Search For "lending"
After UPI, RBI will now launch Unified Lending Interface or ULI for fricti
Updated : 1 year, 7 months ago IST
The technology platform for providing "frictionless credit" launched by the Reserve Bank of India (RBI) last year as a pilot project will be introduced nationwide soon, said Reserve Banks of India Governor, Shaktikanta Das on Monday.
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Laying the Foundation: Constructing a Debt-Free Future with SingleDebt
Updated : 1 year, 7 months ago IST
New Delhi [India], August 23: "The rapid expansion of digital or APP lending platforms has made access to credit easier than ever, but it also increases the risk of falling into debt traps if not managed wisely."
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'Bin Radha Rani Mohan Kaun Hai' Featuring S.K. Tiwari and Shweta Singh to
Updated : 1 year, 7 months ago IST
New Delhi [India], August 20: Renowned Bhajan Samrat Anoop Jalota's devotional song 'Bin Radha Rani Mohan Kaun Hai' sung by Anoop Jalota is going to be released on Sanatan World YouTube channel. The poster of the song has gone viral on social media as soon as it was released. The video fe
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NEDFi can join hands with Assam govt to improve micro-lending facilities:
Updated : 1 year, 7 months ago IST
Assam Chief Minister Dr Himanta Biswa Sarma on Friday said that North Eastern Development Finance Corporation Limited (NEDFi) can join hands with the Assam government in bolstering women's empowerment and creating more entrepreneurship in the state through micro-lending facilities.
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RBI announces to create repository to check unauthorised lending Apps
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) has announced measures to check unauthorized lending Apps and to prevent consumers from such illegal practices.
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Brankas and Boost Capital: Transforming the Lending Landscape in Southeast
Updated : 1 year, 7 months ago IST
Manila [Phillippines], August 6: Brankas and Boost Capital have launched LoanLink, the first chat-based lending solution of its kind in Southeast Asia. LoanLink provides a user-friendly chat interface that facilitates seamless integration and instant loan applications. By eliminating manual
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Digital initiatives to triple Indian retail borrowing to USD 2.5 trillion
Updated : 1 year, 7 months ago IST
Recognising the impact of digitisation in the country, S&P Global Ratings said that the state-backed digital initiatives will underpin a tripling of Indian retail borrowing by 2030, lifting Indian households' debt to about USD 2.5 trillion or about 34 per cent of GDP.
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Over the last twelve months, credit offtake expanded by Rs. 20.4 lakh cror
Updated : 1 year, 7 months ago IST
The credit offtake continue to grow at the rate of 13.9 year-on-year to reach Rs. 168.1 lakh crore for the fortnight ending July 12, 2024, however, the pace of growth was slow, a Care Edge report said.
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Credit growth drops in June, credit offtake expanded by Rs. 20.4 lakh cror
Updated : 1 year, 7 months ago IST
The credit growth in June 2024 dropped sharply to 17.4 per cent lower than 20.8 per cent in the previous month, however over the last twelve months, credit offtake expanded by Rs. 20.4 lakh crore while deposits expanded by Rs 23.9 lakh crore, a report by Anandrathi observed.
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SC to examine Shylockian attitudes over money lendings
Updated : 1 year, 8 months ago IST
The Supreme Court has agreed to examine the issue over lenders entertaining Shylockian attitudes and said that it will regulate such instances and rescue the helpless who happen to borrow loans and then are doomed to debts.
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India's Digital Infrastructure paving ways for MSME financial inclusion: I
Updated : 1 year, 8 months ago IST
The report identifies several key obstacles, such as the inadequacy of collateral, difficulties in verifying the creditworthiness of MSMEs, and the high transaction costs associated with providing small loans. These factors make lending to MSMEs less attractive for financial institutions.
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Biz2X Achieves Global Recognition for Exceptional Growth and Innovation in
Updated : 1 year, 8 months ago IST
New Delhi [India], July 17: Biz2X, a leading digital lending Software-as-a-Service (SaaS) platform and a subsidiary of Biz2Credit, has become a disruptive force in the fintech ecosystem, both in India and globally. Known for its innovative approach to business lending, the company has made s
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