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Loan sanctioning has gone digital, but recovery still needs a 'feet on the street' approach, says RBI Deputy Governor
He also highlighted one particularly concerning practice that involves the invasion of customers' p…
ANI
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…
Simply Put: Boom or bust — how RBI’s decision to leave rates unchanged affects homebuyers
The RBI keeps repo rates at 6.5% for the 10th time despite global rate cuts. This decision affects …
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…
Real estate continues to dominate India's investment portfolios, shows FICCI report
Even for millennials, buying a house featured at the top of their priorities. 66% of millennials &…
Boom or bust — how RBI’s decision to leave rates unchanged affects homebuyers
If you're an aspiring homebuyer, now is not the time. And if you're already paying home loan EMIs, …
Gold loan market projected to double in 5 years to Rs 14.19 lakh crore, says PwC India's report
Lenders are also expected to implement cost optimisation initiatives that will help drive up the bo…
PTI
The odds of Russia's economy collapsing are 'extremely small' and the war can go on for the long term, economist says
Russia can fight the war in Ukraine indefinitely as its economy has adapted and is now stable, an e…
Jennifer Sor
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
Hurricane Helene devastates Asheville's small beer breweries: 'It's quite heartbreaking.'
Small breweries damaged by the hurricane are scrambling to help workers and figure out how to rebui…
Allie Kelly,Noah Sheidlower
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
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
Retail credit continues to boom, but delinquencies need better monitoring, says TransUnion CIBIL
India's retail credit market has continued to experience sustained growth in the second quarter o…
Many of the small business owners Harris is targeting say they've never heard of a key economic proposal
Five female entrepreneurs told BI they doubted most people, especially those in rural areas, know a…
Alice Tecotzky
Small business owners could be poised for a 1990s-like boom
One economist warned entrepreneurs against letting fear of the economy guide emotional business dec…
John Towfighi
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
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
Kamala Harris' tax plan for small businesses sounds like it will cost a lot of money — it won't
The proposal may represent an opportunity for bipartisan agreement, as experts told BI that neither…