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July 27, 2023 07:38 PM IST Managing debts can be a very daunting task. All the loans along with daily expenses is something that can take a heavy toll on your finances. But there are a few ways by which you can make the repayment process seamless. Watch this video to find out.
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July 20, 2023 09:25 AM IST Home loans in the affordable housing segment, below Rs 25 lakh, have slumped. In the quarter ended June 2023, credit card payment defaults increased. The approval rate for loans to new-to-credit consumers, whom lenders typically approach with caution, was lower.
- July 19, 2023 02:27 PM IST
The bank currently has a home loan book of Rs 650 crore and plans to increase it to Rs 15,000 crore in the next three years, MD and CEO Sumant Kathpalia said.
- July 05, 2023 10:35 AM IST
Outstanding education loans jumped to Rs 97,756 crore on May 19 from Rs 82,662 crore a year ago.
- July 03, 2023 08:26 AM IST
Post the merger of HDFC and HDFC bank, borrowers may have several queries regarding their existing or sanctioned home loans. Here are the answers to some of their key concerns.
- June 30, 2023 11:59 AM IST
Increased provisioning for bad loans, which could come about, both from the new expected loss-based regulations or from increased NPAs, could dent profitability and CRAR ratios in future
- July 27, 2023 11:25 AM IST
- June 29, 2023 04:20 PM IST
If you credit score is over 750-800, most banks and housing finance companies will offer their best – that is, lowest – interest rates to you.
- June 23, 2023 06:30 PM IST
In April, PhonePe kicked off its digital lending pilots for merchants and the company said that it will launch it officially soon, a move that will be a shot in the arm for the fintech decacorn, putting it in direct competition in the lending space with its largest rival Paytm
- June 20, 2023 04:20 PM IST
The Tamil Nadu-based bank was also planning to open 35 more branches and 500 business correspondents this year, Karur Vysya Bank Managing Director and CEO Ramesh Babu said on Tuesday.
- June 16, 2023 10:25 AM IST
Axis Bank’s purchase of Citibank’s retail business drove the market share loss of foreign banks in both lending and deposits. For the first time in more than a decade, public sector banks gained market share in lending during FY23.
- June 14, 2023 08:37 AM IST
The central bank holding off on a rate hike will bring some much-needed relief to borrowers by not pushing up their monthly outgo or interest for now.
- June 12, 2023 11:36 AM IST
“In the mid- to long-term, it is necessary to find a way to smoothly deleverage household debt in cooperation with relevant institutions so that financial imbalances don’t accumulate again,” Rhee said in the text of a speech he gave Monday to mark the central bank’s 73rd anniversary.
- June 07, 2023 08:09 PM IST
In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the company on May 31 defaulted on repayments of a principal amount of Rs 1,600 crore and interest of Rs 2,361 crore.
- June 08, 2023 07:30 AM IST
There are several instances of original property documents getting misplaced by the lenders. So, the BP Kanungo committee has proposed guidelines for handling property documents for regulated entities.
- June 02, 2023 06:28 AM IST
A daily round-up of the most interesting articles to help jump-start the day.
- June 01, 2023 05:57 PM IST
There are multiple life events and situations, where people require financial backing and in those scenarios, taking an IndusInd Bank Personal Loan is beneficial.
- May 30, 2023 01:56 PM IST
The Jalandhar-headquartered bank has also plans to expand its branch network by opening 20 more branches in the northern region.
- May 27, 2023 07:04 AM IST
A daily round-up of the most interesting articles to help jump-start the day.
- May 17, 2023 10:42 AM IST
Since there is a limit to the loan amount lenders can offer, home buyers will have to contribute 10-25% of the acquisition cost on their own. It is always better to invest early to build such a corpus. While doing so, there are certain dos and don’ts to be followed.
- May 12, 2023 08:59 AM IST
HDFC’s asset quality has been improving in the past few quarters and it wants to sell the stressed loans before its merger with HDFC Bank which will create a financial behemoth
- May 06, 2023 12:11 PM IST
Here are some ways in which housing loan borrowers can reduce their EMI burden ― increase the down payment, prepay the home loan, and switch your lender, among others.
- May 02, 2023 07:54 PM IST
BharatPe, which acquired a 51% stake in the Mumbai-based NBFC, said it has also infused a substantial amount of investment into Trillion Loans to enable its loan book to grow
- April 29, 2023 09:00 AM IST
The Karvy demat scam, which first came to light in the second half of 2019, was orchestrated by the brokerage house by pledging securities lying in the demat account of unsuspecting customers.
- April 28, 2023 07:18 PM IST
Strong profit growth has put Indian financiers’ optimism in overdrive, but is it sustainable? Skimping on loss provisions is risky, especially when this strategy has backfired in the past
