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PERSONAL LOANS STATISTICS
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analystsFrom a macro perspective, it is clearly a good time to be bullish. But as valuations remain high in parts of the market despite the recent ...
'Din me employee, rat me Rapido drive': Watch viral video of a father who works for 15 hours to pay Rs 20 lakh loan EMIsAn Indian father works over 15 hours daily, juggling a day job and gig work to manage loan EMIs. The video shows him returning home late, p...
'Debt of 'Achhe Din': Congress slams govt over rise in per capita debt of individual borrowersThe Congress party criticized the Modi government over a steep rise in individual debt levels, citing RBI data showing per capita debt incr...
Cautious lenders make Indians borrow less in festive season: ReportCautious lending practices led to reduced borrowing during the festive season, according to a Crif High Mark report. Home loan growth was m...
FM Sitharaman asks PSBs to push deposit drive by taking 'concerted efforts' following RBI's consistent warningsFinance Minister Nirmala Sitharaman chaired a meeting in Delhi to review Public Sector Banks' performance. Discussions included areas like ...
Household savings decline due to rising home, auto, personal loansHousehold savings saw a third consecutive decline in FY24, dropping by Rs 9 lakh crore to Rs 14.16 lakh crore by FY23, per MoSPI data. ICRA...
Bank deposits surge Rs 3.26 lakh crore as people rush to surrender Rs 2,000 notesDeposits in commercial banks in India increased by INR 3.26 lakh crore to INR 187 lakh crore in the first two weeks after the Reserve Bank ...
Fall of industrial loan share in bank credit, personal loans up: RBI dataThe Reserve Bank on Wednesday notified that the share of industrial loans in total credit has been gradually declining over the last decade...
Industrial loan growth turns negative in 2020-21 due to COVID-19-related disruptions: RBI dataPersonal loans continued to grow at robust pace in the last decade and their share in outstanding bank credit increased to 25.9 per cent in...
Credit growth to industry remained in negative zone during 2020-21: RBIAs per the Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs), March 2021' released by th...
Household savings rate has dipped, personal loans are increasing: India Ratings & Research reportAccording to a recent survey, Arth Samvaad, by India Ratings & Research there has been dip in household savings rate.
At 6.2 crore, women account for 78 per cent of Mudra loaneesAround Rs 1,78,313 crore of loans sanctioned were to women who were self-employed and running businesses such as bakeries, paper products, ...
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...
Consumer durables market back on steady growth pathThe consumer durables market is back on a steady growth path, thanks to falling interest rates, decline in inflation and inflationary expec...
Rise in retail loans from banks to help consumer goods marketThe consumer durable market is back on a steady growth path, thanks to falling interest rates and moderation in inflation and inflation exp...
Customers must check their credit reports periodically: Mohan Jayaraman"There are times when a wrong entry in an individual’s credit report impacts his or her chances of getting future loans."
- China fumes over leaked economic data
The reported data spurred biggest gain in benchmark Chinese share index in 2 weeks and set off a stock rally from Europe to US. China's inf...
- Citi woos expatriates in India to expand customer base
Citi, through the new account, is offering customers a range of benefits - relationship managers, investment options, global deposits in ei...
- Cranes Software in deal with Fractal Analytics for Predicta
Cranes Software International has entered into partnership with Fractal Analytics to develop Predicta, a retail risk management application...
- Is it worth prepaying home loan?
Interest rates on home loans have consistently been on an upward trend in the last couple of years. Every time the bank intimates an increa...