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IANS 06 February 2024
India’s retail lending showed moderated growth during the quarter ending September 2023 as financial institutions tightened the supply of credit, especially on consumption-led products like credit cards, consumer durable loans and personal loans.   Credit performance, as measured by...

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IANS 01 February 2024
The government on Thursday announced a Rs1 lakh crore-corpus for youth for long-term financing and refinancing that will help young entrepreneurs innovate and grow at scale in the sunrise industries.   Presenting the Interim Budget in the Lok Sabha, finance minister (FM) Nirmala...

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Sponsored Post 29 January 2024
Your credit score is crucial to determining your eligibility for loans and other financial products. In India, the CIBIL score is a widely recognised metric used by lenders to assess an individual's creditworthiness. In this blog, we'll explore the significance of a strong CIBIL score,...

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IANS 16 January 2024
The Reserve Bank of India (RBI) on Monday issued a draft circular which proposes to harmonise regulations of housing finance companies (HFCs) with that of non-banking finance companies (NBFCs) in several areas such as minimum capital requirement and deposit-taking rules.   RBI said it...

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Thomas Franco (CENFA) 22 December 2023
The five state election results are being analysed from various angles. Communal polarisation, EVM manipulation, and welfare schemes are the ones being discussed much more.   Let us analyse the bank loans under a few schemes in these five states.   Mudra Loan:   This...

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IANS 15 December 2023
The State Bank of India (SBI) has hiked its base rate of lending from 10.10 per cent to 10.25 per cent which is likely to lead to an increase in the EMIs of home, auto and personal loans.   The increase in the marginal cost of lending rate (MCLR) of the country’s leading bank now...

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IANS 13 December 2023
In a major development in the Mahadev Online Books betting money laundering case, one of the owners of the app, Ravi Uppal, has been detained by the Dubai police in UAE, sources said.   The sources said that Mr Uppal has been detained on the basis of the Red Notice issued against him...

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IANS 11 December 2023
The Reserve Bank of India (RBI) on Monday issued a warning on misleading advertisements enticing borrowers by offering loan waivers.   There are reports of such entities charging a service/legal fee for issuing ‘debt waiver certificates’ without any authority.   These entities...

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Moneylife Digital Team 11 December 2023
The recent judgement by the Supreme Court of India on the time-bound redemption rights of borrowers is advantageous for asset reconstruction companies (ARCs) as it protects genuine auction purchasers, reduces uncertainty, and maintains the sanctity of the auction process. The judgement is...

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IANS 08 December 2023
The Reserve Bank of India (RBI) will soon lay down the regulatory framework for web-aggregation of loan products since the customers are being harmed now, said the Central bank Governor Shaktikanta Das.   “Several concerns relating to such web-aggregation of loan products harming...

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Shirish Shanbhag 07 December 2023
For any meeting that is conducted in a cooperative housing society (CHS), a record of the minutes that contains the proceedings of the meeting and any decisions made therein is an absolute must. Ideally, the minutes should include the type of meeting they relate to, its date, time and venue,...

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Moneylife Digital Team 06 December 2023
Holding State Bank of India (SBI) and SBI Life Insurance Co Ltd (SBI Life) guilty of unfair trade practice and deficiency in service in rejecting the death insurance claim of a borrower of a home loan, the national consumer disputes redressal commission (NCDRC) directed them to settle the...

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Sponsored Post 01 December 2023
CIBIL score is a three-digit number that reflects your creditworthiness. It plays a vital role in securing favourable terms and interest rates on a Personal Loan. In this blog, we'll explore how leveraging your CIBIL score opens doors to better Personal Loan options, turning your dreams into...

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Moneylife Digital Team 23 November 2023
The latest notification by the Reserve Bank of India (RBI) to increase the risk weights for consumer credit exposure (mainly on unsecured asset classes) of banks and non-banking financial companies (NBFCs) by 25% is likely to impact the loan sell-downs of personal loan retail pools which had...

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IANS 20 November 2023
Data and management commentaries across non-banking finance company (NBFC)/banks suggest rising delinquencies in unsecured loans, especially in small ticket size personal loans (STPL), less than Rs50,000, and loans sourced via fin-tech partnership, foreign brokerage Nomura said in a...

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IANS 17 November 2023
A Delhi court has dismissed a suit filed by the State Bank of India (SBI) for the recovery of Rs 13.51 lakh, along with interest, against a loan defaulter, who had passed away.   District Judge Surinder S. Rathi stressed on the proactive responsibility of banks, especially a leading...

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IANS 17 November 2023
The RBI on Thursday announced an increase of 25 percentage points in the risk weightage of consumer credit exposure of commercial banks and NBFCs from 100 to 125 per cent.   "The RBI has decided to increase the risk weights in respect of consumer credit exposure of commercial banks...

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Moneylife Digital Team 07 November 2023
While upholding an order passed by the state commission, the national consumer disputes redressal commission (NCDRC) directed L&T Housing Finance Ltd to pay Rs3 lakh compensation with 6%pa (per annum) interest and Rs25,000 cost for failing to return the original title deeds of a borrower in a...

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Sponsored Post 03 November 2023
Personal loan apps have emerged as a versatile and easily accessible solution to meet various monetary requirements. Whether you need funds for unforeseen medical expenses, a home makeover project, or that long-awaited dream vacation, personal loan apps can provide swift access to the...

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Sponsored Post 30 October 2023
The ever-popular iPhone is undoubtedly one of the highest-selling phones in the high-end segment market. Its cutting-edge technology and sleek design make it more than just a smartphone. However, the hefty price tag often makes it seem like a distant dream for many, and with every new launch...

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