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Business Insider Latest Story Image
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 …

Business Insider Latest Story Image
1 min read

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   


Business Insider Latest Story Image
3 mins read

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 …

Business Insider Latest Story Image
4 mins read

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…

Business Insider Latest Story Image
2 mins read

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   


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3 mins read

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…

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3 mins read

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…

Business Insider Latest Story Image
1 min read

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   


Business Insider Latest Story Image
3 mins read

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…

Ayelet Sheffey   


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2 mins read

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…

Business Insider Latest Story Image
2 mins read

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   


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3 mins read

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   


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7 mins read

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…

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3 mins read

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…

Business Insider Latest Story Image
1 min read

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   


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3 mins read

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…

Business Insider Latest Story Image
2 mins read

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…

Business Insider Latest Story Image
1 min read

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   


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2 mins read

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…

PTI