The Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned Non-Banking Financial Companies (NBFCs) that give incentives and fixed targets for granting loans to their employees.
Mumbai (Maharashtra) [India], October 8: Personal loans have become instrumental for individuals seeking quick and easy access to funds. Whether it's for debt consolidation, home renovation, or covering unexpected expenses, a personal loan can provide the financial support borrowers may need
Highlighting the scheme in a post on X, the Punjab CM said that the government is committed to addressing pollution which is caused by stubble burning.
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.
Pune (Maharashtra) [India], October 5: Gold has always been a haven both for investors and borrowers. Even in recent times, gold loans are becoming increasingly popular for those seeking quick financial assistance. They allow borrowers to leverage their gold jewellery to secure funds without
Sitharaman said, "The soundness and resilience of India's banking sector have been underpinned by a sustained policy focus on asset quality improvements, enhanced provisioning for bad loans, sustained capital adequacy, and a rise in profitability."
he US has acknowledged claims made by Pakistan Peoples' Party (PPP) Chairman, Bilawal Bhutto Zardari on accusations of alleged mismanagement of $400 million received by Pakistan in loans and aid from the World Bank, meant for flood relief actions in the country.
Mumbai (Maharashtra) [India], October 3: Northern Arc Capital Limited, a diversified financial services platform, has successfully concluded its Initial Public Offering (IPO) with an overwhelming response. The IPO saw robust participation from institutional investors, HNIs, and retail invest
Non-banking financial companies (NBFCs) are increasingly attempting to access funding sources beyond banks, such as through non-convertible debentures (NCD), commercial papers (CP), foreign currency borrowings (FCB) and securitisation, to continue their growth march, asserted Crisil Ratings.
RBI has found irregular practices in the grant of loans against pledges of gold ornaments and jewelry by some entities. It has thus advised all "supervised entities" to comprehensively review their policies, processes, and practices on gold loans to identify gaps.
New Delhi [India], September 30: Taking out a personal loan can help you manage your financial needs, whether it's for home renovations, medical emergencies, or consolidating debt. However, before committing to a loan, it's crucial to plan your repayments to ensure they fit comfortably withi
The demand for personal and vehicle loans, including two-wheelers and four-wheelers, has surged by 12 per cent in the last four months, according to a report by Teamlease Services.