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 to evaluate multiple loan options all in one place. In Brazil, one of the more popular personal loan products is available to government More...

by Loknath Das | Published 21 hours ago
By Loknath Das On Tuesday, August 1st, 2017
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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
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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
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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
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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
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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
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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
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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...

By Loknath Das On Sunday, April 30th, 2017
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PNB loans to get cheaper as bank cuts MCLR rates from May 1

Public sector lender Punjab National Bank has decided to cut its marginal cost of funds-based lending rate (MCLR) by 10-15 basis points across different maturities from May 1. The revised MCLR, the internal benchmark More...

By Loknath Das On Saturday, April 22nd, 2017
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Win win Healthy loan portfolio, bad loans under check

BL RESEARCH BUREAU:   HDFC Bank’s performance during the latest March quarter has not deviated much from the past, except for the increase in provisioning. In fact, loan growth that had slowed over the past More...