Personal loans jump, biz loans fall in FY22

1 week ago

SBI loan disbursements in Telangana race past ₹10,000 cr. in current fiscal

State Bank of India home and home-related loan disbursements this fiscal in Telangana raced past the ₹10,000 crore mark in the eight months ended November, SBI Hyderabad Circle said on Monday. Besides home loan, SBI has a wide range of related products such as personal loan against property ; home loan top-up; Maxgain -Hybrid; and NRI home loan which are …

Loan Home Loan Circle Sbi Entire State

1 week, 1 day ago

Bad Loans in P2P Lending Double in FY24

Deccan Chronicle

Mumbai: Bad loans in the peer-to-peer lending industry have more than doubled in financial year 2024 to Rs 1,163 crore from Rs 472.1 crore in FY23, a 146 per cent rise. According to an RTI response to Capitalmind Financial Services by the Reserve Bank of India, bad loans in P2P lending touched Rs 1,163 crore at the end of the …

Rbi Lending Bad Loans P2P P2P Lending

1 week, 4 days ago

Personal Loan: How is technology transforming the borrowing experience?

Live Mint

The use of technology in the financial sector has revolutionised the entire process of borrowing and transformed the user experience to a new level. From a quick and efficient process of submitting loan applications to customised offers, technology has simplified the entire personal loan application journey. Online loan applications Now it is no longer necessary to go to the bank’s …

Application Loan Personal Loan Process Your Profile Your Queries Technology Transforming

2 weeks ago

India: Gross NPAs of PSBs at ₹3.16L Cr, Govt Reports

Deccan Chronicle

New Delhi: The gross non-performing assets of public sector banks stood at Rs 3.16 lakh crore as of September 30, which is 3.09 per cent of the outstanding loans, while gross NPAs as percentage of outstanding loan is 1.86 per cent in private sector banks, the government said on Tuesday. Informing to the Parliament, minister of state for finance Pankaj …

India Crore Sector Banks Gross Outstanding Npas

2 weeks, 3 days ago

India’s External Debt Interest Surges 93%

Deccan Chronicle

Chennai: Interest payments on India’s public and publicly guaranteed external debt in 2023 rose by 93 per cent, while total interest payment on external debt went up by 49 per cent. The South Asia region saw the biggest yearly increase in interest payments on PPG debt in 2023, rising 62 percent to US$12.5 billion. While the interest payment on external …

India Debt Interest Public Billion Cent 2023

3 weeks, 1 day ago

Realty's FY25 pre-sales goal hinges on H2 delivery

Live Mint

Listed realty firms have miles to go as far as meeting their ambitious FY25 pre-sales or bookings targets are concerned. All-India residential sales dropped to 231 million square feet, down 7% both year-on-year and sequentially in Q2FY25, said a Kotak Institutional Equities report on 27 November. These companies would have to do relatively more catch-up on pre-sales momentum than competitors …

Realty Real Launches Developers Fy25 Q2Fy25

3 weeks, 6 days ago

Planning to borrow from a personal loan lending app? Make note of 6 key points

Live Mint

Gone are the days when a loan seeker had to literally run from pillar to post to procure a personal loan. Besides a large bank, one can also approach an NBFC or a loan lending app to meet immediate financial need. Spike in fraudulent transactions Total fraudulent transactions Oct 22 Oct 24 Value terms ₹ 220 crore ₹ 411 crore …

Personal Personal Loan App Rbi Oct Transactions Nbfc

4 weeks, 1 day ago

Personal loan: How a slight increase in interest rates can raise your EMI

Live Mint

If you have been scouting for a personal loan and have already received a few offers from different banks, it is recommended that you compare the impact of the difference in interest rates on your EMIs. Scenario I: When the interest rate is 11 percent, the loan EMI on ₹10 lakh loan will be ₹21,742, thus taking the overall cash …

Personal Loan Personal Loan Interest Rates Interest Rate Interest Rate

1 month ago

NBFC-MFI growth to remain muted for this year and next

Deccan Chronicle

Chennai: Micro loans by non-banking finance companies are likely to see a flat growth or decline in FY25 against 28 per cent growth in FY24. The Q2 results highlight the added stress for the sector, due to overleveraging and a cyclical slowdown in disbursements, both accentuating asset quality challenges. But in FY25, disbursements could be impacted as funding from lenders …

Sector Nbfc Mfi Disbursements

1 month ago

Personal Loan: Want to raise ₹10 lakh? EMI to fluctuate with these two factors; check calculator here

Live Mint

If you are planning to raise a personal loan for any amount then remember that your equated monthly instalment is contingent on two factors i.e., time duration and rate of interest. Among these two factors, amount of EMI is directly proportional to the rate of interest that the bank charges, and inversely proportional to the tenure of loan. For example, …

Loan Personal Loan Interest Rate Lakh Emi Three Years

1 month ago

A big refinery, a large loan, and a bunch of eager banks

Live Mint

Mumbai: India’s top lenders are falling over each other to finance a ₹39,000 crore refinery being set up by Chennai Petroleum Corp. and Indian Oil Corp. in Tamil Nadu, in one of the largest corporate loan deals in recent times. State-owned banks like State Bank of India, Bank of Baroda and Punjab National Bank are among six lenders which have …

Loan Banks Sbi Corporate Bank

1 month, 1 week ago

Ujjivan to Sell Rs 270 Cr of Bad MFI Loans

Deccan Chronicle

Mumbai: Ujjivan Small Finance Bank on Friday said it is looking to sell Rs 270 crore worth of non-performing and written-off micro-banking loans to asset reconstruction companies. Of the Rs 270 crore worth of loans, around Rs 208 crore are non-performing loans, and the remaining Rs 62.36 crore worth of loans have been written off by the bank. In the …

Bank Loans 270 Cr

1 month, 2 weeks ago

At India’s largest bank, all eyes on premium customers

Live Mint

Mumbai: State Bank of India may be taking the higher road as it joins the scramble for customer funds without resorting to a rate war, but its outlook signals an extended industry struggle for deposit growth. India’s largest bank on Friday tempered its guidance on deposit growth to 10-11% from 12-13% for 2024-25 as customers might have now found more …

India Growth Quality Bank Deposit Sbi Setty

1 month, 3 weeks ago

Understanding Personal Loan Interest Rates: Key Factors to Consider

Live Mint

Personal loan interest rates in India are influenced by various factors, including credit score, income, and repayment history. A high credit score and stable income are generally associated with lower interest rates, while a history of timely repayments and low default rates can lead to more favourable terms. Other factors such as loan purpose, employment stability, and the lender's risk …

Credit Score Debt Servicing Employment History and Regularity Banking Relationship

1 month, 3 weeks ago

Indian Bank Maintains FY25 Guidance, Sets Credit Growth Target of 11-13%

The Hindu

Indian Bank MD & CEO Shanti Lal Jain confirms that the bank's FY25 guidance remains unchanged. He highlights the bank's strong financial performance, including 8% deposits growth, 12% growth in advances, and 9.5% recovery rate. Jain also assures that the bank's asset quality is under control, with gross NPAs declining to 3.48% and net NPAs contracting to 0.27%. He also …

Law Finance Banking Financial Markets Mumbai

2 months ago

Personal Loans Soar as Gen Z and Millennials Embrace Credit for Gadgets

ABP News

Personal loans have become increasingly popular among the younger generations in India, with Gen Z and millennials heavily relying on credit to purchase expensive gadgets. A study by Home Credit India revealed that the share of credit among personal loans has surged from 1 per cent in 2020 to 37 per cent in 2024, indicating a significant rise in consumer …

Entertainment Technology Finance Personal Loans

2 months ago

Private Banks Brace for Credit Card and Loan Stress in Q2

Live Mint

Private banks continue to see stress in small-ticket advances, with all lenders barring HDFC Bank reporting a spike in bad loans. Axis Bank's gross slippages jumped 36% year-on-year to ₹4,443 crore, led by unsecured loans. Kotak Mahindra Bank's slippages were up 42% year-on-year, with a significant rise in bad loans in the credit card and microfinance portfolios.

Law Finance Banking Credit Cards Mumbai

3 months, 1 week ago

HT This Day: September 17, 1992 — India seeks $5 billion loan from IMF

Hindustan Times

New Delhi: India has finally approached the international Monetary Fund for a US $ 5 billion loan under a suitable mix of Extended Fund Facility and Enhanced Structural Adjustment Facility over a three-year period beginning April 1993. HT This Day: September 17, 1992 — India seeks $ 5 billion loan from IMF The Finance Minister, Dr Manmohan Singh, has cleared …

India Payments Billion Imf Eff Loan Period Esaf

3 months, 1 week ago

Business Loan: 7 game-changing factors that determine your interest rate

Live Mint

Funding is one of the biggest requirements for most businesses to survive or sustain. Hence, if your business comes under priority sector lending, your business loan may get some preference and may come at a lower interest rate than other business loans. A fixed-rate business loan comes at a higher interest rate than a floating interest rate business loan. In …

Business Credit Loans Business Loans Score Rate Your Business

3 months, 2 weeks ago

Udhay urges women to take the plunge in business

Deccan Chronicle

Chennai: State Minister for Youth Welfare and Sports Development, Udhayanidhi Stalin, urged women to boldly take the plunge into business and succeed as entrepreneurship as anyway waiting to learn swimming before jumping into the water would not ever be able to swim. Addressing a government function at Ya Oothakadi panchayat in East Panchayat union in Madurai district on Monday, Stalin …

State Development Udhay Urges Women

3 months, 3 weeks ago

MFI Risks Rise with Overleveraging in Bihar, UP

Deccan Chronicle

Chennai: Increasing borrower leverage, especially in states like Bihar and Uttar Pradesh, is a key concern for the micro-finance segment. For MFI borrowers, the check on household leverage becomes paramount, as improved availability of loans from MFI players, government loans, Kisan Credit Card loans, mudra loans, gold loans, and other fintech loans could overleverage the end MFI borrower, impacting repayment …

Uttar Pradesh Loans High Borrower Nbfc Mfi Bihar Uttar

4 months ago

SBI Dismisses Concerns About Flagging In Banking Sector's Deposit Growth

News 18

State Bank of India, India’s largest lender and public sector bank, in its report, has dismissed the concerns about the flagging in the banking sector’s deposit growth. The report highlighted that in the Financial Year 23, the banking sector, particularly All Scheduled Commercial Banks, registered the highest absolute growth in both deposits and credit since 1951-52. Meanwhile, the credit expanded …

India Growth Credit Deposit Deposits Deposit Growth

5 months, 3 weeks ago

Volume Growth in Consumer Companies to Recover in FY25

Deccan Chronicle

Chennai: Consumer companies are likely to see a recovery in volume growth in FY25 as private consumption picks up with better rural growth. India Ratings expects overall volumes to recover gradually in FY25, led by the rural segment as the staples pack is more rural or mass market focused and the weakness in real wage growth may still be fresh …

Growth Consumer Rural Volume Fy24 Fy25 Recover

5 months, 3 weeks ago

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25

The Hindu

Tamil Nadu government plans to borrow ₹24,000 crore in the second quarter of fiscal 2024-2025, as per the Indicative Calendar of Market borrowings by State governments/Union Territories, released by the Reserve Bank of India. Tamil Nadu government plans to borrow a total amount of ₹1,55,584.48 crore during 2024-25 and make repayment of ₹49,638.82 crore, as per the State Budget. At …

Tamil Nadu States Tamil State Crore Nadu Borrowing

6 months ago

Ujjivan SFB shares plunge over 7.5% after bank revised its loan growth forecast lower

Live Mint

Shares of Ujjivan Small Finance Bank fell 7.56% in today's intraday trade, hitting a 3-week low of ₹44.70 apiece after the management reduced the bank’s loan growth guidance to around 20% for FY25, down from the earlier guidance of 20%–25%. In UP, five out of the 29 districts where the bank operates its microfinance business saw credit costs rise above …

Gujarat Haryana Bank Loans Loan Punjab Shares Plunge

6 months, 1 week ago

Corporate India saw 3.7 pc revenue growth in FY24: ICRA

Deccan Chronicle

Chennai: Corporate India reported 3.7 per cent revenue growth in FY24. The softening of input costs helped 17.4 per cent growth in earnings. This softening of input costs along with operating leverage benefits helped the companies see an expansion in operating profit margin by 92 bps to 17.2 per cent in Q4 FY2024. However, the OPM growth of 17.4 per …

India Growth Revenue Cent Icra Corporate India

8 months ago

Shrinking margins to keep private banks on the leash in Q4

Live Mint

Banks are expected to record moderate growth in profits in the March quarter despite strong credit offtake. Going forward, industrial credit growth should Despite witnessing some improvement, deposit growth is still significantly lower at 12.7%, as per a research report by Nirmal Bang Institutional Equities. Motilal Oswal Financial Services projects earnings to grow by only 9% year-on-year, much lower than …

Growth Credit Bank Rbi Banks Npas Private Banks

8 months ago

Despite RBI measures, unsecured personal loans by banks grow; ICICI leads pack

New Indian Express

Mumbai: The second largest private sector lender ICICI Bank has the highest exposure in the unsecured personal loan segment at 13.8 percent, while at the system level it is 8.7 percent as of the December 2023 quarter, according to an analysis. The system-wide exposure has more than doubled since March 2018 when it was only 4 percent, while the system …

Bank Unsecured System Level Leads Pack Unsecured Loans

8 months, 1 week ago

NBFC lenders find borrowing a costly affair

Live Mint

MUMBAI : Non-bank lenders are struggling through a spike in borrowing costs as banks have become cautious in lending to them following a regulatory warning, forcing these companies to diversify their money sources. The Reserve Bank of India in November increased the risk weights on NBFCs by 25 percentage points, making their cost of borrowing from banks costlier by 30-50 …

Finance Rbi Rates Banks Borrowing Lending Nbfcs

9 months ago

Bank of India Slashes Home Loan Rates By 15 Bps To 8.3% Until March 31

ABP News

The Bank of India, a public sector lender, announced on Tuesday a notable adjustment in its new home loan interest rates, reducing them from 8.45 per cent to 8.3 per cent. Bank of India proudly asserted that at the reduced rate of 8.3 per cent, it stands as the institution offering the lowest rate among its counterparts in the industry. …

Bank Loan Cent Interest Rate Bank Of India Rooftop Solar Panels

9 months, 3 weeks ago

Household income limit for micro loans should be raised to ₹5 lakh: NBFCs

Live Mint

Non-banking finance companies and microfinance institutions want the Reserve Bank of India to reexamine the threshold relating to annual household income limit for giving micro loans. The last time criteria relating to the annual household income limit for giving microloans to individual borrowers was revised was in 2022, when it was upped from ₹1.25 lakh in rural areas and ₹2 …

Household Loan Lakh Limit Micro Household Income Limit

10 months ago

IBC Recovery Rate at 32 Per Cent By Dec Quarter

Deccan Chronicle

CHENNAI: The overall recovery rate under Insolvency and Bankruptcy Code till the December quarter was 31.86 per cent implying a haircut of approximately 68 per cent. The overall recovery rate till Q3FY24 was 31.86 per cent implying a haircut of approximately 68 per cent. The cumulative recovery rate has been on a downtrend, decreasing from 43 per cent in Q1FY20 …

Cases Cent Dec Quarter

10 months ago

Chennai Corporation Budget 2024 | Fiscal deficit at lowest in five years, revenue receipts up

The Hindu

The Greater Chennai Corporation presented its budget for the fiscal year 2024-25, with the lowest deficit in five years. According to the Budget estimate documents from FY2020-21 until now, net deficit was at its lowest in FY 2024-25 compared to the past five years. Although revenue receipts are at their highest now over the past five years at ₹4,464.60 crore, …

Budget Crore Five Years Revenue Receipts Chennai Corporation Singara Chennai

10 months, 2 weeks ago

Loan Ticket Size of MSMEs Rise After Pandemic

Deccan Chronicle

Chennai: Post-Covid, the ticket size of loans by lenders to MSMEs has increased while approval rates have fallen. The average ticket size of loans offered by public sector banks has risen from Rs 12.6 lakh to Rs 15.1 lakh between Q2, 2022 to Q4, 2023. Approval rates in PSU banks for medium-risk companies are down from 58 per cent in …

Cent Banks Lakh Firms Nbfcs Private Banks Ticket Size

10 months, 3 weeks ago

SBI Q3 net slips 35% on wages, pension

The Hindu

State Bank of India reported third quarter net profit plunged 35.49% to ₹9,164 crore as compared with ₹14,205 crore in the year ago period due to a one-time provisioning of ₹7,100 crore toward wage hikes and pension liabilities, its chairman Dinesh Khara said at a press conference. Out of the ₹7,100 crore the bank provided ₹5,400 crore to correct the …

Bank Crore Quarter Yoy Advances Khara

10 months, 3 weeks ago

Interest Payments to Be Up 11 per Cent in FY25

Deccan Chronicle

Chennai: Interest payments, the largest expenditure of the Central government, for FY25 are estimated to go up by 11 per cent to Rs 11.9 lakh crore against FY24 budget estimate of Rs 10.7 lakh crore. The interest on internal debt has gone up to Rs 8.78 lakh crore from Rs 7.77 lakh crore in the revised estimate of FY24 and …

Budget Interest Crore Cent Lakh Fy24 Interest Payment

11 months ago

IOB Q3 results: Profit jumps 30% to ₹723 crore on improvement in core income

Hindustan Times

State-owned Indian Overseas Bank on Wednesday reported 30 per cent rise in net profit at ₹723 crore for December quarter 2023-24, on the back of improvement in core income and reduction in bad loans. On the asset quality front, the bank's gross Non-Performing Assets declined to 3.90 per cent of gross loans by the end of December 2023 from 8.19 …

Bank Crore Cent Quarter Net Profit Bad Loans Iob

1 year, 1 month ago

Micro units seek government support to repay loans

The Hindu

Micro and cottage enterprises in Coimbatore district have appealed to the district administration and the Reserve Bank of India to regulate private sector banks that allegedly collect high interest rates from the micro units. A press release from the Tamil Nadu Association of Micro and Cottage Enterprises said one of the micro units that took ₹1.31 crores loan from a …

Bank Units Micro Units Micro Unit

1 year, 1 month ago

Mint Explainer: Why has the surge in personal loans caused a stir?

Live Mint

Mumbai: The Reserve of India has expressed concern about the brisk growth in personal loans, even as most of the industry seems not-too-worried, except on the specific segment of small loans. Mint takes a closer look at the increasing demand for personal loans and why banks seem unfazed by the regulator’s words of caution. Growth in personal loans While RBI …

Personal Credit Personal Loans Rbi Banks Mint Category

1 year, 1 month ago

Crushed by inflation, populace using loans to make ends meet: Congress

The Hindu

Expressing concern over the economic trends emerging from the Reserve Bank of India’s October bulletin, the Congress on Wednesday alleged that a vast majority of Indians are suffering because of economic “mismanagement” by the BJP-led Centre. Congress general secretary Jairam Ramesh said the October bulletin “shows extremely concerning economic trends” as inflationary trends have remained above the RBI’s threshold level …

Congress Personal Loans Loans Rbi Indians Bulletin Inflation Populace

1 year, 2 months ago

Female micro-entrepreneurs account for 43% of PM SVANidhi loan disbursement

Live Mint

India's female micro-entrepreneurs account for 43% of the total disbursement under the PM Street Vendor's AtmaNirbharNidhi Scheme, according to the SBI Special report. Launched during the COVID-19 pandemic on 1 June 2020, PM SVANidhi is a micro-credit scheme for urban street vendors that aims to provide collateral-free loans up to ₹50,000 in incremental tranches. At the time of the launch …

Vendors Scheme Street Term Loan Loan Disbursement Pm Svanidhi Total Disbursement

1 year, 2 months ago

Fintech players expect bumper sales during this festive season by 15-20%

Live Mint

While a surge in demand doesn't always lead to a corresponding rise in disbursements for digital lending platforms, overall disbursements tend to increase by an average of 15-20 percent during the festive period The digital lending industry is anticipating a strong resurgence in business, and can expect as much as 15-20 percent increase during the festive season, The Economic Times …

Credit Digital Fintech Festive Demand Season Adfree

1 year, 2 months ago

’Worried over high growth in personal loans’

Live Mint

New Delhi: Reserve Bank of India governor Shaktikanta Das cautioned against the risks of “very high growth” in personal loans and urged lenders to strengthen their internal surveillance mechanisms and address the build-up of risks. While this is the first time RBI has publicly voiced concerns about the sharp growth in personal loans, the regulator has been cautioning banks about …

Personal Growth Credit Personal Loans Loans Rbi Fy22

1 year, 3 months ago

‘We want to partner banks to gain foothold in home loans’

Live Mint

India’s largest microlender CreditAccess Grameen Ltd is seeking to diversify its asset base by increasing the share of its non- microfinance book through housing, unsecured business and gold loans. After being elevated as chief executive officer in August, Ganesh Narayanan is looking to raise the share of non-microfinance loans from the current 1% to 12-14% in 4-5 years. Today, we …

Loans Home Loans Microfinance Cost Book

1 year, 3 months ago

90% of borrowers of MFIs utilised loans for income-generating activities in Karnataka

The Hindu

Microfinance institutions, which are playing a key role in providing credit to the poor, particularly women SHGs, have increased their clients from 4.2 million to 9.9 million in the last decade, and registered a growth of 132%. According to the report, ‘Microfinance in Karnataka’ commissioned by Association of Karnataka Microfinance Institutions, while MFIs loans have created a positive impact in …

Karnataka Tamil Nadu Districts Loans Loan Microfinance State

1 year, 4 months ago

Credit card default rises to Rs 4,072 crore in FY23

India TV News

Credit card default rose to Rs 4,072 crore or 1.94 per cent at the end of March 2023, Parliament was informed on Tuesday. "As per the inputs received from RBI, in respect of defaults in credit cards, the gross non-performing assets in credit cards was Rs 3,122 crore in March-2022 and Rs 4,072 crore in March-2023, while credit card outstanding …

Credit Credit Card Credit Cards Crore Rbi Banks Karad

1 year, 5 months ago

IDFC First Bank garners 24.5% YoY growth in loans and advances, deposits up 44%

Live Mint

Mumbai-headquartered private sector lender, IDFC First Bank on Wednesday announced its provisional data for the first quarter of FY24. As per the regulatory filing, IDFC First Bank's loans and advances stood at ₹1,71,420 crore in June 2023 quarter, rising by 24.5% from ₹1,37,663 crore in Q1FY23. According to IDFC First Bank, excluding the outflow of one large government banking current …

Growth Bank Quarter Yoy Deposits Casa Idfc Limited

1 year, 5 months ago

GNPAs Fall To Decadal Best Of 3.9 Per Cent In March, Set To Improve Further: RBI In FSR

ABP News

The Indian banking system's asset quality strengthened to a decadal best, with the gross non-performing assets ratio falling to 3.9 per cent as of March 2023, the Reserve Bank said on Wednesday. GNPAs of the scheduled commercial banks are expected to improve further to 3.6 per cent by March 2024, as per the baseline scenario, the RBI's bi-annual Financial Stability …

Loans Report Cent 2023 Rbi Banks Set

1 year, 6 months ago

Why can’t I get a loan despite good credit score?

Live Mint

My take-home salary is ₹1.1 lakh. Of this, I pay equated monthly instalments of ₹40,000 towards a home loan, besides monthly school fees, and a personal loan. As of now, my credit report, obtained from various credit bureaus, shows a score of 800 plus but I am unable to get a loan. So, if your income is ₹1,10,000 per month …

Credit Loan Emi Monthly Income Foir

1 year, 6 months ago

Microfinance portfolio grows 21% in FY23, shows Sa-Dhan data

Live Mint

India’s microfinance sector has recorded an overall portfolio growth of 21% during 2022-23, as per data from industry body Sa-Dhan. Except for banks, all other institutions recorded double-digit growth, with non-banking financial companies recording a 49% growth and NBFC MFIs growing 37%. According to Jiji Mammen, executive director and chief executive of Sa-Dhan, the microfinance sector has shown significant performance …

Nbfc Nbfc Mfis Portfolio Growth

Personal loans jump, biz loans fall in FY22

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