Germany on Monday committed about EUR 1.3 billion in India, primarily in the form of concessional loans, across the key areas of climate and energy, sustainable urban development, green urban mobility, and sustainable management of natural resources.
With the cut in repo rate, which will eventually lead to lowering down the lending rates by the banks and the Housing Finance Companies, it will make home loans more affordable, supporting homebuyers and strengthening the housing demand.
New Delhi [India], December 4: Survika Traders Private Limited is becoming a reliable name for people who need quick and fair loans. The company works as an RBI registered NBFC. It follows all rules under the NBFC ND guidelines. People choose it because they offer fast decisions and honest t
Dubai [UAE], December 3: GlobCred, a fast-scaling global fintech headquartered in Dubai with strategic operations across Mumbai, Dubai, and London, is transforming access to international education. Today, it announced a major milestone as it reached an annual sanctions run-rate of USD 65 mi
New Delhi [India], December 2: Pradhan Mantri Awas Yojana (PMAY) is the Government of India's flagship housing subsidy scheme aimed at achieving the vision of "Housing for All." Launched in 2015, the scheme supports the construction or purchase of houses by offering interest subsidies on Hom
RBI highlighted an expanded digital complaint footprint, improved disposal efficiency, and increasing concerns around loans, credit cards and digital frauds.
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.
The Government of India and the Asian Development Bank (ADB) have signed agreements for three loans worth over USD 800 million for projects in Maharashtra, Madhya Pradesh and Gujarat.
Mumbai (Maharashtra) [India], November 28: CarePal Money, India's first integrated healthcare lending marketplace and a subsidiary of CarePal Group (which also houses medical crowdfunding leader Impact Guru), today announced that it has crossed an annualized disbursement run rate of Rs. 100
The growth, it said, is supported by heightened demand for gold loans, auto loans, and a resurgence in personal loans and credit cards. PSU banks further consolidated their leadership across several major loan categories.
The unsecured MSME business loans, which comprise nearly 6% of NBFC AUM, have seen an increase in delinquencies amidst higher borrower leverage and adjacencies with the microfinance customer segment, Crisil Ratings said.
The recent Goods and Services Tax (GST) cuts have given a fillip to unit sales across vehicle categories, particularly cars, and this momentum is likely to continue with a steady growth of 16-17% over this fiscal and the next.