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Even as lending apps provide money instantly, borrowers must weigh convenience against safety and regulation check.
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Early onset of monsoon led to delay in construction activities to August and September, which had resulted in fall in AUM on construction equipment in Q1FY26, Revankar said.
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Knowing the difference can help you build wealth instead of falling into a financial hole.
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The “buy now, pay later” loan market is thriving with an estimated market size of around $18 billion and estimated five-year growth rate between 10-12 percent a year
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The government plans to use funds raised from its usual borrowing programme to fund green projects
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These efforts come amid plans to bring down the overall debt-to-GDP ratio of the Centre and states by improving the quality of expenditure and by tempering Centre’s borrowings from the market. Meanwhile, several Indian states are increasing their expenditure on subsidies and welfare schemes, potentially at the expense of capital expenditure.
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In the first half of current financial year, the Centre has borrowed nearly Rs 7 lakh crore and plans to borrow Rs 6.61 lakh crore in the second half.
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Out of the gross market borrowing of Rs 14.01 lakh crore budgeted for 2024-25, Rs 6.61 lakh crore (47.2 percent) is planned to be borrowed in the second-half of the current fiscal through issuance of dated securities, including Rs 20,000 crore of Sovereign Green Bonds.
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The government had budgeted Rs 14.01 lakh crore of gross borrowing for FY25 in the Budget presented on July 23
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The sharply lower gross borrowing figure for FY25 is a result of the central government's focus on aggressive consolidation as it looks to meet a sharply lower fiscal deficit target.
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According to a finance ministry official, whether inflows through the bond market can even be considered "hot money" is questionable given that FPIs in FAR securities are nowhere near a level that is worrying.
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Sovereign borrowing is increasing at the same time as corporates need to refinance maturing debt
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The finance ministry is not impressed by the 'greenium', or green premium, on its green bond issuances, which was just 2 basis points on average across all issuances in the current fiscal. Higher demand for this instrument could provide a fillip to India’s push for a sustainable economy.
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In FY24, the Centre declared gross market borrowing at Rs 15.43 lakh crore, marking an 8.6 percent increase from the borrowing in 2022-23.
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Recent spurt in personal loans certainly bears close watching, but trends in industry too are sending confusing, if not worrying, signals
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Another government source said that the centre is committed to meet the fiscal deficit target of 5.9% of GDP in the current financial year. The source further said that volatile global oil prices remains a key challenge for the economy
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Selvan said the company’s net income margins can expand by 10-20 basis points.
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The MPC minutes imply that while lenders should be cautious, an increase in household borrowing is not a sign of distress, but instead a signal of increasing confidence that will support consumption and also increase capex, which in turn could power the economy
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GVK group's GVK Coal Developers had borrowed $1 billion and $159,973,008 from six Indian banks, in 2011 and 2014, to fund its interests in Australian coal and infrastructure projects. While the loans remain unpaid, GVK tried to sell Bengaluru and Mumbai airports without the banks' knowledge.
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Andhra Pradesh, Telangana, Kerala, and Punjab are likely to lead the ranks in borrowing heavily from state development loans, in a bid to fund fiscally profligate schemes announced by them, a senior finance ministry official said.
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Net collections under the small savings fund has seen a growth of around 48% on-year for the current financial year and has reached 34 percent of the Budget target for 2023-24 as of now.
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With headline retail inflation rising in June and expected to increase further to above 5 percent in the coming months, the chance of a repo rate cut this year is low.
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The Karvy demat scam, which first came to light in the second half of 2019, was orchestrated by the brokerage house by pledging securities lying in the demat account of unsuspecting customers.
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Central Bank of India, Union Bank of India offer the cheapest gold loans at interest rates of 8.45-8.65 percent per annum
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India aims to raise 15.43 trillion rupees ($187.18 billion) from the market in the financial year starting April 1, higher than the 14.21 trillion rupees it raised this year.
