The scheme offers collateral-free loans of up to Rs 2 lakhs at a marginal interest rate of 6.75 per cent through 12 public sector banks. So far over 3.10 lakh loan applications have been received by banks and over 1.58 lakh sanctioned. Loans under the scheme are disbursed to over 1.28 lakh a
The collection efficiency trend for unsecured asset classes, such as microfinance loans, personal loans and unsecured SME loans, has seen weakening performance in the last few months, rating agency ICRA said on Thursday.
Pune (Maharashtra) [India], March 13: A low credit score is a common reason for the rejection of loan applications or unfavourable terms. A poor score indicates a higher level of risk for the lending bank or NBFC, making it more difficult for borrowers to secure the desired loan amounts, qui
"I have a handy dandy chart here that shows not just Canada but the rate of tariffs across the board. If you look at Canada, since you brought it up, American cheese and butter have a nearly 300 per cent tariff. You look at India, 150 per cent tariff on American alcohol. Do you think that's
Mumbai (Maharashtra) [India], March 13: Shriram Finance, a leading Non-Banking Financial Company (NBFC) in India, offers compelling fixed deposit interest rates, allowing potential investors to make the most out of their hard-earned money in a stable way.
"With benign inflation this month and going forward, we expect a cumulative rate cut over the cycle could be at least 75 basis points, with successive rate cuts in next policy April and June 2025. With an intervening gap in Aug'25, the rate cuts cycle could restart from Oct'25, says the repo
Core inflation edged higher in February, mainly due to a surge in gold prices, but the stabilization of global edible oil prices and expectations of a normal monsoon suggest a favourable food inflation trend in the coming months.
State's Parliamentary Affairs Minister Ratan Lal Nath stated that the session dates were finalised with inputs from the opposition to ensure effective deliberation.
"The wages of Khadi artisans will be increased by 20 per cent from April 1, 2025. Presently, spinners get Rs 12.50 for spinning per hank on the charkha, which will be increased by Rs 2.50 from April 1, 2025. As per the increased rate, they will now get Rs 15 per hank spun. The Government has
Smriti Mandhana endured a tough Women's Premier League (WPL) 2025, both as a captain and a batter. Leading a team that failed to reach the knockout stage and struggling with inconsistent performances herself, it was a season to forget for the Royal Challengers Bangalore (RCB) skipper. The de
Tamil Nadu Chief Minister MK Stalin on Wednesday launched a scathing attack on the central government, labelling the National Education Policy (NEP) as a "saffronise policy" aimed at promoting Hindi rather than developing India, alleging that the policy threatens to destroy Tamil Nadu's e
Fitch Ratings has affirmed Adani Ports and Special Economic Zone Limited's (APSEZ) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' and removed it from Rating Watch Negative (RWN), while maintaining a Negative Outlook.