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2 mins read

A major student-loan company is being punished for preventing over 460,000 borrowers from accessing cheaper monthly payments

The Education Department placed a second penalty on student-loan company MOHELA over failure to pro…

Ayelet Sheffey   


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3 mins read

Loan-to-deposit ratio will subside on its own in coming months, notes Motilal Oswal report

As of 9th August, 2024 the Indian banking sector's loan-to-deposit (LD) ratio stood at 77.2 %, whic…

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2 mins read

30 million student-loan borrowers waiting for Biden's broader debt cancellation just got a lifeline in court

A Georgia judge declined to block Biden's broader student-loan forgiveness plan, instead transferri…

Ayelet Sheffey   


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2 mins read

Lower money creation by RBI, substantial rise in banks profits behind decline in loan-to-deposits ratios in banks: Nomura

One of the contributors to the decline in systemic LDR is the lower net money creation by the RBI o…

ANI   


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3 mins read

I got married at 25 and took a personal loan of $15,000 to pay for the wedding. I don't regret it.

The author and her high school sweetheart took out a loan to pay for their wedding. It took them fi…

Jessica Tzikas   


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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   


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2 mins read

60,000 student-loan borrowers in public service are getting $4.5 billion in debt cancellation while Biden's broader relief remains blocked in court

The latest student-loan forgiveness announcement brings the total number of borrowers approved for …

Ayelet Sheffey   


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2 mins read

SBI able to support loan growth, lower deposit growth not a challenge: Khara

Some experts have been opining that this is due to flow of savings into higher yielding capit…

PTI   


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1 min read

SBI raises lending rates by 5 to 10 basis points; New loans to cost more

The State Bank of India (SBI) on Monday announced an increase in its Marginal Cost of Funds Based L…

ANI   


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2 mins read

Millions of student-loan borrowers just lost access to a key debt relief program — and it could have big financial consequences

The on-ramp period for millions of student-loan borrowers is over. This means those who miss paymen…

Ayelet Sheffey   


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2 mins read

Telangana govt to launch farm loan waiver scheme

The loan waiver funds up to Rs one lakh will be deposited in the farmers' accounts at 4 pm on Th…

PTI   


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1 min read

Apollo just set a goal to manage $1.2 trillion in private loans by 2029. These 7 slides show how it will get there.

Indeed, private lenders like Apollo are increasingly providing investment-grade lending to large co…

Alex Nicoll   


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1 min read

Why 1 in 2 Indians reject bank applications: FICO survey insights

Why 1 in 2 Indians reject bank applications: FICO survey insights

Business Insider Latest Story Image
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   


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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…

Business Insider Latest Story Image
3 mins read

Banks write off loans worth ₹9.90 lakh crore in last 5 financial years

"Banks evaluate/consider the impact of write-offs as part of their regular exercise to clea…

PTI   


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2 mins read

Digital initiatives to triple Indian retail borrowing to USD 2.5 trillion by 2030: S&P Global

Recognising the impact of digitisation in the country, S&P Global Ratings said that the state-backe…

ANI   


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2 mins read

Millions of student-loan borrowers are losing a key debt relief program in 30 days

The on-ramp period for student-loan borrowers ensured any missed payments weren't reported to credi…

Ayelet Sheffey   


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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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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…