New Delhi [India], March 21: The emergence of instant personal loans has provided immense relief to those needing immediate funds for managing emergencies, travel plans, and even education. As the demand for instant personal loans continues to persist in India, the industry has started seein
The credit card sector in India is witnessing a slowdown, with disbursement growth falling to a four-year low, according to a report by ACMIIL, a stock market firm.
One of the most significant announcements is the issuance of 10 lakh credit cards to micro-enterprises, each with a limit of Rs 5 lakh. Industry leaders believe this move will enhance financial inclusion and ease liquidity challenges for small businesses.
Pune (Maharashtra) [India], January 29: Fintech startup MortgageBuddy, a rising leader in the home loan sector, has achieved a remarkable milestone by reaching Rs 500 crore in monthly disbursements in December 2024. From starting at less than Rs 100 crore in April 2024, the company has grown
IREDA Chairman and Managing Director Pradip Kumar Das addressed employees via video conferencing on the New Year's Day on Wednesday and emphasized IREDA's untiring commitment to renewable energy financing
The foreign loan disbursements to Pakistan have dropped by 43 per cent, reaching USD 3.6 billion in the first five months of the current fiscal year, The Express Tribune reported on Tuesday, citing official data released on Monday.
The central government has significantly increased its subsidy disbursements in the current fiscal year so far, surpassing the amounts spent in the last two years.
The growth of non-banking financial companies (NBFCs) in India is expected to remain under pressure in the financial year 2025 due to a slowdown in loan disbursements and regulatory challenges, according to a report by Nomura.
The Department of Financial Services (DFS) which functions under the Finance Ministry reviewed the progress of credit disbursement to agri-allied activities such as animal husbandry, dairying and fisheries with Public Sector Banks (PSBs), NABARD and State/ UT Level Bankers' Committee.
CM Sukhu said that the process of disbursement would start with this award of compensation amount to the land owners of village Jugehar of Shahpur area in Kangra district.
Reserve Bank of India's (RBI) Thursday action against four NBFCs and asking them to cease and desist from making new loan sanctions and disbursements, a report by Morgan Stanley suggests more lending companies might face similar scrutiny.
It has achieved significant growth in its loan disbursements for the half-year ended September 30. In Q2 FY24-25, REC disbursed Rs47,303 crore in loans, representing a 13.71 per cent YoY increase compared to Rs41,598 crore in Q2 FY23-24.