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IIFCL profit rises 44% to highest-ever of ₹1,552 crore in FY24

He said, for the first time, the profit before tax has crossed Rs 2,000 crore. During the yea…

PTI   


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RBI to come up with unified regulatory framework on connected lending

The Reserve Bank of India (RBI) said on Friday that it will come up with a unified regulatory frame…

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1 min read

Crypto billionaire Michael Novogratz's firm has tokenized a 316-year-old violin owned by Catherine the Great in order to back a loan

"We're creating a process that will transform how a whole range of assets are managed, valued, and …

Filip De Mott   


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As younger borrowers drive digital loans, proportion of ‘borrowed for less than six months’ rises significantly

The digital lending landscape is primarily driven by younger customers, those aged below 40, who ma…

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India’s small digital businesses have a capital problem and this will only grow

Indian digital small and medium sized enterprises (SMEs) are on a growth path but suffer from a wor…

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ADB approves $23 million loan to catalyze fintech development in Gujarat

According to ADB, Gujarat International Finance Tec-City (GIFT), a state-owned enterprise, serves a…

ANI   


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Google has removed 2,500 fraudulent loan apps from its Play Store, says FM

The matter is also regularly discussed and monitored in the meetings of the Financial Stability…

PTI   


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Speedy, small loan market sees Muthoot Microfin make an entry

The loan amount can range between ₹10,000 to ₹30,000. The entire loan process, including disburseme…

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3 mins read

Even in the digital age, banks need brick and mortar presence, especially in Hindi heartland

In the age of digital banking, there are very few reasons to step into the bank. Even if one decide…

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3 mins read

Chinese syndicates to keep hurting India via loan app scams: Cyber expert

Chinese criminal syndicates and gangs operating digital loan shark scams are expected to further de…

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Corp affairs ministry probing Chinese cos linked to loan apps; investigations at advanced stages

The corporate affairs ministry is probing various Chinese companies, especially those with links to…

PTI   


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India’s corporates in ‘wait and watch’ mode as consumption loans zoom

Large corporates are still not driving India’s credit growth as private capital expenditure is yet …

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RBI governor asks realty companies to stress test their books

The governor of Reserve Bank of India (RBI) Shatikanta Das said on Wednesday that the recent measur…

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Bajaj Finance stock regains speed after fall in the morning

The stock of Bajaj Finance fell by over a percent in early morning trade on Thursday. On Wednesday …

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Consumption loans take a breather in July-September 2023 period, even as delinquencies rise

India’s retail loan growth moderated in the second quarter of FY24, especially in consumption-led s…

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Fintech personal loans log 62% of sanction volumes in FY24 first half in India: FACE report

Fintech personal loans have grown steadily in the country and contributed to a third of overall act…

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Personal loans remain the dominant Fintech product, accounting for 96% of the total disbursement volume: Equifax and FACE

The highest number of personal loans are disbursed in less than ₹5,000 ticket size. Digital loan d…

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RBI's vigilance: New consumer credit norms to bolster India's financial stability amidst surging loan growth

In a proactive move aimed at mitigating potential systemic risks associated with the rapid growth o…

ANI   


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RBI curbs on Bajaj Finance not a structural issue, multiples derating likely if issue persists

The Reserve Bank of India earlier this month has directed Bajaj Finance “to stop sanction and disbu…

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Digital lending platforms see 3x year-on-year rise in disbursals to ₹14,016 crore in Q2 FY23

Fintechs issuing digital loans witnessed an over three-fold disbursal growth in Q2. The number and …