Loan

Perils of the 'push' loan phenomenon and rural India's rising debt burden

Rural households are increasingly depending on borrowed money to meet everyday consumption needs, a practice that is not sustainable in the long run

Canara Bank led consortium seeks bids to sell Rs 1,226 cr loans in MMOPL

Mumbai Metro One is a SPV that is jointly owned by Reliance Infrastructure and MMRDA

EIB Global to provide 300 million euros loan for Bengaluru suburban railway

The European Investment Bank (EIB Global) will provide a 300 million euro (about Rs 2,800 crore) loan for Bengaluru suburban railway, a top official said on Friday. "This loan of 300 million euro is for building a new suburban railway network covering four dedicated rail corridors in Bengaluru. The network will stretch over a total of 149 km and include 58 stations and two depots" EIB Vice-President Nicola Beer said here. The project promotes a modal shift from road to rail and addresses congestion, air and noise pollution, road safety and greenhouse gas emissions while providing an affordable mobility solution to improve access to jobs and study opportunities, she said. Since 2016, EIB has provided loans worth 3.25 billion euro (about Rs 30,225 crore) for the transport sector across India, Beer said, adding that the country is the largest beneficiary of EIB transport financing outside Europe. Home to around 1.4 crore people and expected to reach 2 crore by 2030, Bengaluru is India

Loan portfolio of microlenders decline 2.3% in Q1, NPAs rise: Report

Loan portfolio of microlenders reduced by 2.3 per cent quarter-on-quarter to Rs 4.32 lakh crore in April-June while NPAs surged, a report said. Notably, for the last few months, microfinance institutions, banks and small finance banks which extend MFI loans, have been reporting challenges on this portfolio, and the regulator has also flagged the same. Over-leveraging among the borrowers is being flagged as a key aspect, impacting asset quality. The report by Crif High Mark, a credit information company said, there was 17.2 per cent increase in the borrowers having more than five active loan accounts in June when compared with the year-ago period, with highest growth seen in West Bengal and Karnataka. Nearly half of the rise in stress on an incremental basis when compared to the year-ago period came from borrowers who have five or more active loans, the company said. There was 31.2 per cent QoQ drop in the amount disbursed in the first quarter of FY25 at Rs 79,000 crore while the .

Pre-approved loans are easy but customers must choose options cautiously

Interest rates are a primary factor in deciding which loan to choose. Determine the exact loan amount you need based on your purpose

GST system overhaul needed as compensation cess repayment nears 2026

The tax came into being in 2017 with a promise to compensate state governments for revenue losses during the first five years

10 Best Payday Loans for Quick Cash: Cash Advance Apps & Alternatives

Secure quick cash when you need it most with the best payday loans. We review the top 10 companies that connect you with direct lenders.

ADB assures cash-strapped Pakistan $2 billion in new loans annually: Report

The Asian Development Bank has assured Pakistan it will provide USD 2 billion annually in new loans to the cash-strapped country amid the government's inability to get cheaper credit due to its worsened ratings, according to a media report on Tuesday. The assurance was given by the visiting Asian Development Bank (ADB) President Masatsugu Asakawa during his interaction with Pakistani authorities on Monday, The Express Tribune newspaper reported, citing Ministry of Economic Affairs officials. The Manila-based lender is expected to provide USD 2 billion per annum from 2024 to 2027, the officials said, adding that the total four-year package amounts to USD 8 billion. Out of the USD 2 billion, the ADB will give around USD 1 billion at a fixed 2 per cent rate under its concessional window. Despite having reached a staff-level agreement with the International Monetary Fund (IMF), Pakistan has become a desperate borrower in recent years, striking deals at unsustainably higher interest rate

Soon, loan processing for MSMEs, others will be faster, simpler: Here's how

Much like the UPI revolutionised payments, ULI aims to do the same for lending, making it quicker and simpler

SBI can support loan growth, lower deposit growth not a challenge: Khara

Amid concerns over the continuing gap between deposit and loan growth, SBI Chairman Dinesh Khara on Friday said it is not posing any challenges for the country's largest lender as it is able to support the uptick in advances. The bank is unwinding a part of its excess investments in government securities to arrange the required resources to support the loan growth, Khara told reporters here. It can be noted that for nearly two years, the deposit growth is trailing the credit expansion for the banking system, and SBI has also been seeing the same trends in its business. Some experts have been opining that this is due to flow of savings into higher yielding capital market alternatives, while some like SBI's own researchers also called the concerns a "statistical myth", saying the overall quantum of incremental deposits has been higher than advances since FY22. Asked about how concerning the situation is at present, Khara said, "We are in a position to support our loan book growth wel

How Kissht empowers borrowers through Responsible Lending

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Buying a car? Here are best loan rates by various companies

The EMIs you pay on the loan will vary significantly depending on the interest rate

Buying a home? The best home loan rates offered by banks, finance firms

Interest rates depend on a customer's creditworthiness, loan amount, professional background and other factors

Why your credit score is not improving despite timely payments: Know more

Each time you take a new credit card or loan or look to refinance an existing loan, the new lender checks about you

Credit score to bills: Steps to take if your loan application is rejected

Paying loan instalments on time is crucial for maintaining a healthy credit profile, reducing the chance of loan rejection

Should you take a loan against mutual funds? Check details before opting

Loan against mutual funds is a financial solution that allows you to create an overdraft facility against your mutual fund units

Medical emergency loan: Quick access to funds carries higher interest rates

Such loans typically offer faster processing times and easier eligibility criteria

Tata Communications raises $250 million sustainability-linked loans

ANZ acted as the lead sustainability coordinator for the loan, while DBS Bank and EDC were the joint sustainability coordinators

Planning to purchase a car? Here are best loan rates by various companies

Processing fees and rules of top lenders listed to help you make a decision

Vodafone Idea in talks to avail loans worth $1.8 billion, says report

The company has reached out to state-run lenders State Bank of India (SBI), Bank of Baroda, Punjab National Bank and some privately-held banks, the report said