers grow in numbers: CIBIL
The number of women borrowers is on the rise, with growth rates higher than those of men. This is d…
2 mins read
After a volatile week, all eyes on RBI’s Monetary Policy meeting! But experts expect no change in repo rate
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is gearing up to announce its mon…
1 min read
RBI issues draft rules for lending, borrowing of govt securities
The Reserve Bank of India (RBI) on Friday issued draft guidelines for lending and borrowing of gove…
2 mins read
Budget for world's fastest growing economy: Key numbers to be watched
Finance Minister Nirmala Sitharaman will be presenting her fifth Budget that may do a tightrope wal…
PTI
4 mins read
Inflation is making Indian companies borrow more – that's bad news when interest rates are high
The interest rates were increased for the first time since 2018, ending an era of low interest r…
4 mins read
S&P ups India's outlook to positive, raises hope for rating upgrade in 2 years
In a statement on Wednesday, the US-based agency said India's rating can be upgraded in the nex…
PTI
2 mins read
Indian stock market closes in red after touching all-time high; Most IT stocks suffer
The stock indices closed with a marginal dip after both indices touched a time high during Monday's…
ANI
4 mins read
DMK vows to repeal CAA if INDIA bloc is voted to power
Tamil Nadu's ruling DMK, a key constituent of the INDIA bloc, in its manifesto released on Wednesda…
PTI
2 mins read
Vedanta Resources pays $400 million debt, borrowings down to $6.4 billion
Vedanta's gross debt as of today stands at USD 6.4 billion, down from USD 6.8 billion at the end of…
PTI
4 mins read
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 …
3 mins read
India's most wanted borrower Vijay Mallya gets sentenced to 4 months in jail
The Supreme Court on Monday awarded four-month sentence to fugitive businessman Vijay Mallya in a c…
PTI
3 mins read
Neck deep in debt? Here’s how some companies are helping habitual borrowers consolidate their loans
There were creditors coming home and harassing him. That’s when he came across the contact of a …
4 mins read
How big is India's debt and should it be a worry?
The COVID-19 pandemic has led to an increase in debt not only for India but for most countries arou…
3 mins read
RBI's moves to boost forex inflows could have an impact on domestic borrowing rates
Reacting to RBI's moves on Wednesday, Emkay Global in a report said: "While these measures to boost…