Credit growth to industry accelerated to 6.5 percent in February 2022 from one percent in February 2021, the central bank data revealed.
The National Credit Guarantee Trustee Co has also increased the limit for borrowing under the third iteration of the ECLGS.
Not making financial mistakes is as important as doing the right thing. And paying home loan EMIs at a time when your salary has not yet grown sizeably is one such costly mistake.
M&M Finance is keen to look at gold loans as a key business vertical.
Students are struggling to get jobs after completing their courses on account of factors such as the impact of the pandemic and the ongoing Russia-Ukraine war and this is affecting their ability to repay loans.
Banks may be willing to restructure loans taken by students who returned to India from Ukraine on a case-by-case basis. Those planning to change colleges should do the math to see how much more they need to borrow and how much the equated monthly instalments would add up to.
Paying off extra EMIs when you get a bonus to talking to your bank to reduce your home loan burden during festive occasion offers can work in your favour
Gross merchandise value rose 105% on year during January-February to Rs 1.65 lakh crore
Some people flagged that they received multiple messages from State Bank of India Yono Lite app, all addressing them differently.
Increased participation in the labour force, higher financial independence, better credit awareness and improved access to economic opportunities have driven the growth of women borrowers in India, says Harshala Chandorkar, chief operating officer of TransUnion CIBIL.
Opting for a joint home loan with your spouse or your working children can help increase your loan eligibility
Only high-cost debts such as credit card balances and personal loans must be paid off immediately. Low-interest loans can be repaid gradually.
Armed with a decent deposit book, competitive cost of funds and adequate capital, IndusInd Bank should see strong earnings traction in FY23 and beyond. The undemanding valuation provides headroom for rerating, here’s why
Customers would benefit from buying a house in the current financial year, given the soft property prices, low rates and additional benefits on offer
Avanse offers loans to students for pursuing education in India and abroad, for e-learning, and lends working and growth capital to education institutions in India.
Phase I of the digital transformation journey has gone live and in Phase II Bajaj Finance's app will offer 72 features as compared to 52 currently.
Officials say expanding the credit guarantee amount for each MSME, currently Rs 2 crore, has been a long-term suggestion.
Google Pay has 10 million merchants, who will be given the option of availing a pre-approved loan from Indifi in the app itself, based largely on their payment receipts data, Aditya Harkauli, chief business officer at Indifi, said.
The entire home loan application process is digital and the company claims quicker processing than banks
The company is engaged in residential, commercial, retail and other projects, such as mass housing and cluster redevelopment.
Higher down-payments have better chances of home loan approval, usually at lower interest rates
Spotlight again on the safety of personal data. Experts say people should avoid giving consent to third-party websites and mobile applications to use their personal information.
Factors such as differences in currency rates, repayment of loans and daily expenses often tend eat into your already tight budget
