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A top-up loan can offer quick relief, but understanding the terms and implications is essential before saying yes.
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PSBs like Bank of Baroda, PNB, Bank of India, and UCO Bank have begun cutting lending rates, with private lenders like HDFC Bank and Karur Vysya Bank cautiously following suit
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Bank loans offer lower interest rates and strict approval criteria, while private lenders provide quick processing with flexible terms. Choosing the right option depends on your financial needs and urgency.
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On a normal day, anything around 10 calls land on my phone from various non-bank financiers and loan apps dishing out personal loan offers with lightening-fast sanctioning process
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In Uganda, one of the poorest nations, where nearly half the population eats fewer calories than they need each day, excess fat is often a sign of wealth and can help get a bank loan.
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Estimates by various stakeholders including rating agencies and lenders suggest at least 20-25 percent of MSME loans restructured during the pandemic can potentially turn bad
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Borrowers have the right to be heard before banks classify their accounts as fraud, the Supreme Court ruled on March 27.
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While being loan-free, no doubt is the best thing, people have different requirements and different circumstances. It’s always better to do an objective cost-benefit analysis before you decide which path to take.
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A clutch of lenders, including SBI, BoI, and HDFC, have hiked their lending rates in the wake of the repo rate hike by the RBI on September 30. Home loan borrowers should pre-pay to ensure that the loan is repaid in the anticipated time frame
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The loan amounts have been diverted to other firms and subsequently defaulted on repayment, the official added.
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Garbage was dumped in front of four banks, namely, the State Bank of India, the Corporation Bank, the Andhra Bank, and the Syndicate Bank.
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It is very likely that the fall in credit to large companies is because they were able to access funds from other quarters, such as the debt and equity markets and through foreign direct investment
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Rajkumar, the road-side tea seller from Haryana, who has an entire family depending on him for sustenance, claims he never took the loan
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The anonymous “guardian angel” had gone bankrupt once upon a time and suffered immensely and hence wanted to alleviate the pains of others to the best of his ability
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Moneycontrol’s Shraddha Sharma gets in conversation with Preeti Kulkarni to find out what are the ways by which borrowers can enhance their credit history and get lower interest rates on loans from lenders.
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The relentless rise in the share of infrastructure in bank credit is a risk
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Pandey, 36, recently had to turn away an order that would have created 100 new jobs and helped his firm, Kaarya Facilities, expand its $1.6 million in annual sales, after his credit application to a state-run bank in January went unanswered.
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Officials said fixed deposits in the name of Farouk Irani, former MD of M/s First Leasing Company of India Limited (FICIL), and his family members were seized under the provisions of the Prevention of Money Laundering Act (PMLA).
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The new Bankruptcy Law will fast- track recovery of dues from defaulters and employees will be first in line to get their share from liquidation of assets if a company goes belly-up, says Union Minister Jayant Sinha.
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Reserve Bank of India (RBI) Governor Raghuram Rajan has cut interest rates three times this year to boost growth, but he has since warned he will not cut again if poor rains drive up prices and threaten his inflation target.Bond and stock traders in Mumbai have been left compulsively checking weather forecasts.
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Banks provide only around 80% of the value of the property, the remaining 20% needs to be taken care by the buyer himself. In addition to the price of the house, you have to pay the stamp duty, registration and other miscellaneous expenses associated with the purchase.
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A big theme of the past few days has been the quantum leap in bank loan defaults as revealed in the second quarter numbers of some public sector banks. MV Nair chairman of Union Bank and Diwakar Gupta managing director of the State Bank of India analyse why the situation has gotten worse and will it deteriorate further.
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Ailing Kingfisher airlines on Friday said it has not asked for a bailout from the government but admitted requesting banks to increase the loan limits to enable it meet rising operating costs due to increase in fuel prices and rupee devaluation.
