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Lack of funds stopping you from pursuing higher education? The government can come to rescue
The Indian government launched the PM-Vidyalaxmi scheme to provide financial assistance for higher …
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…
IndusInd Bank and Tata Power Renewable partner to provide collateral-free solar loans to MSEs
Through this collaboration, Tata Power Renewable and IndusInd aim to ease the transition to solar e…
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
Sebi proposes Rs 1 crore minimum investment, mandatory demat form for securitized debt instruments
Sebi has proposed new rules for securitisation activities, including an investment minimum of Rs 1 …
PTI
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…
Your nest egg is private-equity giant Apollo's 'single biggest opportunity' for growth
Apollo CEO Marc Rowan on Tuesday explained how guaranteeing income for life and 401(k)s stand to be…
Alex Nicoll
SBI aims to become first financial firm to cross milestone of Rs 1 lakh crore profit: Chairman
SBI recorded a standalone net profit of Rs 61,077 crore in FY24, registering a growth of 21.59%.
PTI
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…
I'm the Kardashians' private chef of nearly a decade. I like to stay out of the spotlight.
When Khristianne Uy left her job cooking for Ryan Seacrest in New York, he connected her with his f…
Jamie Killin
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
Elizabeth Warren is asking a major student-loan company to cancel debt for borrowers with 'decades-old predatory private' loans. Here's how.
Millions of student-loan borrowers are being transferred from Navient to MOHELA. Elizabeth Warren w…
Ayelet Sheffey
I didn't cosign my kids' student loans because I couldn't take on more debt as a single mom. I supported them in other ways.
I didn't cosign my sons' student loans because I already had a mortgage and a car loan. Instead, I …
Lisa B. Samalonis
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
HDFC bank sees muted quarterly business; share drops 4.15% during trade today
Anticipating that HDFC Bank's foreign inclusion factor to increase from 50% to 100% in the MSCI Ind…
FM announces credit guarantee scheme, other measures for MSMEs
The credit guarantee scheme for MSMEs in manufacturing will operate on the pooling of credit risks …
PTI
Loan limit under MUDRA scheme to be doubled to ₹20 lakh: Sitharaman
Further, the Centre will also promote investment-ready industrial parks in 100 cities, the fina…
PTI
These student-loan borrowers qualify for debt cancellation through the government, but they're struggling to get the same relief on their private balances: 'I feel so defeated. I feel trapped.'
Biden forgave student loans for borrowers who went to schools accused of fraud. Private borrowers a…
Ayelet Sheffey
BJP's narrow majority could shift focus to rural spending, increased private investments: Bernstein report
The recent election results have delivered a surprise verdict, with the ruling Bharatiya Janata Par…
ANI
Student-loan borrowers are getting $100 million in payments after being 'cheated' out of lower bills by a major lender, a federal consumer watchdog says
Student-loan company Navient is barred from servicing federal loans in a settlement it reached with…