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2 mins read

35,000 student-loan borrowers in public service are getting $1.2 billion in debt wiped out after fixes to a key relief program

The Education Department approved another batch of student-loan borrowers for debt relief through t…

Ayelet Sheffey   


Ayelet Sheffey   


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1 min read

HDFC Bank records 15.8% loan growth, 20% rise in advances in Q1 FY24

Private sector lender HDFC Bank said loans grew 15.8% to ₹ 16,15,500 crore in the first quarter of …

PTI   


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4 mins read

I spent 8 years trying to earn my degree but dropped out with $25,000 in loans. Now I'm a data analyst and wish I left sooner.

Janika Cook tried college for eight years before she left with $25,000 in loans. After a tech appre…

Jamie Killin   


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4 mins read

I live rent-free in NYC. Moving into a van has allowed me to save, avoid taking out loans, and live a life of adventure.

Gerardo Rios Garcia got accepted into Columbia University, packed up everything, and drove his van …

Gerardo Rios Garcia   


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2 mins read

2024 is already straining the seams of China and Russia's 'no limits' partnership

Russia's finance ministry is in talks with China about yuan loans, but a decision has been long in …

Huileng Tan   


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2 mins read

Vacations, planes, and high-speed trains are off limits if you're in too much debt in China

So-called deadbeat debtors are stigmatized, face travel restrictions and have trouble getting gover…

Camilo Fonseca   


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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   


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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

Measures taken by IIFCL to keep bad loans under check: Parliamentary panel

The company has put in place a Board approved Management Policy which lays out the Directives…

PTI   


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4 mins read

Ayelet Sheffey   


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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…

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4 mins read

Allie Kelly   


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2 mins read

ICICI fraud: Special court rejects Dhoot's plea against arrest, Kochhars' demand for home food, bed

Dhoot had challenged his arrest claiming it was illegal and sought immediate release from the case.…

PTI   


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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…

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6 mins read

Teacher Next Door program and other home loans for teachers

Teachers and other school personnel may be able to use the Teacher Next Door program or other home …

Molly Grace   


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2 mins read

Pennsylvania wants student-loan borrowers in the state to take on less debt. Here's how.

Pennsylvania Gov. Josh Shapiro proposed a plan to cut college tuition to $1,000 per semester for fa…

Ayelet Sheffey   


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2 mins read

We’d like to curtail consumption-led loans with no clear end use: RBI Dy Governor

“The loans in the under ₹50,000 segments is less than half a percent of total outstanding. The…

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2 mins read

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…