Loans

Bandhan Bank will gradually increase its exposure to secured loans by enhancing advances to the housing and MSME sectors, its Managing Director and CEO Chandra Shekhar Ghosh said.

Bank officials said India-centric business had predominant share - funding exports and imports as well as terms loans.

Shriram City Union Finance will focus on personal, gold and small business loans to achieve its 18 per cent growth in AUM in the current fiscal year amid a slowdown in demand for two-wheelers due to shortage of components and other factors, a top company executive said. Noting that the demand in the economy has not yet fully recovered, while rural and semi-urban areas have been doing better now, Y S Chakravarti, MD & CEO, said majority of the company's business comes from semi-urban and rural markets and anything good for the rural economy will help the company's business. "Our focus will be on personal loan, gold loan and small business loans. In terms of economic recovery, we have not recovered fully. Urban areas are still struggling, to some extent the rural economy has picked up probably because, one the harvest has been good and in current year also there is good rainfall prediction,"Chakravarti told PTI in an interaction. He said the crop harvests and also the prices are ...

Digital payments Paytm said its lending business saw a 449 per cent increase in number of loans disbursed in April and business now has an annualised run-rate of Rs 20,000 crore

It was Garg and not the company, who took responsibility for compensating the Japanese investment giant SoftBank for any losses, reports TechCrunch

The lender declared its January-March earnings Wednesday, and posted a drop in its gross NPAs to 11.78 per cent from 14.12 per cent reported a year ago

Existing loans pertain to 17 projects; firm proposes to 18 toll road assets and one annuity road asset from the sponsor Singapore-based Cube Highways group

State-owned lender announces reducing processing charges to a flat Rs 1,500.

The share of EBLR loans by banks rose from 2.4% in September 2019 to 28.6% in March 2021 and to 39.2% in December 2021, RBI says

The enhanced limit is subject to a maximum of Rs 200 crore per borrower

201,000 loan proposals of Rs 39,580 crore disbursed in the business loan category; 17,791 retail loans amounting to Rs 1,689 crore also disbursed

Microfinance institutions and an MFI-turned lender hailed the RBI's Regulatory Framework on microfinance loans announced on Monday saying that these guidelines will further deepen the penetration of micro-credit in the country. The Reserve Bank of India (RBI) allowed microfinance lenders to fix interest rates on loans with a rider that those should not be usurious for the borrowers. A microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs 3 lakh. The framework for microfinance loans announced by the RBI will further help deepen penetration of micro-credit in the country, MD & CEO of Bandhan Bank C S Ghosh said. Bandhan Bank is a microfinance company that got a universal banking licence some years ago. The latest guidelines are a strong reflection of the maturity of MFIs in the country and will go a long way in harmonising the regulatory framework for different types of lenders, encouraging healthy competition and enabling ..

Shriram Housing Finance has set a target of doubling its loan-book to Rs 10,000 crore and become third largest player by FY2024 on the back of a 45 per cent growth this fiscal at around Rs 5,300 crore

Consumer credit drives action; commercial segment shows modest growth, according to FIDC-CRIF data

Some were even on the verge of reducing central liability to zero

Government-promoted CSC SPV subsidiary CSC Grameen eStore and Adani Capital have joined hands for extending business loans to Village Level Entrepreneurs for purchasing products

The Asian Development Bank (ADB) on Sunday said it provided a record USD 4.6 billion loans to India in 2021, including USD 1.8 billion towards coronavirus response

Affordable housing-focused Home First Finance is bullish on the market and is on course to disburse 30 per cent more loans over the last fiscal to close this year

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The People's Bank of China (PBoC) said it had trimmed rates on its standing lending facility (SLF) loans by 10 basis points (bps) effective Jan. 17