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Smart credit card use can boost your loan eligibility, while poor habits can quietly damage your chances.
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Between February and June 2025, the weighted average lending rate of scheduled commercial banks fell by 71 basis points for fresh rupee loans, of which 55 bps was directly due to the repo rate cut
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On a consolidated basis, SarvaGram Solutions posted a net loss of Rs 61 crore in FY25, widening from Rs 20 crore in FY24
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India’s financial landscape has transformed through digital innovation, enabling faster, inclusive credit access. New data-driven models are reshaping lending for underserved segments, especially in rural and semi-urban regions
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Finance and textiles secretaries to chair meeting with managing directors of SBI, PNB, BoB and others to focus on green financing, MSME credit ratings and subsidy bottlenecks
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While credit growth continued to remain in double-digit in FY25, public sector banks outpaced their private counterparts in expanding credit
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Peer-to-peer lending (P2PL) offers a promising solution to India’s gendered credit gap. By bypassing traditional banking barriers, P2PL provides flexible, accessible loans tailored to rural women entrepreneurs, fostering financial inclusion and supporting their business growth and resilience
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The average value of a loan disbursed by fintechs was around Rs 9,200, indicating the predominant share of small-ticket loans
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Any financial support from the budget is likely to provide crucial to fintech businesses struggling to secure commercial finance in their early stages, say industry insiders
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US Ambassador Eric Garcetti confirms consulate may open in Bengaluru by January 2025
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Asset quality pressures are expected to stay elevated in credit cards for FY25.
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The company has also partnered with Aditya Birla Finance Limited, as it plans to double down on credit in India
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This indicates significant scope for lenders to drive access to credit opportunities to NTC consumers, TransUnion CIBIL has said in a report
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In FY24, the Jaipur-based NBFC , which focuses on MSMEs, recorded a 60 percent jump in revenue at Rs 530 crore and 71 percent rise in profit after tax at Rs 151.5 crore
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Talks are on to also conceptualise a PM-SVANidhi kind of scheme for tenant farmers
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Banks are working on a new credit model for MSMEs and home loans which is based on parameters like payment of salaries, bill payments, PF contribution, etc. This is likely to come into effect in October 2024.
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The Indian government plans a five-year extension for the export credit scheme, aiming to enhance competitiveness amidst global economic challenges, particularly in developed markets.
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The proposed investment by MUFG is likely to value the non-bank lender at close to $10 billion, sources said.
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Funds raised through the ECB route surged 82% in FY24 (till February) to $41.5 billion, RBI data shows.
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The shift will be driven by factors such as post-election confidence, 'China plus one' strategy, and ongoing investment in energy transition, he says.
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The aggressive loan canvassing by NBFCs and loan app companies are a lure to the young to take the plunge. Often, they don’t understand the risks
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The company’s losses ballooned by 37 percent to Rs 405 crore in FY23, from Rs 253.67 crore in FY22.
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With asset quality holding up, the key determinant of banks’ profit will be margins and operating efficiency in H2 FY24. In this context, deposit growth trend is very crucial
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The value of transactions stood at around Rs 182 lakh crore in 2023, a growth of 44% as compared to the preceding year.
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As the merged entity looks towards becoming a fintech major with credit ambitions, Satish Kumar Kalra's expertise will help it to be successful in credit distribution to first time borrowers as well as digital first customers, the company stated.
