WHAT IS LOAN

Global banks are reassessing their lending to India's Adani Group. This follows fraud charges against its founder, Gautam Adani, by US prosecutors. Banks may pause new loans but retain existing ones. The situation is being closely monitored for its ...

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 Enforcement Directorate arrested two Chinese nationals in Tamil Nadu for allegedly running illegal digital loan apps. The accused allegedly used the WazirX crypto platform to launder funds and threatened borrowers with harassment and blackmail. ...

Latest lending rates : The Marginal Cost of the Fund-Based Lending Rate, or the MCLR, is the minimum interest rate a financial institution needs to charge for a specific loan. Institutions like SBI, HDFC Bank, Bank of Baroda, and IDBI Bank have incr...

Loan disbursal to microfinance borrowers decreased by 29% in the second quarter. Banks reduced lending more than non-bank lenders. The microfinance market is experiencing stress due to previous over-supply of credit. The outstanding loan portfolio h...

State Bank of India is seeking a five-year loan of up to $1.25 billion, marking the largest dollar-denominated loan from India's financial sector this year. The loan, arranged by CTBC Bank, HSBC, and Taipei Fubon Bank, will be used for general corpo...

SBI lending rates: The State Bank of India (SBI) has announced the latest marginal cost of funds-based lending rates (MCLR) on loans for the period November 15- December 15, 2024. SBI has revised lending rates on these three tenures. The revised MCL...

Loan disbursal to microfinance borrowers decreased by nearly a third in the second quarter. Banks reduced lending more than non-bank lenders. The overall microfinance market size also contracted for two consecutive quarters. The decline is attribute...

Several lenders said that they now prefer offering loans to customers with credit scores of more than 750 from a cap of 720 seen prior to the onset of stress. Banks are also keeping a very close watch on days past due (DPD), where collection machine...

Some large state-owned banks in India are exploring the possibility of offering home loans to individuals without traditional income proof. This initiative aims to assess borrowers' earnings through alternative methods, such as evaluating QR code tr...

US elections 2024: With Donald Trump all set to become the next President of the US, all eyes are on economy. Trump has promised tax cuts and imposing tariffs if he wins. The election would shape the nation's economic policies, global alliances, and...

PM Vidyalaxmi scheme 2024: The Union Cabinet has introduced PM Vidyalaxmi, a new Central Sector initiative aimed at providing financial support to eligible students, ensuring that financial constraints do not hinder anyone from accessing higher educ...

Donald Trump places focus on tariffs and tax cuts in his 2024 economic plan, suggesting elimination of federal income tax, extensive tariffs on imports, and significant corporate tax cuts. He also proposes making car loan interest tax-deductible and...

A digital credit line offers flexible and convenient borrowing options by allowing users to access funds as needed within a pre-approved limit. Interest is charged only on the amount withdrawn, making it an ideal solution for managing short-term exp...

Shares of Bajaj Finance are expected to gain attention as the company reveals its Q2FY25 earnings, with net interest income projected between Rs 8,810 crore and Rs 9,187 crore, reflecting a 22-28% YoY hike. Analysts predict healthy growth in PAT, NI...

IREDA Q2 Results: Shares of IREDA will be in focus as the company announces Q2FY25 earnings today. Expected net profit is Rs 410 crore, a 44% YoY increase, while NII may rise by 45% to Rs 522 crore. Loan sanctions jumped 303% to Rs 17,860 crore.

?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.

RBI MPC October Meeting: The Reserve Bank of India's Monetary Policy Committee, led by Governor Shaktikanta Das, is expected to announce its interest rate decision on October 9, with most analysts predicting no change. A potential rate cut could ben...

Small finance banks and micro-finance lenders are capping the number of active loans to a borrower at four to reduce default risk. They are taking this step due to rising stress in unsecured loans. The RBI has also raised concerns about high levels ...