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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
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
4 mins read

Inside the 24-hour legal whiplash that sent 30 million student-loan borrowers into limbo

In the morning, a court handed millions of student-loan borrowers a lifeline. By the evening, a dif…

Ayelet Sheffey   


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   


Business Insider Latest Story Image
1 min read

India actively taking steps to become global manufacturing centre: Lazard report

It further noted that in his two terms in power, Prime Minister Narendra Modi has stabilised the ec…

ANI   


Business Insider Latest Story Image
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   


Business Insider Latest Story Image
2 mins read

Budget 2024-25: Govt announces loans up to ₹10 lakh for higher education in domestic institutions

Upgrading 1,000 Industrial Training Institutes (ITIs) in hub and spoke model, aligning course c…

PTI   


Ayelet Sheffey   


Business Insider Latest Story Image
4 mins read

A major student-loan company is once again at the center of a lawsuit blocking debt cancellation for millions of borrowers

The latest lawsuit that temporarily blocked broader debt cancellation argues the relief would harm …

Ayelet Sheffey   


Business Insider Latest Story Image
3 mins read

Student-loan companies that don't do their jobs should be fired, Elizabeth Warren says. Her next target is one that manages 8 million borrowers.

After Navient was banned from federal student-loan servicing, Elizabeth Warren told BI it's a warni…

Ayelet Sheffey   


Business Insider Latest Story Image
3 mins read

A second Trump term would be 'chaos' for student loan borrowers

Trump has intensified his verbal attacks on student loan forgiveness and a recent Supreme Court rul…

Katherine Tangalakis-Lippert   


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2 mins read

Biden's second attempt at broader student-loan forgiveness could now happen in October

The Education Department plans to finalize its next student-loan forgiveness plan in October. Borro…

Ayelet Sheffey   


Ayelet Sheffey   


Business Insider Latest Story Image
4 mins read

A millennial who made $170,000 secretly working two remote jobs says it helped him pay off about $50,000 in student loans

An Arizona-based millennial said secretly working a second remote job doubled his income and helped…

Jacob Zinkula   


Business Insider Latest Story Image
2 mins read

Ayelet Sheffey   


Business Insider Latest Story Image
1 min read

Ashneer Grover set to launch app for medical loans 'ZeroPe'

BharatPe co-founder and former MD Ashneer Grover is set to launch a new app called 'ZeroPe' that wi…

Jennifer Sor   


Business Insider Latest Story Image
2 mins read

160,500 more student-loan borrowers are getting $7.7 billion in 'much needed' debt cancellation

The latest student-loan forgiveness announcement means that more than one out of every 10 federal b…

Ayelet Sheffey   


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2 mins read

Some student-loan borrowers 'will see their loans wiped out' under Biden's repayment reforms, AOC says — and more Democrats should be talking about it

Rep. Alexandria Ocasio-Cortez told NBC that Democrats need to "do more" to promote Biden's accompli…

Ayelet Sheffey   


Business Insider Latest Story Image
4 mins read

A key phase in Biden's new student-loan forgiveness plan has wrapped up, bringing borrowers one step closer to relief. But pushback is brewing.

The public comment period for Biden's new student-loan forgiveness plan is over, meaning implementa…

Ayelet Sheffey