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2 mins read

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 …

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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…

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1 min read

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…

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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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2 mins read

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   


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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
2 mins read

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   


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2 mins read

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   


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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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5 mins read

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   


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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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2 mins read

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   


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3 mins read

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   


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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

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…

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2 mins read

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   


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1 min read

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   


Ayelet Sheffey   


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3 mins read

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   


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2 mins read

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…

Ayelet Sheffey