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Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land backThe Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...- Credit guarantee scheme for MFIs still stuck in low gearBanks have received an aggregate loan demand of Rs 10,000-12,500 crore under the scheme, according to people familiar with the matter. Whil...
- Government forwent Rs 1 lakh crore via excise duty cuts to shield consumers from fuel inflation: FMIndia's Finance Minister Nirmala Sitharaman explains recent fuel price increases are market-driven by oil companies. She noted the governme...
- FM Sitharaman says Government open to hear investor concerns on LTCG, STCG taxationFinance Minister Nirmala Sitharaman has indicated the government is ready to listen to stock market investors. Concerns regarding Long-Term...
- FM asks lenders to go beyond standard loans, design credit repayments around biz cyclesFinance Minister Nirmala Sitharaman has called on banks to move beyond standard loan products. She emphasized the need for repayment struct...
- Missiles over Dubai rattle the Gulf’s billion-dollar money machineThe Gulf's image as a safe financial haven is under strain as regional conflicts disrupt deals and deter investors. Once booming IPO market...
- UAE companies struggle to raise fresh loans as war drags onBank lending in UAE is slowing down. Lenders are becoming more careful with new loans. This is happening because of the ongoing Iran confli...
- Gold loan startups find new shine; Infy Q4 profit jumpsHappy Friday! Gold loan fintechs are moving towards building their own loan books. This and more in today's ETtech Morning Dispatch.
- RBI eliminates pre-payment charges on business loans for individuals and MSEsThe RBI has mandated that banks and NBFCs cease charging prepayment penalties on business loans to individuals and MSEs, regardless of co-o...
- Fintech Biz2X plans to hire 200 professionals across various roles in FY26Biz2X plans to hire over 200 professionals in India across AI, data science, engineering, and more in the next financial year. Their AI-led...
- Technology is a vital enabler to automate complex processes in GST: Yashraj Vakil, CaptainBizBy digitizing India’s MSMEs, CaptainBiz CEO Yashraj Vakil says it is simplifying GST compliance and inventory management with different sol...
- Biz2X surpasses Rs 9,000 crore mark in loan disbursementsBiz2X, a subsidiary of Biz2Credit, has surpassed Rs 9,000 crore in loan disbursements, driven by its AI-integrated platform, DigiKred. The ...
- Biz2X announces partnership with TruBoardBiz2X, a leading digital lending SaaS platform and a subsidiary of Biz2Credit, on Wednesday announced its partnership with TruBoard, a prom...
- Govt to pvt lenders: Step up lending to small bizPublic sector banks have fared better on disbursements, where the share of private lenders was estimated at just under 37%.
- ICICI Bank launches digital banking platform ‘InstaBIZ’ for MSMEsAny MSME (account holder or not) can download the app to get instant online overdraft facility upto Rs 15 lakh.
- Entrepreneurship on wheels: A UNDP project is taking mentorship and training to rural womenIt is well known that in India has one of the lowest workforces in the world with a rank of 108 in the Gender Gap Index. The only way to br...
- Andromeda has partnered with Biz2CreditAndromeda which has disbursed loans to the tune of Rs 13,000 crore last year, is aiming at disbursal of Rs 18,000 crore in current financia...
- Tally add-on enables small biz to get loansThe company, which has built a $1.4-billion lending portfolio in the US, is growing its business in India by providing its technology platf...
- ETRISE launches Biz Listings, aims to help Indian SMEs grow their businessET RISE Biz Listings is a ‘one-stop’ platform enlisting Service providers / SMEs from various industries and will be accessible from across...
- Loan applications worth over Rs 50 cr were received from MSMEs in Biz Bridge 2015CII will take forward the loan applications through its Finance Facilitation Centre (FFC) for further actions with all its 13 partner banks...
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