The bank which formally began operations in July last year has set a target of generating total loan portfolio of Rs 10,000 crore and total deposits of Rs 8,600 crore in three years.
Gone are those days when borrowers used to find out the 'cheapest' rate of interest and there was another handful smart borrowers who negotiated a processing-fee waiver in addition to that.
The MCLR regime was introduced by the RBI in April 2016 for better transmission of policy rate reductions to bank customers.
The MCLR for 1-year tenure loan for SBI is at 7.95 percent in January 2018 while its base rate still stands at 8.65 percent.
The needs and desires of the new age consumer are only growing, and rightfully so, the credit industry is always
On the online lending to MSMEs, the minister said a trial run conducted for Prime Minister's Employment Guarantee Programme was successful and transparent and the model may be taken forward.
The government is also committed to taking special policy measures to enable startups to attract foreign capital through hybrid instruments
Jaitley proposed lowering corporate tax to 25% for businesses with turnover of up to Rs 250 crore, and a target to lend Rs 3 lakh crore by next year under MUDRA.
Mistry said his company will continue to grow in all businesses including affordable housing, which is being pushed through the government’s Pradhan Mantri Awas Yojana.
At present, Yes Bank’s PCR stands at 46.3 percent, as against 66.0 percent a year ago. The number was slightly higher than the 43.3 percent recorded in the September quarter.
In case you sign the dotted line to become a guarantor, not only will you be liable to pay off the loan in case of a default, but your own borrowing capacity would reduce and your credit too will come down if the primary borrower defaults.
Personal loans are generally taken to restructure one’s unexpected debt while meeting emergency needs, but one has to be careful while opting such loans.
Several cities under the Smart Cities initiative hold a distinct advantage and can be safe bets for ‘smart’ real estate investments, say Mehta.
Low buyer's sentiments in the real estate sector despite a dip in the home loan interest rates has led a sharp decline in home loan growth.
Though there is some breathing space in the hands of the investors here in India, it is time to carefully study the broad picture.
Easy availability of loans and a little push from the lenders make many of us reckless in borrowing without much thought on the repayment ability.
Be firm to your banker and convey your incapacity to visit the branch for closure and agree to all authorisation they may need.
Targeting one’s high cost loans reduces the impact of interest payment. Large but low cost loans can be dealt later.
The country's auto asset- backed securities (ABS) backed by commercial vehicle loans issued in 2018 will have positive credit characteristics that, along with healthy economic growth, will support the performance of these deals," Moody's said in a report today.
Flexible repayment option of flexible personal loans enables customers to focus on other vital issues of life as the requirements for finances can be met without needing to worry about the repayment date and instalment amount.
Education loan offers tax benefits under section 80E from the day the student starts repaying for a maximum period of eight years.
There are multiple ways to raise money for funding your wedding.
Rising medical treatment costs can shatter finances of families.
While the benefits of this scheme are many, the decision to opt for it is a big one. One must acquire proper knowledge about various aspects of a loan and then make an informed decision.
The paperless process, based on customer's consent, involves a simple two-step biometric authentication using UIDAI's Aadhaar database, Tata Capital said in a statement.