FCNR scheme: Withholding tax fear haunts US, Singapore NRIsNon-resident Indians residing in Singapore and the United States are expressing significant concerns over withholding taxes. These taxes th...
Corporate loan growth outpaces retail advances at top private banksCorporate lending at top Indian private banks surged significantly in the June quarter. This corporate loan growth far outpaced retail cred...
India Inc is returning to banks for money, but retail borrowers aren’t keeping paceIndia’s largest private banks are witnessing a shift in credit demand, with corporate and SME lending driving loan growth while retail borr...
As defaults on student loans surge, millions are trying to get their lives back on trackMillions of Americans face student loan defaults after pandemic relief ended. Borrowers like Ashley Dreahn and Barbara Howaniec struggle wi...
India’s private lenders bet on corporate loan revival for growthIndian banks report robust loan growth driven by corporate demand. Companies are shifting from expensive bond markets to cheaper bank borro...
Yes Bank Q1 profit surges 34% on strong loan growthYes Bank has reported a remarkable thirty-four percent surge in net profit for the first quarter, driven by robust loan growth and enhancin...
'Not the subject to talk about: Sharad Pawar stays tight-lipped amidst reports of possible NCP-SP splitSharad Pawar deflected speculation about his party's potential split and future alliances. Supriya Sule clarified that no official discussi...
'Collateral-free education loans up to Rs 7.5 lakh extended to students': Tamil Nadu Minister K ViswanathanTamil Nadu aims to facilitate education loans for over one lakh students by 2026-27. The state government is committed to ensuring no stude...
Banks seek RBI clarity on collateral-free loans up to Rs 20 lakh for small businessesBanks face challenges extending collateral-free loans up to twenty lakh rupees. Some accounts are not covered by the government guarantee s...
Saudi Arabia rolls over $3 billion loan to Pakistan: ReportSaudi Arabia has rolled over its USD 3 billion debt to Pakistan. Pakistan's finance minister confirmed the debt rollover was completed. The...
RBI bars banks, NBFCs from selling acquired stressed assets back to defaulting borrowers, related partiesNew Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowers. These prudential rules apply t...
Jana SFB targets 80:20 secured-unsecured loan mix; expects TVS partnership to boost two-wheeler financingJana Small Finance Bank plans to reduce unsecured loans to 22-23% of its portfolio over the next two years from 27%, with a long-term targe...
Education-loan AUM of NBFCs seen up 20 pc despite slower US biz: ReportEducation loan assets for NBFCs are projected to grow steadily at twenty percent this fiscal year. Diversification across study destination...
Personal loan application rejected? Here are 6 real reasons banks said no & a 5-step fix-it plan
Tata Power mulls $450 million loan backed by offshore unitsTata Power is negotiating with banks for a significant overseas loan. The company seeks five-year funding backed by its subsidiary shares. ...
Tata Capital to buy 88.6% in Yogloans, enters gold loan businessTata Capital’s Yogloans buyout gives it an instant gold-loan platform, adding a high-yield secured product to its retail lending portfolio....
Tata Capital forays into gold loans with Yogloans acquisitionTata Capital is entering India's gold loan market by acquiring a majority stake in Yogloans. This strategic move expands their retail lendi...