The Jalandhar-headquartered bank has also plans to expand its branch network by opening 20 more branches in the northern region.
If you credit score is over 750-800, most banks and housing finance companies will offer their best – that is, lowest – interest rates to you.
HDFC’s asset quality has been improving in the past few quarters and it wants to sell the stressed loans before its merger with HDFC Bank which will create a financial behemoth
BharatPe, which acquired a 51% stake in the Mumbai-based NBFC, said it has also infused a substantial amount of investment into Trillion Loans to enable its loan book to grow
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.
Strong profit growth has put Indian financiers’ optimism in overdrive, but is it sustainable? Skimping on loss provisions is risky, especially when this strategy has backfired in the past
To meet their growing expenditure, from daily needs and health emergencies to weddings and sending their children abroad for studies, farmers rely on Arhtiyas despite the heavy interest they pay. Arhtiyas remain crucial for the farm economy of Punjab and Haryana
Central Bank of India, Union Bank of India offer the cheapest gold loans at interest rates of 8.45-8.65 percent per annum
According to microloan lenders, customers typically use such loans to buy cattle, set up vegetable shops, etc.
Issuing the rules the RBI said that the quantum of penal charges shall be proportional to the defaults/ non-compliance of material terms and conditions of loan contract beyond a threshold.
Pradhan Mantri MUDRA Yojana (PMMY) was launched on April 8, 2015, by Prime Minister Narendra Modi to facilitate easy collateral-free micro-credit of up to Rs 10 lakh to non-corporate, non-farm small and micro-entrepreneurs for income-generating activities.
The non-banking finance company said its customer franchises increased by 3.1 Mn to stand at 69.1 Mn as of 31 March 2023.
From a high credit card utilisation ratio to violating terms and conditions, like reward policies, there are several reasons credit card companies can cancel your credit card.
In a floating loan, it doesn't make any difference if you take a loan when rates are high or low, said Mistry.
Loan disbursal to the SHGs is aimed at increasing the income of women and their families by empowering them financially.
In recent years, banks have significantly reduced NPA levels aided by an aggressive clean-up exercise initiated by the RBI
Adani Green Energy also plans to refinance its 2024 bonds via a $800 million, three-year credit line, said the sources, who declined to be named as they were not authorised to speak to the media.
Housing finance companies steal a march over banks bound by home loans linked to repo rate, offer cheaper home loans
Two Indian government sources told Reuters of the proposal as finance ministers and central bank chiefs from the Group of 20 prepared to meet in Bengaluru next week. The gathering will be the first major event of India's one-year presidency of the G20, a bloc composed of the world's biggest economies.
Higher interest rates lead to lower home loan eligibility as EMIs increase
The RBI increased the benchmark lending rate by 25 basis points; home loan rates are expected to go up further.
The exposure to Adani Group is primarily to the operating companies in sectors like ports, transmission, power, gas distribution, roads and airports, Axis Bank said.
The Swiss lender’s private banking arm has assigned a zero lending value for notes sold by Adani Ports and Special Economic Zone, Adani Green Energy and Adani Electricity Mumbai Ltd., according to people familiar with the matter, who asked not to be identified discussing private information.