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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
2 mins read
Centre has sanctioned Rs 21,253 crore to tackle Kerala's economic crisis, MoS for Electronics and IT reveals
Prime Minister Narendra Modi has come forward to assist Kerala in a bid to alleviate the state from…
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
Fintech personal loans log 62% of sanction volumes in FY24 first half in India: FACE report
Fintech personal loans have grown steadily in the country and contributed to a third of overall act…
2 mins read
IIFCL profit rises 44% to highest-ever of ₹1,552 crore in FY24
He said, for the first time, the profit before tax has crossed Rs 2,000 crore. During the yea…
PTI
2 mins read
Google has removed 2,500 fraudulent loan apps from its Play Store, says FM
The matter is also regularly discussed and monitored in the meetings of the Financial Stability…
PTI
2 mins read
Russia's wartime economy is flush with resources and is weathering Western sanctions, European economist says
Russia's severe worker shortage is the only real problem plaguing the country's economy, Michel San…
Jennifer Sor
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…
2 mins read
Bajaj Finance stock regains speed after fall in the morning
The stock of Bajaj Finance fell by over a percent in early morning trade on Thursday. On Wednesday …
3 mins read
Chanda Kochhar, her husband's arrest in loan fraud case amounts to abuse of power by CBI: HC
The arrest of ICICI Bank's former Managing Director and Chief Executive Officer (CEO) Chanda Kochha…
PTI
2 mins read
RBI curbs on Bajaj Finance not a structural issue, multiples derating likely if issue persists
The Reserve Bank of India earlier this month has directed Bajaj Finance “to stop sanction and disbu…
3 mins read
Banks write off Rs 14.56 lakh crore NPAs in last nine financial years
Scheduled Commercial Banks (SCBs) have recovered an aggregate amount of Rs 2,04,668 crore in wr…
PTI
1 min read
Russia's largest shipping group forced to sell up to one-third of its ships to repay loans ahead of a Western sanctions deadline, report says
Sovcomflot is in talks to sell at least 40 of its 121 vessels to buyers in Dubai and China, an indu…
Kate Duffy
1 min read
RBI directs Bajaj Finance to stop giving loans under eCOM, Insta EMI Card
Indian banking regulator on Wednesday directed Bajaj Finance to stop sanction and disbursal of loan…
2 mins read
Banks must allow retail borrowers to switch between fixed and floating rates: RBI
Reserve Bank of India on Friday said regulated entities (REs) have the freedom and they must offer …
ANI
3 mins read
Home loans growing at a faster rate in Tier 3 and 4 districts, thanks to WFH: SBI report
A new report by SBI has revealed that thanks to WFH’s popularity, Indians are increasingly obtainin…
2 mins read
Digital lending platforms see 3x year-on-year rise in disbursals to ₹14,016 crore in Q2 FY23
Fintechs issuing digital loans witnessed an over three-fold disbursal growth in Q2. The number and …
1 min read
Bangladesh to pay Russia $300 million in Chinese yuan for a nuclear plant loan
Russia had initially insisted on payment in rubles and refused yuan due to concern over potential c…
Filip De Mott
3 mins read
A steel company says it has lost a third of its sales after its Russian oligarch owner was sanctioned
Alexei Mordashov, Russia's third-richest person, controls steel giant Severstal. The company said i…
Grace Dean
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.…