Loans

May 30, 2023 01:56 PM IST

Capital Small Finance Bank eyes Rs 14,000 crore of total business in FY24

The Jalandhar-headquartered bank has also plans to expand its branch network by opening 20 more branches in the northern region.

Looking out for lower interest rates on home loans? A good credit score helps

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 looks to offload Rs 2,000 crore stressed developer loans: Report

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 acquires NBFC Trillion Loans

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

SEBI delivers final order in Karvy demat scam, cracks down on MD and directors

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.

India’s banks have it all, except caution

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

Farm Uneasy: Despite push towards access to formal credit, most farmers continue to rely on middlemen for loans

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 

Gold loans: Banks and NBFCs that offer the lowest interest rates

Central Bank of India, Union Bank of India offer the cheapest gold loans at interest rates of 8.45-8.65 percent per annum

Baby steps: The bulk of Mudra loans fall under the Shishu category of up to Rs 50,000

According to microloan lenders, customers typically use such loans to buy cattle, set up vegetable shops, etc.

RBI releases draft rules on penal charges related to loans

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.

Banks sanction Rs 23.2 lakh crore to about 41 crore beneficiaries under Mudra Yojana

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.

Bajaj Finance spurts 4% on strong Q4 business update

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.

Higher spending, missed payments? Your credit card may be cancelled

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.

MC Exclusive | Interest rates on consumer loans unlikely to come down soon: HDFC’s Keki Mistry

In a floating loan, it doesn't make any difference if you take a loan when rates are high or low, said Mistry.

Loans worth Rs 7.81 crore disbursed to women SHGs in Latur under Maha govt programme

Loan disbursal to the SHGs is aimed at increasing the income of women and their families by empowering them financially.

Moody's says Indian banks likely to see improvement in bad loan situation

In recent years, banks have significantly reduced NPA levels aided by an aggressive clean-up exercise initiated by the RBI

Adani plans to repay up to $790 million share-backed loans by March: Report

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.

What are penal charges on loans? 

These banks offer the lowest interest rates on home loans

Housing finance companies steal a march over banks bound by home loans linked to repo rate, offer cheaper home loans

What are stage 3 assets in NBFC?

G20 host India to propose China, other creditors take haircuts on loans: Report

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.

Looking for a new home loan? You may have to settle for a lower amount now

Higher interest rates lead to lower home loan eligibility as EMIs increase

Should you prepay your home loan now, after six hikes in policy rate?

The RBI increased the benchmark lending rate by 25 basis points; home loan rates are expected to go up further.

Axis Bank says exposure to Adani Group at 0.94% of total loans

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.

Credit Suisse’s private bank halts margin loans on Adani bonds

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.