LOAN DEFINITION

See, when the loan is given for one year and thereafter, it is treated as an NPA after 90 days. So, when it becomes an NPA, the option for us and the customer has not paid the interest or closed the loan, it is for us to ask him to do it and if he i...

The IMF has raised concerns over Pakistan's struggle to meet the terms of its USD 7 billion loan package. Key issues include a tax revenue shortfall, delays in securing foreign loans, and discrepancies between provincial and federal tax laws, partic...

Bank Loans: Aggressive lending practices in India have led to a surge in retail-loan defaults, sparking concerns about the impact on the stock market and the broader economy. Several banks have reported increased stress in unsecured loans, causing t...

Hero FinCorp offers short-term personal loans up to Rs 5 Lakh for various needs such as medical emergencies, wedding expenses, education costs, home repairs, and instant travel. The loan app provides instant approval, competitive interest rates, low...

India's private credit market is rapidly expanding with new local participants, raising concerns about potentially weakened lending standards. Experts highlight possible risks while regulators emphasise the sector's resilience. Despite challenges, t...

On the day a judge was set to consider the lenders’ fraudulent transfer claims against his company, Byju Raveendran outlined for the first time in court his explanation for what happened to the money, which lenders have been trying to track down for...

?There has been over leveraging in the sector and also at the same time there have been tightening norms both by the RBI and the or the SROs.

The Supreme Court's rejection of Vodafone-Idea's curative petition on adjusted gross revenues has made banks hesitant to lend to the company. With liabilities now significantly increased, lenders are reassessing their positions. Private banks are ca...

Markets regulator Sebi on Monday imposed a penalty of Rs 1 crore on Anmol Ambani, son of industrialist Anil Ambani, for his failure to exercise due diligence while approving general-purpose corporate loans in Reliance Home Finance matter.

?It is sometimes very disturbing. So, I used to feel very disturbed. But as a banker, if you ask me, I mean, my qualification is as a banker. So, as a banker, I used to feel very happy inside that we have very extremely professional regulator who wo...

Education loans for overseas courses are set to grow rapidly for non-banking financial companies (NBFCs) due to increasing demand for higher education. Crisil Ratings projects a 40-45% rise in assets under management, reaching over Rs 60,000 crore t...

The State Bank of India (SBI) is enhancing its technology and digital footprint, adding 50,000 to 60,000 savings accounts daily. Chairman CS Setty anticipates steady credit growth and a strong corporate balance sheet. SBI is targeting growth in MSME...

US miners and battery recyclers are hurrying to secure billions in government loans before January, fearing a potential funding block if former President Donald Trump is reelected. The mining industry seeks Washington's support to counter China's ma...

?You would have heard this budget wherein the finance minister talked about SIDBI's role, their branches to be expanded, and they have to play a leading role in providing credit to MSME and when you partner with such an institution, then you feel ve...

I think these are things that we have to monitor very carefully and hopefully once the budget is out and announced and the revenues trickle into the economy, I think we will see some benefits from that. So, all in all, we are looking at a better sec...

A populist budget is a fiscal plan focused on immediate public appeal through measures like tax cuts and social spending increases. Criticized for prioritizing short-term benefits over long-term economic stability, such budgets can lead to fiscal de...

Happy Tuesday! Kunal Shah-led fintech startup Cred is prepping for an entry into the secured credit space. Details of this and more in today’s ETtech Morning Dispatch.

Muthoot FinCorp aims to diversify from gold loans to 80% in 3 years, becoming a full-stack financial services provider. Plans include expanding branches, hiring, and offering new services to lower-middle income groups.

Unimoni Financial Services CEO Krishnan R highlighted that states like Kerala, Telangana, Tamil Nadu, Bihar, Maharashtra, and Punjab are actively participating in the gold loan market. While farmers constitute a significant portion of their clientel...