Mumbai (Maharashtra) [India], February 27: Avanse Financial Services (Avanse), a leading education-focused non-banking financial company (NBFC) in India, today announced that India Ratings & Research (Ind-Ra) assigned 'IND AA/Stable' for Bank Loans & Non-Convertible Debentures & 'IND A1+' fo
Announced by RBI Governor Sanjay Malhotra during the latest Monetary Policy Committee meeting, this policy shift is expected to provide the commercial real estate sector with much-needed access to stable, long-term capital. According to the association, "This landmark move strengthens the fi
New Delhi [India], February 7: Getting a personal loan is not just access to funds, but a long-term financial commitment that needs careful planning, and most importantly, ensuring that the EMI does not burden your finances, or put you at the risk of defaulting on the loan.
Anshuman Magazine, Chairman & CEO for India, South-East Asia, Middle East & Africa at CBRE, welcomed the move, stating it will provide a "major boost" to these investment tools. He noted that the change will "make it easier for the trusts to raise funds at relatively cheaper rates." By openi
The accused posed as government employees, prepared forged identity cards and fake income documents, and fraudulently obtained loans from various banks.
Credit to micro, small and medium enterprises (MSMEs) has emerged as a key driver of bank loan expansion in recent years, supported by strong policy measures, government-backed credit guarantees and wider formalisation through the Udyam registration framework, highlighted a report by Axis Ba
The credit growth of the banks in the country which had slowed in recent quarters, is expected to pick up as companies begin to draw more funds for their day-to-day operations, highlighted a report by State Bank of India.
India's financial system is undergoing a major shift as the ways in which borrowers raise funds have expanded far beyond traditional bank loans. According to a Bank of Baroda press release, total resources raised in the economy have more than doubled in the last five years, reflecting the ch
"This support has included the provision of financial assistance and facilitation of bank loans. Women involved in these groups have become familiar with banking systems, engaged in the production of goods, and achieved self-sufficiency. Currently, Assam has 4 lakh SHGs with approximately 40
The Asian Development Bank (ADB) on Friday approved a loan of USD 109.97 million in order to support Government of Gujarat's vision of becoming a global industrial hub through a stronger, more future-ready workforce.
"The recent standstill in tourism has severely impacted local businesses in Pahalgam, with hotel owners, shopkeepers, taxi owners, and horse owners struggling to repay bank loans. To address this, local leaders are urging the government and Shrine Board to support the Amarnath Yatra, which c
An FIR has been filed against HDFC Bank's MD and CEO by a certain Mehta family that defaulted on a bank loan provided back in 1995. The private lender informed stock exchanges on Sunday evening, as it vowed to continue all lawful remedies to recover the dues from the defaulter.