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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
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
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…
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
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
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…
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
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
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
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
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…
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 …
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
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…