Farm Uneasy: Despite push towards access to formal credit, most farmers continue to rely on middlemen for loans
To meet their growing expenditure, from daily needs and health emergencies to weddings and sending their children abroad for studies, farmers rely on Arhtiyas despite the heavy interest they pay. Arhtiyas remain crucial for the farm economy of Punjab and Haryana
Gold loans: Banks and NBFCs that offer the lowest interest rates
Central Bank of India, Union Bank of India offer the cheapest gold loans at interest rates of 8.45-8.65 percent per annum
RBI drafts rules on loan penal charges. How will they benefit loan borrowers?
The RBI’s draft guidelines discuss details of the penal charges levied by financial institutions, interest rates on late repayment, terms and conditions of the penal charges, and modification of interest rates in line with regulatory orders, and more
Baby steps: The bulk of Mudra loans fall under the Shishu category of up to Rs 50,000
According to microloan lenders, customers typically use such loans to buy cattle, set up vegetable shops, etc.
RBI releases draft rules on penal charges related to loans
Issuing the rules the RBI said that the quantum of penal charges shall be proportional to the defaults/ non-compliance of material terms and conditions of loan contract beyond a threshold.
Banks sanction Rs 23.2 lakh crore to about 41 crore beneficiaries under Mudra Yojana
Pradhan Mantri MUDRA Yojana (PMMY) was launched on April 8, 2015, by Prime Minister Narendra Modi to facilitate easy collateral-free micro-credit of up to Rs 10 lakh to non-corporate, non-farm small and micro-entrepreneurs for income-generating activities.
Bajaj Finance spurts 4% on strong Q4 business update
The non-banking finance company said its customer franchises increased by 3.1 Mn to stand at 69.1 Mn as of 31 March 2023.
LIC Housing Finance MD & CEO on rising interest rates, competition in housing finance industry | LIVE
Moneycontrol’s Correspondent Harsh Kumar in an exclusive conversation with LIC Housing Finance Limited MD & CEO. Y. Viswanatha Gowd. During the conversation, Gowd talks about the challenges in the housing finance industry. He also said that 30 percent of the borrowers are from this age group 25 to 35.
With rates rising, should you prepay your home loan now?
If you have taken a home loan in the last year or two, the rate hikes would have hit you. Consider making part prepayments to better manage your home loan if your finances allow for it. Floating-rate loans work both ways — if you took advantage of a low rate when starting your loan, you should be prepared to pay a higher rate when rates start rising.
Higher spending, missed payments? Your credit card may be cancelled
From a high credit card utilisation ratio to violating terms and conditions, like reward policies, there are several reasons credit card companies can cancel your credit card.
What are conversion charges in home loans?
What is risk-based pricing of a home loan?
Bank of Maharashtra cuts home loan rate to 8.4%
BoM has already waived processing fees for its gold, home and car loans under the festive offer, the lender said.
MC Exclusive | Interest rates on consumer loans unlikely to come down soon: HDFC’s Keki Mistry
In a floating loan, it doesn't make any difference if you take a loan when rates are high or low, said Mistry.
MC Exclusive| HDFC’s Keki Mistry: Cross selling housing loans growth stronger in the bank
The penetration of the housing finance market is just 11 percent in India and there is potential to grow to 20 percent, Mistry said.
Loans worth Rs 7.81 crore disbursed to women SHGs in Latur under Maha govt programme
Loan disbursal to the SHGs is aimed at increasing the income of women and their families by empowering them financially.
Why are home buyers choosing banks over NBFCs?
Most EMIs are being paid on time, but foreclosures have risen slightly: Ambuj Chandna, Kotak Mahindra Bank
Despite the pressure from rising interest rates, Kotak Mahindra Bank’s President – Consumer Assets, says the lender hasn’t seen many loan restructuring requests.
Moody's says Indian banks likely to see improvement in bad loan situation
In recent years, banks have significantly reduced NPA levels aided by an aggressive clean-up exercise initiated by the RBI
Adani plans to repay up to $790 million share-backed loans by March: Report
Adani Green Energy also plans to refinance its 2024 bonds via a $800 million, three-year credit line, said the sources, who declined to be named as they were not authorised to speak to the media.
What are penal charges on loans?
These banks offer the lowest interest rates on home loans
Housing finance companies steal a march over banks bound by home loans linked to repo rate, offer cheaper home loans
What are stage 3 assets in NBFC?
Despite rate hikes, home loan demand up in Rs 30-50-lakh, Rs 50-75-lakh segments
Repo rate hikes have been passed on to home loan borrowers, which have led to a significant increase in EMIs ranging from 10-25 percent, says Amit Diwan, Chief Distribution Officer, IMGC
