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2 mins read

Thinking of getting a personal loan? Adani group might have something for you

The Adani One app, developed by Adani Digital Labs Ltd, debuted in December 2022 focusing on airpor…

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4 mins read

I'm a millennial mom of 3, and I rely on my mom's financial assistance

I'm a millennial with three kids and I had to ask my mom for financial assistance. Though I feel sh…

Alyse Benoit   


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2 mins read

Loan sanctioning has gone digital, but recovery still needs a 'feet on the street' approach, says RBI Deputy Governor

He also highlighted one particularly concerning practice that involves the invasion of customers' p…

ANI   


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2 mins read

5 things to keep in mind before taking a personal loan

A personal loan can come in handy when you need money in case of an emergency. Being an unsecured l…

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3 mins read

Gold loan market projected to double in 5 years to Rs 14.19 lakh crore, says PwC India's report

Lenders are also expected to implement cost optimisation initiatives that will help drive up the bo…

PTI   


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3 mins read

Loan-to-deposit ratio will subside on its own in coming months, notes Motilal Oswal report

As of 9th August, 2024 the Indian banking sector's loan-to-deposit (LD) ratio stood at 77.2 %, whic…

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3 mins read

Loans against mutual funds may come at a lower interest rate, but experts urge caution

When in need of money, especially at short notice, a personal finance loan is one option. However, …

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2 mins read

Lower money creation by RBI, substantial rise in banks profits behind decline in loan-to-deposits ratios in banks: Nomura

One of the contributors to the decline in systemic LDR is the lower net money creation by the RBI o…

ANI   


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3 mins read

India's gold loan market set for rapid growth amid rising prices; unorganized sector holds 63% share, notes recent PwC report

Indian households are estimated to possess approximately 25,000 tonnes of gold, valued at around Rs…

ANI   


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2 mins read

SBI able to support loan growth, lower deposit growth not a challenge: Khara

Some experts have been opining that this is due to flow of savings into higher yielding capit…

PTI   


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2 mins read

Here’s how one can use the avalanche method to pay off lingering debts

One of the best debt payment strategies is known as the avalanche method. The process is simple. Yo…

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2 mins read

Millions of student-loan borrowers are losing a key debt relief program in 30 days

The on-ramp period for student-loan borrowers ensured any missed payments weren't reported to credi…

Ayelet Sheffey   


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1 min read

SBI raises lending rates by 5 to 10 basis points; New loans to cost more

The State Bank of India (SBI) on Monday announced an increase in its Marginal Cost of Funds Based L…

ANI   


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1 min read

Why 1 in 2 Indians reject bank applications: FICO survey insights

Why 1 in 2 Indians reject bank applications: FICO survey insights

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1 min read

Surge in top-up housing loans not system-wide issue, says RBI Governor

Such cases are being dealt at the supervisory level bilaterally, he said. "Such practice…

PTI   


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2 mins read

Telangana govt to launch farm loan waiver scheme

The loan waiver funds up to Rs one lakh will be deposited in the farmers' accounts at 4 pm on Th…

PTI   


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4 mins read

A major student-loan company is once again at the center of a lawsuit blocking debt cancellation for millions of borrowers

The latest lawsuit that temporarily blocked broader debt cancellation argues the relief would harm …

Ayelet Sheffey   


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3 mins read

Banks write off loans worth ₹9.90 lakh crore in last 5 financial years

"Banks evaluate/consider the impact of write-offs as part of their regular exercise to clea…

PTI   


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2 mins read

Digital initiatives to triple Indian retail borrowing to USD 2.5 trillion by 2030: S&P Global

Recognising the impact of digitisation in the country, S&P Global Ratings said that the state-backe…

ANI   


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Wayanad Landslide: Kerala Bank waives loans for disaster victims at Chooralmala Branch

In the wake of the landslide disaster at Mundakkai in Wayanad district of Kerala that took place on…

ANI