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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   


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1 min read

Russia's frozen assets are being used by the UK for a $3 billion loan to Ukraine

The loan to Ukraine is part of a larger $50 billion package that G7 nations have already pledged to…

R   


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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…

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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   


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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   


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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…

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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   


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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   


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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   


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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   


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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…

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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 …

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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   


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3 mins read

Russia's economy could suffer a 'deep' recession that cuts GDP by 11% as sanctions sharpen, JPMorgan says

Putin has taken steps to insulate Russia from a recession due to Western sanctions, but JP Morgan r…

Jason Lalljee