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2 mins read
Loan sanctioning has gone digital, but recovery still needs a 'feet on the street' approach, says RBI Deputy Governor
He also highlighted one particularly concerning practice that involves the invasion of customers' p…
ANI
5 mins read
One chip company's newest tactic to attract workers: Help pay off their student loans
GlobalFoundries, a New York-based chipmaker, is offering employees up to $28,500 in student debt re…
Jacob Zinkula
2 mins read
Three out of 5 consumers think it's normal to exaggerate income on loan applications: Survey
"Three in five consumers (63 per cent) think it is OK or normal for people to exaggerate their …
PTI
3 mins read
Gold loan market projected to double in 5 years to Rs 14.19 lakh crore, says PwC India's report
Lenders are also expected to implement cost optimisation initiatives that will help drive up the bo…
PTI
3 mins read
India's gold loan market set for rapid growth amid rising prices; unorganized sector holds 63% share, notes recent PwC report
Indian households are estimated to possess approximately 25,000 tonnes of gold, valued at around Rs…
ANI
1 min read
Surge in top-up housing loans not system-wide issue, says RBI Governor
Such cases are being dealt at the supervisory level bilaterally, he said. "Such practice…
PTI
5 mins read
The race in Big Tech to sell customers on AI products is heating up
AWS is stepping up its AI sales strategy as the industry looks to get a return on the big bets they…
Dan DeFrancesco
2 mins read
Thinking of getting a personal loan? Adani group might have something for you
The Adani One app, developed by Adani Digital Labs Ltd, debuted in December 2022 focusing on airpor…
1 min read
India actively taking steps to become global manufacturing centre: Lazard report
It further noted that in his two terms in power, Prime Minister Narendra Modi has stabilised the ec…
ANI
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
2 mins read
FM announces credit guarantee scheme, other measures for MSMEs
The credit guarantee scheme for MSMEs in manufacturing will operate on the pooling of credit risks …
PTI
5 mins read
I moved to the US from India and took out a $59K loan to follow my dream of landing a job in Big Tech. My risk paid off.
A millennial software engineer in India took out a $59,000 loan to study in the US, and landed a jo…
Ella Hopkins
5 mins read
I'm a boomer who learned to use AI for work. It's made me more productive, but I worry about younger generations misusing it.
A freelance translator says AI makes him more efficient at his job and it won't replace him.
Ella Hopkins
4 mins read
Fintech repository to be set up by April 2024, says Shaktikanta Das
The Reserve Bank of India (RBI) has proposed the establishment of a fintech repository. “This will …
4 mins read
A millennial who made $170,000 secretly working two remote jobs says it helped him pay off about $50,000 in student loans
An Arizona-based millennial said secretly working a second remote job doubled his income and helped…
Jacob Zinkula
1 min read
Paytm to focus on big ticket loans to low-risk credit-worthy customers
India's leading payments and financial services distribution company Paytm has announced its expans…
ANI
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 …
1 min read
RBI bars JM Financial Products from financing against shares, debentures
The Reserve Bank on Tuesday barred JM Financial Products Ltd from providing any form of financing a…
PTI
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…
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 …