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6 mins read

Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans

India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…

Business Insider Latest Story Image
7 mins read

Simply Put: Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans

India's microfinance sector faces increasing challenges due to rising defaults, affecting the stabi…

Business Insider Latest Story Image
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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1 min read

Economic Survey pegs growth at 6.5-7%; solidifying India's strong macroeconomic fundamentals: CBRE

Inflation is anticipated to moderate around 4.5 per cent and it reflects a 'well-balanced' economic…

PTI   


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1 min read

Russia's biggest private lender is expanding to China after being hit by US sanctions

The bank, owned by the Russian oligarch Mikhail Fridman, is looking to build new offices in China B…

Jennifer Sor   


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1 min read

Jamie Dimon says there could be 'hell to pay' if the swelling private-credit market starts showing cracks

The JPMorgan Chase boss likened some private credit deals stamped by the rating agencies to shoddy …

Filip De Mott   


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2 mins read

Some student-loan borrowers with private debt have a chance to get their balances wiped out — but they have to ask for it

Student-loan company Navient has a process for borrowers with private debt to apply for relief if t…

Ayelet Sheffey   


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1 min read

RBI penalties on banks, NBFCs add up to Rs 40.39 crore for 2022-23

The Reserve Bank of India (RBI) has imposed penalties to the tune of Rs 40.39 crore on banks, non-b…

Ayelet Sheffey   


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4 mins read

Demand for private credit booms in 2023 as funding winter deepens

A report by Praxis Global Alliance and IVCA reveals that 2023 is on track to be the most successful…

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3 mins read

Student-loan borrowers are 'paralyzed with uncertainty,' a major private lender said — it's lobbying Congress to resume payments in May anyway

Student-loan refinancing company SoFi said Biden should cancel $10,000 in student debt while puttin…

Ayelet Sheffey   


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2 mins read

Biden's Education Department is cracking down on private student-loan lenders that steer 'vulnerable' borrowers 'deeper in debt'

Biden's Federal Student Aid office reminded colleges they must disclose all private student loan co…

Ayelet Sheffey   


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4 mins read

What we lend in the shadows

The collapse of Silicon Valley Bank has left the startup community in need of new lenders. Private-…

Dan DeFrancesco   


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3 mins read

Deposit rates rise faster than lending rates in March 2023: CareEdge

In March 2023, both lending and deposit rates rose, but the rate of increase was faster for the dep…

Business Insider Latest Story Image
6 mins read

Meet Justin Breen, a top lawyer at the forefront of the private-credit boom

Justin Breen's legal career has traced the shift from banks being the go-to lenders for corporate A…

Rebecca Ungarino   


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4 mins read

Blackstone is betting big on lending out money in the private markets, and the PE giant has $182 billion to do it

Blackstone reported earnings for the third quarter on Thursday and a major theme was the future it …

Dan DeFrancesco   


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4 mins read

Wall Street wants to lend to Hollywood, and that could be bad news for the rest of us

Private credit has set its sights on Tinseltown. But these new lenders might impact the type of pro…

Dan DeFrancesco   


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2 mins read

RBI may hike benchmark lending rates by 25 bps in April: DBS

The Reserve Bank is likely to hike benchmark lending rates by 25 basis points in its bi-monthly pol…

PTI   


Business Insider Latest Story Image
9 mins read

How private lenders have left millions of college students with no hope for the future

How the booming market for private loans saddled millions of students with $136 billion in debt tha…

Ayelet Sheffey   


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3 mins read

Hollywood's love affair with private credit could be a recipe for disaster

Entertainment, media, and sports are key industries private-credit lenders have pushed into in rece…

Dan DeFrancesco