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2 mins read
Reserve Bank may act against more NBFCs to keep obscure lending practices in check, says Morgan Stanley
Earlier this month, the apex bank had already issued a stern warning to the NBFC sector, discouragi…
6 mins read
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…
7 mins read
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…
2 mins read
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
2 mins read
In the long run, rate cut by Fed will be favourable for most US banks: Moody's
"Initially, the rate cuts will be credit negative for most US banks. We expect their deposit costs …
ANI
3 mins read
Deloitte projects India's FY25 GDP growth at 6.6%
Deloitte India on Friday said it estimates India's GDP growth at 6.6 per cent in the current fiscal…
PTI
2 mins read
Truecaller and Microsoft collaborate to allow users to ‘clone’ their voice, create AI responses to incoming phone calls
The Western trend of leaving pre-recorded messages on answering machines never really took off in I…
2 mins read
RBI expected to hold rates for the 5th time in a row, no cuts likely before Q2FY25
The Reserve Bank of India’s Monetary Policy Committee paused its rate hike cycle from February this…
2 mins read
The Indian e-commerce market is growing at the rate of knots courtesy rapid digital transformation
India has cemented its position as a pioneer in developing and integrating digital infrastructure. …
2 mins read
US banks weathered a record plunge in lending income as COVID-19 hit profits
Profit margins from banks' lending arms fell 0.68 points year-over-year to a record-low 2.68% in th…
Ben Winck
4 mins read
RBI tightens norms for Chinese lending apps
Chinese digital loan apps were utilising the loophole in the regulatory guidelines to dupe Indian c…
1 min read
Another crypto lending platform is freezing withdrawals as the industry's downward spiral continues
Babel Finance will temporarily stop allowing users to take out their crypto holdings, the second le…
Katie Canales
3 mins read
Financial Institutions Turning Towards MSME Lending
Almost every type and size of industry took a hit during the pandemic; MSMEs, however, were affe…
2 mins read
Anxious Celsius customers say they have no idea what will happen to their money after the crypto platform halted withdrawals
Customers told Insider they have $2,300 to $105,000 in crypto trapped on Celsius, which froze withd…
Katie Canales
6 mins read
I'm a real estate investor who makes over $20,000 a month in passive income. Here's how I got started with a FHA loan — and the caveats to be aware of.
Real estate investments can be a lucrative source of passive income. An investor who earns six figu…
Robin Madell
3 mins read
Student-loan borrowers are 'paralyzed with uncertainty,' a major private lender said — it's lobbying Congress to resume payments in May anyway
Student-loan refinancing company SoFi said Biden should cancel $10,000 in student debt while puttin…
Ayelet Sheffey
3 mins read
Indian banks’ dream run could soon be over as deposit rates start catching up to lending rates
The dream run of Indian banks could soon be over as rates on fresh deposits are starting to catch u…
2 mins read
Biden's Education Department is cracking down on private student-loan lenders that steer 'vulnerable' borrowers 'deeper in debt'
Biden's Federal Student Aid office reminded colleges they must disclose all private student loan co…
Ayelet Sheffey
3 mins read
This startup which lends to the rural middle class raises $35 million in a Series C round
Digital lending platform SarvaGram Solutions, which focuses on lending to rural households rais…
2 mins read
Just a third of the money from the government's massive Payroll Protection Program actually helped keep workers employed, study says
The program was "highly regressive," researchers said. Of the $510 billion in initial PPP loans, $3…