Dec 09, 2022 11:59 AM IST

Elon Musk says wise to avoid margin loans during macroeconomic risks

"When there are macroeconomic risks, it is generally wise to avoid using margin loans on any company, as stocks may move in ways that are decoupled from their long-term potential," Musk tweeted late on Thursday, without naming any companies.

Walmart plans to offer BNPL loans through its fintech venture: Report

Walmart did not immediately respond to a Reuters request for comment.

Interest-free loans up to Rs 5 lakh for Mission Shakti SHGs in Odisha

Describing the move as "revolutionary, Patnaik on Tuesday said women can now set up small and medium enterprises (SMEs) or even launch big businesses.

How to check credit score over WhatsApp

Looking to buy your first house? Take a calculated view sans family or peer pressure

Interest on home loans has risen lately, making house purchases that much costlier. However, owning a house does give a feeling of security that isn’t easy to quantify mathematically.

Five Star Finance eyes Rs 7,000 crore in assets under management by FY23-end

The management of Five Star Finance said that the company will continue investing in growing its branch network and adding technological capabilities.

How long can states sustain on Centre’s fiscal support and perpetual loans?

New sources of risk such as a return to the old pension system, and mounting overdue of power discoms could push many states to a fiscal precipice

Personal loans | Banks that offer the lowest interest rate on a Rs 5-lakh loan

Bank of Maharashtra, Bank of India and State Bank of India offer interest rates between 8.9-10.55 percent on personal loans

Domestic airfares unlikely to drop back to pre-COVID levels as airlines battle cost surge

Airlines are in no mood to start a fare war at a time when global supply chains are disrupted and fuel prices are still at very high levels after the Russian invasion of Ukraine.

Five things you should consider before choosing a festival-season loan

When you opt for a loan, you need to ensure that it is repaid in time so that your credit score does not take a beating.

IDBI Bank targeting bad loan recoveries worth Rs 4,000 crore in FY23: CEO Rakesh Sharma

Going forward, IDBI Bank is looking to explore avenues to achieve a business growth of 10-12 percent, the CEO said.

Under ECLGS, interest rates for loans to Indian airlines are virtually double that of banks: Govt officials

High interest rates puts the viability of the scheme in question, at a time when airlines are struggling to make ends meet due to high ATF prices.

Higher revenue receipts help Odisha avoid market borrowing

Aside from non-tax revenue from mining auctions, Odisha's tax revenue grew 20 percent during the first six months of the current financial year thanks to a spurt in economic activity after the easing of Covid restrictions

Pakistan seeks billions of dollars in new loans after floods

"We are not asking for any kind of measure [such as] a rescheduling or a moratorium," the country's Prime Minister Shehbaz Sharif told the Financial Times. "We are asking for additional funds."

Diwali Shopping: How to make the best use of festive offers

From cashbacks to discounts to waiver of processing fees on home loans, many banks have lined up goodies for consumers. Make sure to check if there are offers with your credit and debit cards as well.

Cheapest home loans: Banks and HFCs that win the race this festive season

Despite RBI’s 50-bps rate increase, ten banks and housing finance companies continue to offer interest rates of up to 8.1 percent on floating-rate home loans, considered to be cheapest in the market.

HDFC Bank posts 23.5% loan growth in second quarter

Gross of transfers through interbank participation certificates and bills rediscounted, the bank's advances grew by around 25.8 per cent over September 30, 2021

Banks’ loan book to grow 14-15% YoY in FY23; GNPAs seen at 5% by March end, analysts say

Credit growth will be led by strong demand from corporate and individual borrowers as well as micro, small and medium enterprises, rating company CRISIL said.

ECL approach for provisions will lead to sustainable loan growth, increase due-diligence, bankers say

As per RBI’s latest data, banks’ outstanding non-food credit grew 16 per cent year-on-year (YoY) to Rs 124.30 lakh crore as on August 26, higher than 6.7 per cent growth registered a year ago.

As RBI hikes rates, expect higher interest on loans and deposits

Today’s policy rate action was per expectations. Going by statements in the press conference, future rate action will depend on how the inflation pans out. It is likely there would be another rate hike of 25-35 basis points on December 7, 2022.

Hazaribagh incident: Did Mahindra Finance follow RBI directives on recovery agents?

The death of a 27-year-old pregnant woman in Jharkhand's Hazaribagh, after being crushed under the wheels of a vehicle financed by Mahindra Finance, once again throws the spotlight on the strong-arm tactics NBFCs apply for loan recovery.

Festive Frenzy | Banks line up cheaper loans, special offers to woo retail borrowers

HDFC Bank and ICICI Bank have launched campaigns to lure festive shoppers with discounts on a range of products and services.

Credit cards: Keep in mind these factors before opting for EMIs

EMIs are one of the most attractive features of a credit card. But beware: always ensure that you spend within limits, so that you are able to pay your bills on time and avoid the hefty finance charges and penalties that can lead to a debt spiral.

Retail loan repayments in securitised pools largely unaffected by inflation, rate hikes

The monthly collection ratios (MCR) of securitised pools rated by Crisil Ratings have remained ”largely unaffected” by the macroeconomic challenges, the agency said.

Bankers set eyes on double-digit loan growth in FY23 as credit demand makes comeback

Low base, small ticket size loans, working capital requirements, and a shift to bank borrowings on account of high yields in the capital market continue to drive growth, rating agency CARE Edge said in a note on Tuesday.