Bad loans crisis: A responsible lender must advise clients on saving, spending

From a lender’s point of view, responsible lending is to act in a customer’s best interests, ensuring affordability, transparency of terms and conditions and supporting a borrower if they experience repayment difficulties. Lenders have a responsibility to make sure borrowers understand the details of a loan and carry out thorough checks on any More...

by Loknath Das | Published 19 hours ago
By Loknath Das On Wednesday, July 19th, 2017
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RBI Seen Reducing Key Interest Rate In August, Say Experts

New Delhi: With inflation falling to record low levels and industrial growth slipping to below 2 per cent, bankers and economists feel the pressure has increased on the Reserve Bank of India to cut the benchmark More...

By Loknath Das On Wednesday, July 12th, 2017
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Have Zero Tolerance On Bad Loans; Fight Cases: Finance Ministry To Banks

New Delhi: Unfazed by the Gujarat High Court order staying bankruptcy proceedings against Essar Steel, the finance ministry has asked banks to maintain zero tolerance against bad loans and be prepared to fight More...

By Loknath Das On Monday, July 10th, 2017
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Have Zero Tolerance On Bad Loans; Fight Cases: Finance Ministry To Banks

New Delhi: Unfazed by the Gujarat High Court order staying bankruptcy proceedings against Essar Steel, the finance ministry has asked banks to maintain zero tolerance against bad loans and be prepared to fight More...

By Loknath Das On Sunday, July 9th, 2017
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Do You Qualify for a Small Business Loan?

Do you know what it takes to qualify for a small business loan?  The small business loan qualifier tool below, brought to you in partnership with Biz2Credit, helps you understand how a lender will view your small More...

By Loknath Das On Saturday, July 8th, 2017
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Have Zero Tolerance On Bad Loans; Fight Cases: Finance Ministry To Banks

New Delhi: Unfazed by the Gujarat High Court order staying bankruptcy proceedings against Essar Steel, the finance ministry has asked banks to maintain zero tolerance against bad loans and be prepared to fight More...

By Loknath Das On Thursday, July 6th, 2017
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Axis Bank Launches Super Bike Loans; To Fund 95% Of Costs

Mumbai: As the higher engine displacement ‘super bikes’ catch fancy of the Indian consumer, Axis Bank on Wednesday introduced a special loan product, offering to fund up to 95 per cent of the costs. The More...

By Loknath Das On Thursday, July 6th, 2017
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Indian Bank Revises Interest Rates For Foreign Currency Non-Resident Deposits

Chennai: Indian Bank has revised its interest rates for foreign currency non-resident banking deposits, with immediate effect. “Revised interest rates have been fixed at 2.43 per cent for deposits of one More...

By Loknath Das On Wednesday, July 5th, 2017
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Indian Bank Revises Interest Rates For Foreign Currency Non-Resident Deposits

Chennai: Indian Bank has revised its interest rates for foreign currency non-resident banking deposits, with immediate effect. “Revised interest rates have been fixed at 2.43 per cent for deposits of one More...

By Loknath Das On Tuesday, July 4th, 2017
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Yes Bank Board To Consider Stock Split Proposal This Month

  New Delhi: Private sector Yes Bank will consider the proposal to divide the equity share of the company in a board meeting to be held later this month. “A meeting of the board of directors of Yes Bank More...