Borrowers

Understanding the difference between the two will be able to lead you in making the right decision and avoiding unnecessary financial trouble.

Is it wise to get a second credit card? What borrowers should know

Having a second card makes you more financially free, but watch out for the traps if used foolishly.

Vault Matters | Why lenders need to be blamed for the ‘overleveraging’ mess

The recent issue of a customer complaining about being harassed by banks for repaying multiple loans despite low income, highlights a lack of proper loan assessments, inadequate tracking of borrowers' credit scores, and the dangers of increasing indebtedness due to unchecked lending practices

Consequences of missing your gold loan repayment: A guide for borrowers

Gold loans are popular in India due to their quick approval process and relatively lower interest rates. They allow you to borrow against the value of your gold jewellery, making it a simple and effective way to access funds for emergencies or planned expenses.

Explained: Key Fact Statement of a loan and why it is important

RBI ban on Bajaj Finance: The RBI has asked Bajaj Finance to stop the sanction and disbursal of loans under two of its lending products with immediate effect, for not issuing Key Fact Statements to borrowers.

SBI to send chocolates to borrowers who are likely to default on monthly repayments

The move, aimed at ensuring better collections, comes amidst rising level of retail lending in the system coupled with increasing delinquency levels on the back of the upward movement in the interest rates.

Sustainable Finance: No longer an option but imperative for lenders & borrowers

Sustainable finance is a process of taking due account of ESG considerations when making investment decisions in the financial sector, leading to increased investments into sustainable economic activities and projects

Lack of credit history of borrowers pose challenge to banks: RBI Bulletin

The observation is significant in light of a significant increase in retail unsecured loans by Indian banks in recent months.

Supreme Court says borrowers should be heard before banks classify accounts as fraud

The Supreme Court says principles of natural justice must be followed and read into the Reserve Bank of India's master circular on fraud. The court was hearing a bunch of petitions challenging the orders of several high courts in the matter

A $1 trillion burden looms for world borrowers refinancing debt

While most governments and companies are still able to stomach the higher financing bills, credit markets are starting to buckle as fund outflows and volatility soar

SBI chairman bullish on economic recovery as loan demand rebounds

Companies are steadily drawing down from a $71-billion loan pipeline, Dinesh Kumar Khara, chairman of State Bank of India, says. Loan growth at the 216-year-old lender is expected to be robust, underpinned by demand from businesses after two straight years of credit contraction

Banking | A need for borrower-centric regulations in lending

Flexibility has to be an essential element of any regulatory norm prescribed for small borrowers, or borrowers whose cash inflows happen only once a month or quarter 

HDFC-HDFC Bank merger: What does it mean for depositors and borrowers?

The merger could take up to 18 months to be completed and after that depositors will be offered HDFC Bank’s deposit rates

Two big positives in Repco Home Finance’s earnings

Earnings of Repco Home Finance are set to improve in FY22 with business returning to normalcy and leveraging getting better

Using shame, lending apps in India squeeze billions out of the desperate

A new crop of lenders is flooding borrowers and their social circles with pleas, threats and sometimes fake legal documents. Such loss of honour can be fatal at times

How Jack Ma is changing China’s lending landscape?

The real-time payments data and a risk-management system analyses over 3,000 variables to approve instant disbursement of loan requests

Adequately covered with 40% margin on value of property: Repco

The loan to value ratio for loan against property (LAP) was at 60 percent for Repco, so they were adequately covered with 40 percent margin on value of the property, said V Raghu, ED, Repco Home Finance.

'Demonetisation to have temporary impact on MFIs, borrowers'

The Narendra Modi-led government on November 8 had announced demonetising notes of Rs 500 and Rs 1,000 in a clampdown on black money and counterfeit notes.

57 borrowers owe banks whopping Rs 85,000 cr: SC informed

Only 57 borrowers have defaulted on bank loans worth a whopping Rs 85,000 crore.

SBI says 'consistently' passed on RBI's rate cut to borrowers

State Bank of India (SBI) Chairperson Arundhati Bhattacharya has said that out of the 1.75 percent rate cut by the RBI since January 2015, it has already passed on up to 0.95 percent to the borrowers.

Rajan asks banks to tap CASA deposits for project financing

Stating that there is a large room for them to make enough profits from financing infrastructure, Rajan rued that since the crisis in infra space, banks are shunning project loans and are aggressively targeting retail borrowers.

RBI asks banks to advise argi-borrowers to hedge risks

The advice comes amidst rising threats of an El Nino incident impacting the monsoons for the second successive year this year.

Don't outsource loan processing tasks: RBI to bankers

-As per the data made available by the RBI, the gross NPAs (non-performing assets) of the PSU banks stood at Rs 2,60,531 crore, as on December 2014.

RBI allows banks greater flexibility in fighting NPA menace

The credit policy today announced some revolutionary steps to give bankers power over their defaulting borrowers. Loans given to stressed companies won't be marked as NPLs and they will be allowed two years of delay in the commencement of their projects provided a new management replaces the non performing old one.

Bank stocks in focus as RBI tightens norms for borrowers

RBI Governor Raghuram Rajan has made improving asset quality at lenders one of his priorities, and has publicly admonished "wilful defaulters" for eroding faith in the banking system.