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INDIA SUBPRIME LOANS
India’s subprime bubble grew 2,100%; now a bust looms as debt traps millions of familiesSubprime loans in India's microfinance sector are experiencing significant distress, with a 68% borrower stress rate and rising overdue loa...
Rise in household debt because number of borrowers rose: RBIIndia's household debt is increasing, driven primarily by rising borrower numbers rather than higher average indebtedness. The Reserve Bank...
'India's success with UPI offers replicable model for other nations'Unified Payment Interface is India's leading digital payment platform. Payments through digital means in India are hitting fresh highs, as ...
'India's success with UPI offers replicable model for other nations'A new study reveals how India's Unified Payments Interface (UPI) revolutionized financial access, enabling millions of seamless digital tra...
Will builder loans become India's subprime sinkhole?Builder loans have come under the lens. Total developer loan in India is estimated to be $80 billion.
Ace economist Kaushik Basu opines on how black money actually helped avert a crisis for IndiaHe recently spoke about it while delivering the 23rd Lalit Doshi memorial lecture in Mumbai.
- Subprime-wary RBI steps up vigil on MNCs
The Reserve Bank of India has stepped up its vigil on foreign banks operating in the country following the subprime crisis. Complete Pre-Bu...
- Subprime-wary RBI steps up vigil on MNCs
The Reserve Bank of India has stepped up its vigil on foreign banks operating in the country following the subprime crisis, which has led t...
- Subprime crisis to produce deeper problems: IMF
Analytical work modeled on conservative assumptions suggests that potential losses may be higher and further capital injections are likely....
- Reddy enquires bankers on subprime
The sub-prime crisis in the US and Europe still seems to be haunting the local banking community.
- Legal framework needed to protect lenders and defaulters
With a high default rate of over 10%, recovery agents are here to stay. What's needed is a legal framework to protect both lenders and defa...
- By default, it’s a tough bet
With a high default rate of over 10%, recovery agents are here to stay. What’s needed is a legal framework to protect both lenders and defa...
- Foreign banks, funds exit red-hot real estate
Wall Street banks and leading international investors who have relentlessly poured money into India’s red-hot properties, have turned selle...
- Smarter after subprime mess, NHB raises vigil
The National Housing Bank - the regulator for housing finance companies (HFCs) - has decided to beef up the monitoring mechanism for HFCs t...
- Indian economy seen escaping subprime fallout
India should escape major fallout from the US subprime credit turmoil thanks to its largely insulated economy but the country's outsourcing...
- Need for caution in retail lending: Assocham
Retail lending has increased by over 30% between March 2006 and March 2007, underscoring a need for caution, revealed an Assocham study.
- Banks stay alert against personal loan defaults
Even as the world markets face the fallout of indiscriminate lending in the US subprime market, banks in India are keeping a close watch on...
- Banks rule out replay of subprime blues here
The subprime shadow may not creep up on domestic banks for now, but it is likely to impact their borrowing plans with credit spreads increa...
- UBS' subprime report gives ICICI a scare
UBS Securities released a report on Tuesday, which said that India’s biggest private sector bank, ICICI Bank, is exposed to the US subprime...
- GE Q2 profits up 12%
General Electric said second-quarter profit rose 12% on sales of power-plant turbines,jet engines and loans