Sep 04, 2020 02:05 PM IST
It is hard to monetise a business that caters to everyone, Kunal Shah says, adding Chinese are leagues ahead of Indians—per capita income of urban China is far higher. While 90% of the urban Chinese women work, in India, the number is just 10%.
- Jul 01, 2020 12:56 PM IST
Data seem to indicate that firms, especially large companies, seem to be drawing up to their limits and not repaying, thanks to the moratorium
- May 27, 2020 01:42 PM IST
Swiggy Staples Plus, which is being tested, will offer the credit option to restaurants that get their supplies through Swiggy Plus.
- May 17, 2020 07:28 PM IST
Credit Guarantee Scheme worth Rs 3-lakh crore for MSMEs, announced as part of Rs 20 lakh crore economic package, is likely to become operational later this week.
- Apr 08, 2020 11:37 AM IST
Credit rating firm Crisil on Wednesday said it has postponed its annual general meeting, which was scheduled for later this month, due to the coronavirus pandemic
- Dec 05, 2019 05:08 PM IST
However, a lender cannot give more than Rs 50,000 to the same borrower across all P2P platforms, at any point in time.
- Nov 01, 2019 09:51 AM IST
Advances to both industry and services slump
- Sep 23, 2019 12:30 PM IST
Fintechs provide teenagers and those in their 20s, with easy credit to meet their day-to-day expenses
- Aug 28, 2019 01:02 PM IST
The package, aimed primarily at home buyers and real estate developers, is expected this week
- Aug 06, 2019 03:06 PM IST
The subdued numbers come at a time when dismal employment and low consumption demand have been dragging economic growth.
- Jun 14, 2019 11:57 AM IST
If the budget introduces measures to encourage savers to direct more flows to bank deposits, then banks could lower interest rates
- Jun 11, 2019 04:29 PM IST
Termed the 'Amazon Credit Builder', the programme lets users with no credit or bad credit build credit through a secured card.
- Mar 01, 2019 09:48 AM IST
Banks have been wary of defaults by NBFCs and the latest data confirm the liquidity crunch they are facing.
- Jan 29, 2019 11:14 AM IST
Representatives from the banks have met a few times to establish a live network to make supply-chain finance more transparent and secure
- Jan 24, 2019 05:56 PM IST
Cab aggregators are looking to diversify as business growth is slowing down. Softbank-backed Ola already does transactions and an NBFC licence will help it diversify into allied segments for growth.
- Dec 14, 2018 01:21 PM IST
The meeting will review the progress with respect of some of the decisions taken in the last meet on November 19.
- Oct 29, 2018 04:30 PM IST
The rate hikes by banks also indicate that banks are getting comfortable in their pricing power as the liquidity crunch and tighter access to the bond market is weighing on the NBFCs.
- Sep 07, 2018 09:01 PM IST
In this video, we demystify the popular myths surrounding plastic money.
- Aug 08, 2017 12:17 PM IST
A good credit score ensures that any loan you apply for gets sanctioned quickly. The score reflects one’s track record in handling credit.
- Jun 26, 2017 06:30 PM IST
Some of the best-known companies that have lowered loan funds include Gail India (-48%), Piramal Enterprises (-37%), National Fertilizers (-37%), L&T (-24%) Hindalco (-20%) and Jet Airways (-22%).
- Apr 17, 2017 04:32 PM IST
The numbers simply don’t add up. How can a country growing at 7 percent see its non-food credit grow at around 5 percent?
- Apr 16, 2017 11:57 AM IST
- Mar 31, 2017 08:54 PM IST
Indian banks' loans rose 4.4 percent in the two weeks to March 17 from a year earlier, while deposits rose 13 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.
- Mar 06, 2017 10:33 AM IST
Sale of stressed assets has fallen sharply in FY17, despite improved recognition by banks. Vinayak Bahuguna, CEO of ARCIL, the country‘s largest asset reconstruction company, in an exclusive interview with Malini Bhupta explains why banks are not willing to sell down their stressed assets and what can be done.
- Mar 02, 2017 09:18 PM IST
For India's cash-reliant economy, Prime Minister Narendra Modi's decision in November to outlaw old 500 and 1,000 rupee banknotes came as a big shock.