Middle class spending boom in India comes with growing debt billConsumer borrowing in India has surged significantly as access to credit has expanded across the population. Individuals like Navjot Singh ...
04 Nov, 2026, 11.31 AM IST
'One layoff can expose years of poor financial planning': Man earning ₹40 lakh LPA gets laid off, reveals ₹2 crore home loan, ₹30 lakh personal loan and pending car EMIsAfter losing a job with a salary of ₹40 lakh per annum, a man faces severe financial stress. He has ongoing loans, including a ₹2 crore hom...
04 Nov, 2026, 11.22 AM IST
Loan growth, fall in provisions help SBI profits in Q2State Bank of India reported a 14% year-on-year rise in Q2 FY27 net profit to Rs 23,038 crore, driven by 18% loan growth, higher net intere...
04 Nov, 2026, 07.37 AM IST
NBFCs redesign lending models ahead of revolving credit curbsNon-banking financial companies are innovating loan products to align with upcoming Reserve Bank of India guidelines. These guidelines aim ...
04 Nov, 2026, 01.28 AM IST
Rise in NPA is transitory, as borrowers take time to adjust to new rules, says Muthoot Finance MDMuthoot Finance has indicated an increase in bad loans linked to evolving lending regulations that are affecting borrowers. The company exp...
02 Nov, 2026, 08.04 PM IST
Delhi techie couple donates Rs 50 to political party, claims Rs 40 lakh ITR deduction, evades Rs 5.3 crore income tax, faces IT probeA Delhi-NCR techie couple allegedly claimed Rs 40 lakh in tax deductions after donating just Rs 50 to a political party. An Income Tax Depa...
02 Nov, 2026, 12.43 PM IST
ED opens money laundering probe against Subhash Chandra in Rs 1,322 crore loan caseThe Enforcement Directorate has registered an ECIR against Essel Group chairman Subhash Chandra in an alleged Rs 1,322 crore loan fraud inv...
02 Nov, 2026, 12.45 AM IST
PNB Housing aims for a 4x growth in corporate loan book to Rs 3,000 crorePNB Housing Finance aims to expand its corporate loan book significantly by the end of March 2027. The company intends to maintain a focus ...
01 Nov, 2026, 04.14 PM IST
Sitharaman says NDA revived IDBI Bank after UPA-era bad loan crisisIn response to Rahul Gandhi's opposition to IDBI Bank's privatisation, Nirmala Sitharaman stressed the successful recovery of the bank than...
30 Oct, 2026, 11.51 PM IST
Bank loans against fixed deposits surge 53% to Rs 2.17 lakh crore on FCNR-B leverage playBy the close of September, loans against fixed deposits experienced a striking 53% year-on-year spike, reaching Rs 2.17 lakh crore. The dem...
30 Oct, 2026, 08.47 PM IST
'Height of insanity:' Trump ends VA mortgage rescue program; 15,000 veterans face higher payments, 700 see $1,000 hikeAfter the discontinuation of the Veterans Affairs Servicing Purchase program, many veterans are encountering significantly higher mortgage ...
30 Oct, 2026, 07.27 PM IST
Will VA foreclosures rise further? Veterans with modified loans face higher monthly payments after VASP ended, and the new partial claim program does not help themMore than 15,000 US veterans have seen their monthly mortgage payments rise by at least $150 after the Trump administration ended a key VA ...
30 Oct, 2026, 07.06 PM IST
PSU banks cut fresh deposit rates more sharply than private lenders in September: RBI dataIn September, public sector banks cut their interest rates on fresh term deposits by 10 basis points. Private sector banks only reduced the...
30 Oct, 2026, 07.02 PM IST
Flipkart, Exim Bank lead $8.13 billion external borrowing proposals in AugustIndian companies have sought to raise a total of $8.13 billion in external commercial borrowings. This amount represents a 6% increase from...
29 Oct, 2026, 07.52 PM IST
Homebuyer stops paying EMIs on Rs 39.92 lakh home loan after builder sells his flat to another buyer; Karnataka HC quashes bank’s criminal caseThe Karnataka High Court has dismissed the criminal charges against homebuyer Mr. Bari, who stopped repaying his loan EMIs after learning t...
27 Oct, 2026, 08.55 AM IST
Trump administration student debt collection: Five ways borrowers can protect their paychecks from federal garnishmentMillions of Americans struggling with student loan debt may soon face renewed collection efforts from federal agencies. The Education Depar...
26 Oct, 2026, 07.06 PM IST
India's glittering gold loan sector risks sliding into a dark zoneThe gold loan market in India is on a rapid growth trajectory, fueled by true demand alongside possible financial distress among borrowers....
22 Oct, 2026, 02.34 PM IST