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SMARTPHONE EMI DEFAULTS
October’s festive sale blitz fails to glam up consumer durable lending marketIn the midst of a holiday shopping boom, the pulse of consumer lending remains surprisingly subdued. Financial institutions are clamping do...- Swiggy-Zepto war heats up; Smartphone credit default risesHappy Friday! Swiggy and Zepto are fighting for the second spot in the fiercely competitive quick commerce sector. This and more in today’s...
- Smartphone EMI defaults rise as lenders stop remote cell blockingLoan defaults on smartphones are climbing after the Reserve Bank of India (RBI) barred non-banking lenders from remotely blocking devices w...
- What's next for esports cos; IT deal renewals hitIndia's video gaming companies are seeking policy support after the real-money gaming ban. This and more in today's ETtech Top 5.
- Smartphone loan defaults surge amid push for premium upgradesMobile phone financing delinquency rates are climbing to 2.7-2.9%, exceeding the expected 2%. This surge is prompting lenders to tighten cr...
- For wealth-creation in the market, look beyond the obvious. Silent gainers of GST rejig: 8 stocks of lenders that fit the billWhich is the sectoral index that has gained the most after the GST rate rationalisation was announced? Answer: The Nifty Auto Index . Not a...
- Is no-cost EMI really cost-free? Read terms and conditions carefully for hidden charges and missed discountsEasy EMIs aid festive buys, but hidden charges and missed discounts require careful reading.
- Despite slower credit growth, consumption via credit goes up by five per cent, say industry executivesDespite tighter lending norms impacting unsecured credit disbursal, credit-fueled consumption in India has surged, particularly for smartph...
- Xiaomi offers loans for under Rs 15K phones to push salesXiaomi, currently the third-ranked smartphone seller in India, has introduced Xiaomi Easy Finance Program (XED), defined as a digital loan ...
- As smartphone financing jumps, so does misuse of schemesFor customers struggling for cash, this becomes a means to acquire a personal loan at minimal or no interest rates, said Ajay Sharma, smart...
- Using Buy Now, Pay Later scheme for your purchase? This is what will happen if you default on paymentMost of these borrowers are either young consumers or people who do not have any formal credit line like credit cards or EMI cards for maki...
- Consumer finance rebounds with buying unlockedFinancing had shrunk significantly after lockdown with banks and NBFCs fearing credit risk due to job losses, salary cuts, defaults on EMI ...
- EMI purchases on cards go up with consumers buying even low priced items on financeTightening liquidity have made consumers avoid cash purchases due to stress in income across households.
- Consumer finance firms may axe 'no-cost EMI', zero down payment plansConsumer finance firms are tightening terms fearing rising credit risk amid job losses and pay cuts due to Covid-19.
- Indians lap up personal loans: How much should you borrow?Even though it has become much easier for us to borrow, the rules of prudent borrowing remain the same.
- Bajaj Finance is runaway leader in the great finance war being fought in India's mallsNBFCs have the early-movers advantage here, and India's big banks will have to try real hard to have any chance of making it an even fight.
- Mutual fund investments via digital wallet may bring new challengesAllowing digital wallets for investing in mutual funds has its share of uncertainties that the regulators as well as investors should be mi...
- EMI product adoption on credit cards rising at over 200%:Vijay Jasuja, SBI CardIn an interview with ET, Vijay Jasuja, CEO, SBI Card, talks about the changing consumer trend in the credit card industry, the security fea...
- Your Rs 10-lakh personal loan disbursed within 10 secsThe biggest gainers of automation are foreign banks which face a restriction on branch licences but have the advantage of a digitally-savvy...
- Average credit card spend increases 42% in two yearsAverage monthly spend per credit card has jumped 42% to Rs 6,322 from Rs 4,462 two years ago.
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