The loans were given under schemes like Pradhan Mantri Svanidhi Yojana, Mudra Yojana and Pashupalak Kisan Credit Card.
The framework will enable state-run banks to access the broad network of fintech companies' resources, lowering their own costs associated with obtaining loans and making ad hoc investments in expensive platforms or technology.
The corporation had assigned loans amounting to Rs 7,468 crore in the corresponding quarter of the previous year, HDFC Ltd said in a regulatory filing.
Some customers took to Twitter to complain about entries of unpaid dues on loans and credit cards which they did not apply for in their CIBIL report
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Car is a depreciating asset and hence, it’s better to take as small a loan as possible.
The bank wants to double the current pace of half a million new credit card issuances every month
Microfinance loans worth Rs 64,899 crore were disbursed during the same period a year ago. In terms of volume, a total of 1.81 crore loans were disbursed during Q2 FY2022-23, as against 1.85 crore loans in Q2 FY2021-22, as per the latest report by Microfinance Institutions Network (MFIN).
Valuation should be the touchstone to pick stocks from export-oriented sectors for the long term; for the risk-averse, companies catering to domestic demand could be good picks
Argentina, Pakistan and others are pushing the IMF to drop - or at least temporarily waive - the surcharges, which the IMF estimates will cost affected borrowers $4 billion on top of interest payments and fees from the start of the COVID-19 pandemic through the end of 2022.
The value of loans disbursed grew 374% YoY to Rs 6,292 crore, while the number of loans disbursed grew 150% to 6.8 million cumulative loans for the two months ended November 2022
"When there are macroeconomic risks, it is generally wise to avoid using margin loans on any company, as stocks may move in ways that are decoupled from their long-term potential," Musk tweeted late on Thursday, without naming any companies.
Real estate experts say that tax deduction benefits to repay principal and interest amounts haven’t been raised in many years. Interest rate hikes and increased demand through the Covid pandemic should nudge the government to give sops to home-buyers, they add.
Walmart did not immediately respond to a Reuters request for comment.
The Reserve Bank on December 5 amended the master directions on securitisation of standard assets, barring securitisation of loans with residual maturity of under 365 days with immediate effect, other than for trade receivables.
Existing home loan borrowers may see EMIs rising as there is not much room for loan tenures to increase. On the other hand, they may gain from a likely rise in fixed deposit rates
Describing the move as "revolutionary, Patnaik on Tuesday said women can now set up small and medium enterprises (SMEs) or even launch big businesses.
Interest on home loans has risen lately, making house purchases that much costlier. However, owning a house does give a feeling of security that isn’t easy to quantify mathematically.
The management of Five Star Finance said that the company will continue investing in growing its branch network and adding technological capabilities.
New sources of risk such as a return to the old pension system, and mounting overdue of power discoms could push many states to a fiscal precipice
Bank of Maharashtra, Bank of India and State Bank of India offer interest rates between 8.9-10.55 percent on personal loans