Loans

The average loan ticket size in the first half of FY25 was Rs 84,507, compared to Rs 92,086 since September 2021

The initial focus of the Unified Lending Interface is to provide small-ticket loans and improve collection efficiency

Report reveals 47% of borrowers face higher borrowing costs due to poor credit scores

Women borrowers in India have grown at a compounded growth rate of 22 per cent over the last 5 years with majority of them from semi-urban and rural areas, who are also actively monitoring their credit scores, a report said on Monday. The report titled 'From Borrowers to Builders: Women's Role in India's Financial Growth Story', released by NITI Aayog CEO B V R Subrahmanyam also showed bulk of their loan was for meeting consumption demand and comparatively less for businesses. The report has been published by TransUnion CIBIL, Women Entrepreneurship Platform (WEP) of NITI Aayog and MicroSave Consulting (MSC). "The number of women availing credit in India has increased at a compound annual growth rate (CAGR) of 22 per cent between CY 2019 and 2024. While consumption loans continue to be the preferred products held by women borrowers, the report's insights show that more women are also availing business loans," a statement said. As per the report, credit availment for financing ...

Disbursement of microfinance loans has declined 35.8 per cent to Rs 22,091 crore during the third quarter ending December 2024 as compared to the similar previous corresponding period, Microfinance Institution Network (MFIN), an umbrella body of the microfinance institutions (MFIs), said in its report. Assets under management (AUM) of the MFIs at the end of December 2024 stood at Rs 1,42,695 crore, showing a decrease of 0.1 per cent against the same period ending December 2023. The average loan amount disbursed per account during the third quarter was Rs 51,691 crore, registering an increase of 15.2 per cent in comparison to the same quarter of the previous fiscal. Portfolio at risk (PAR), defined as unpaid loans of more than 30 days, deteriorated to 8.8 per cent as of December 31, 2024, compared to 3.5 per cent in the previous corresponding period ending December 31, 2023, the report said. During the current third quarter, NBFC-MFIs received debt funding of Rs 12,921 crore, mainly

The reversal of rules follows the central bank's decision to defer proposals to increase the capital that banks set aside for new project loans and liquidity they hold for digital deposits

The hit on non-banking financial companies (NBFCs) would be larger compared to banks, they said

The RBI has invited comments and feedback from stakeholders and the public on the draft circular by March 21

ED officials reported that the arrested individuals received substantial remuneration-Rs 2 crore and Rs 70 lakh, respectively-for their involvement in creating these illicit accounts

The IIM Lucknow study seeks to address this gap by designing a framework to identify non-carbon-intensive sectors and assess their impact on loan portfolio quality

Recoveries to touch Rs 38,000 crore

Bad loans grow sequentially and annually

The MSME sector may be on the cusp of a big change if it seizes on the opportunities in financing and protection in getting dues

The launch of a new credit guarantee scheme for the MSME sector covering loans up to Rs 100 crore will help attract more investments, promote manufacturing and boost the country's exports, exporters say. They said that the exporting community's lack of adequate financing for capital investments has long been a challenge for MSMEs, restricting their ability to scale and compete in global markets. On January 29, the government launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME) with an aim to provide 60 per cent guarantee coverage by National Credit Guarantee Trustee Company Ltd (NCGTC) to Member Lending Institutions (MLIs) for credit facility of up to Rs 100 crore sanctioned to eligible MSMEs for purchase of equipment/machinery, the finance ministry said in a statement. For availing the scheme, the MSMEs should fulfil certain conditions which include that the borrower should be an MSME with valid Udyam Registration Number, loan amount guaranteed shall not exceed Rs 100

India is among 36 countries where the CBDC is currently in the pilot stage

In the proposal sent to the finance ministry, the MSME ministry has suggested raising the Shishu category limit to Rs 5 lakh and the Kishore category to Rs 10 lakh

It is the is the highest amount raised in the last five years through that route

Banks' move comes in response to a recent Supreme Court ruling that mandates financial institutions to only sanction loans against properties if the borrowers present valid certificates

Share of consumption loans is increasing, while share of asset-creating loans is falling

The digital tool aids in budgeting, and provides flexibility by allowing users to experiment with different loan tenures