Good Reasons to Consider Taking Personal Loan

There are many reasons to take out a loan including for a big purchase, to complete a home improvement project or to keep up on old bills that continue to accrue interest. Whatever the reason, personal loans are popular primarily because they are unsecured. This means you don’t attach collateral such as your car or home. There are a few good reasons More...

by admin | Published 1 month ago
By admin On Tuesday, August 22nd, 2017
0 Comments

Benefits of Flexi EMI

Purchasing your own home is an important financial goal in life.Having your own home also means that you do not have to deal with the whims of your landlord and move in and out of multiple homes. Like most individuals, More...

By Loknath Das On Saturday, August 19th, 2017
0 Comments

bxblue wants to move payroll-secured loans online in Brazil

Payroll-secured loans are a $40 billion a year business in Brazil, but that business largely happens offline. A startup in Y Combinator called bxblue wants to change that by creating a marketplace for borrowers More...

By Loknath Das On Tuesday, August 1st, 2017
0 Comments

ICICI Bank’s Shares Down 3% As Bad Loans Rise, Weak Q1 Profit Growth

New Delhi: ICICI Bank shares today declined by 3 per cent after the private bank reported a marginal rise of 3.5 per cent in consolidated net profit for the first quarter of current fiscal on asset quality woes. After More...

By Loknath Das On Sunday, July 23rd, 2017
0 Comments

Despite 21% spike in bad edu loans, banks ready to lend for higher studies

Despite increasing number of students not paying back their loans spiking NPAs to over 10 per cent, lending continues for higher education with the disbursals topping Rs 20,000 crore in fiscal 2017, according to More...

By Loknath Das On Friday, June 30th, 2017
0 Comments

Loan Demand To Pick Up To 15% In 2017-18: Report

New Delhi: Loan growth in the country is expected to pick up to 15 per cent in 2017-18, from 9.1 per cent in the previous fiscal, as demonetisation shock fades, says a report. According to a Bank of America Merrill More...

By Loknath Das On Tuesday, June 13th, 2017
0 Comments

SBI cuts interest rate on home loans twice in two months

The State Bank of India (SBI) on Friday announced reduction in home loan interest rates by 10 basis points (bps) for salaried women who take a loan of above Rs 75 lakh, effective from June 15. “Home loans above More...

By Loknath Das On Tuesday, June 6th, 2017
0 Comments

States to waive USD 40 bln in farm loans by 2019 elections

With Maharashtra following Uttar Pradesh on farm loan waiver, a report by Bank of America Merrill Lynch today warned that USD 40 billion, equivalent to 2 per cent of GDP, will be written off in the run-up to 2019 More...

By Loknath Das On Monday, May 15th, 2017
0 Comments

House prices fall again as investment loans drop to lowest level in 10 months

Treasurer Scott Morrison repeated that there were no “silver bullet solutions to making housing more affordable”.  Photo: Alex Ellinghausen   Home loans to investors have fallen to the lowest More...

By Loknath Das On Saturday, May 13th, 2017
0 Comments

What is the lowdown on the directive to RBI on bad loans

The Central government has amended the Banking Regulation Act to give more powers to the Reserve Bank of India (RBI) to fast-track resolution of stressed assets in a time-bound manner. Section 35A of the Act was More...