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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 …
Peloton owners in Australia will have loans forgiven from Affirm as the lender exits the country
Affirm announced it is shutting down operations in Australia, meaning Peloton owners in the country…
Samantha Delouya
Retail trumps corporate lending as small-ticket loans see fourfold jump in past two years
Personal loans are on the rise. The month of December has seen the category in lending-verse amass …
Tempted by a top up loan offer? Here’s why it may not be a bright idea
Several financial institutions offer a top-up on personal loans to existing borrowers who have a go…
Bank of Maharashtra tops list of public sector lenders in loan growth, asset quality
The Bank of Maharashtra (BoM) has emerged as the top performer among state-owned lenders in terms o…
PTI
RBI bats for borrowers, releases guidelines to prevent lenders from levying penal interest on loan defaults
The Reserve Bank of India (RBI) has released guidelines instructing lending institutions to clearly…
RBI tightens norms on personal loans for banks and NBFCs; stocks to be under pressure
Shares of SBI Cards, RBL Bank, HDFC Bank and ICICI Bank are expected to come under pressure after…
China officials are reportedly pushing banks to rush loans to cash-strapped real estate developers
Cash-strapped property developers may be getting a lifeline from banks as they approve loans faster…
Phil Rosen
Chinese syndicates to keep hurting India via loan app scams: Cyber expert
Chinese criminal syndicates and gangs operating digital loan shark scams are expected to further de…
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…
Ayelet Sheffey
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…
Higher risk weight on unsecured bank loans credit positive: Moody's
Higher risk weight on unsecured bank loans credit positive: Moody's. The RBI's decision to tighten …
PTI
RBI curbs: JM Financial says 'no material deficiencies in loan sanctioning process'
JM Financial on Wednesday said it had a "careful and detailed review" of the Reserve Bank's order i…
PTI
The dark truth behind RBI’s crackdown on easy personal loans
The Reserve Bank of India tightened capital norms for lenders disbursing unsecured loans to unsuspe…
RBI crackdown on personal loans – Bajaj Finance, IIFL, Aditya Birla and SBI Cards to take a bigger hit, say analysts
Reserve Bank of India’s crackdown on personal loan disbursals by banks and non-banking finance comp…
US banks have loaned $1 trillion to less regulated 'shadow banks'
Debt flowing to non-depository financial entities reached $1.0024 trillion last month, representing…
Yuheng Zhan
Four ways to reduce interest rate on your home loan
Buying a home is one of the biggest financial goals one has and since a home loan is a commitment f…
Retail credit continues to boom, but delinquencies need better monitoring, says TransUnion CIBIL
India's retail credit market has continued to experience sustained growth in the second quarter o…
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
Adani Cement refinances $3.5 billion loan taken for ACC and Ambuja Cement acquisition
Adani Cement on Friday said it has refinanced USD 3.5 billion loan it had taken for the acquisition…