Search For "loan"
RBI bars pre-payment charges by banks for transfer of floating rates loan
Updated : 8 months, 2 weeks ago IST
In a major relief for borrowers, the Reserve Bank of India (RBI) has announced that banks and other regulated lenders will no longer be allowed to impose pre-payment charges on loans taken by individuals for purposes other than business.
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Maharashtra: 76-year-old farmer ploughs farm manually for 10 years due to
Updated : 8 months, 2 weeks ago IST
Ambadas Pawar has been a farmer for over 50 years and ploughing manually for the last 10 along with his wife, as he was forced to sell his oxen due to not being able to afford the animal's maintenance. He claimed that until now no one has come to help him and requested that his loan be waive
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National Herald case: Court questions ED on AJL shareholding, Congress' ro
Updated : 8 months, 2 weeks ago IST
While hearing the Enforcement Directorate's (ED) arguments on a money laundering complaint in the National Herald case, the Rouse Avenue Court raised certain queries to the ED about the shareholding of Associated Journals Limited (AJL) and whether the Congress party was a victim, as it had g
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RBI Dy Governor Rao calls for frequent credit information updates, data qu
Updated : 8 months, 2 weeks ago IST
RBI Deputy Governor M Rajeshwar Rao has called for frequent data updates by Credit Information Companies (CICs), asserting that it will improve loan underwriting precision, among others.
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Average lending rates of scheduled commercial banks declining in line with
Updated : 8 months, 2 weeks ago IST
The weighted average lending rate (WALR) on fresh rupee loans of scheduled commercial banks (SCBs) declined to 9.20 per cent in May 2025, from 9.26 per cent in April, Reserve Bank of India (RBI) data showed.
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Personal Loans of Up to ₹55 Lakhs Available on Bajaj Markets
Updated : 8 months, 2 weeks ago IST
Pune (Maharashtra) [India], July 2: Bajaj Markets, one of the leading financial marketplaces in India, enables salaried individuals to explore and apply for personal loans of up to ₹55 Lakhs from multiple trusted lenders.
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Banks earnings will be reduced in Q1FY26 due to weak loan growth, lower ma
Updated : 8 months, 2 weeks ago IST
Banks are expected to report muted earnings for the first quarter of FY26 because of weak loan growth, lower margins, seasonally soft fee income, and higher slippages weigh on performance, according to a report by IIFL Capital.
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TCL Technology pioneers the first sustainability-linked offshore syndicate
Updated : 8 months, 2 weeks ago IST
Shenzhen [China], July 1: Recently, TCL Technology Group Co., Ltd. ("TCL Technology", the "Group") announced the Group's first sustainability-linked syndicated loan, with a total amount of US$200 million. This is considered to be the first sustainability-linked offshore syndicated loan in Ch
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Gold loans have grown at CAGR of 20% in last 5 years: Report
Updated : 8 months, 2 weeks ago IST
India's gold loan market has increased from USD 33 billion in FY19 to USD 83 billion in FY24, growing at a compound annual growth rate (CAGR) of 20 per cent, according to Praxis Global Alliance report.
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RBI guidelines reducing provisioning for project finance are credit positi
Updated : 8 months, 2 weeks ago IST
The Reserve Bank of India's (RBI) final guidelines for project finance loans, aimed at managing risks while supporting the viability of projects, are credit positive according to Moody's Ratings.
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Shriram Life Insurance Partners with Muthoot Mercantile to Expand Insuranc
Updated : 8 months, 3 weeks ago IST
Thiruvananthapuram (Kerala) [India], June 28: Shriram Life Insurance Company Limited (SLIC) is proud to announce a strategic partnership with Muthoot Mercantile Ltd. (MML), a Kerala-based Non-Banking Financial Company (NBFC) renowned for its gold loan services. Through this collaboration, MM
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Credit growth influenced by economic activity rather than surplus liquidit
Updated : 8 months, 3 weeks ago IST
Credit growth in the economy is influenced more by overall economic activity than by the size of the liquidity surplus, according to a recent report by Standard Chartered, an international bank.
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