Muthoot Finance eyes disbursal of Rs 300 crore personal loans

Kerala-based Muthoot Financehas set a target to disburse Rs 300 crore personal loans during the current financial year, a top company official said on Wednesday. The company, which had earlier offered gold loans announced its foray into the personal loan category aimed at serving salaried individuals. “We have noticed a lot of gold loan customers More...

by Loknath Das | Published 2 weeks ago
By Loknath Das On Thursday, July 5th, 2018
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‘Small loans rise 4 times faster than total credit’

Small ticket, unsecured loans have grown four times as much as the overall banking sector’s credit growth, according to a study by Crisil Research. The report said between financial years 2015 and 2018, unsecured More...

By Loknath Das On Thursday, July 5th, 2018
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Unsecured Loans Grew Four Times the Bank Credit in Last Three Years

Mumbai: Unsecured bank loans have grown four times the bank credit during the past three years, helped by a rise in discretionary spending, technology-driven disbursements and lower interest rates, says a report. Unsecured More...

By Loknath Das On Saturday, June 30th, 2018
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Banks mull common portal to offer competitive personal, housing & other retail loans

The government also wants PSBs to use new financial technologies to make business transactions quicker and hassle-free. NEW DELHI: State-run banks are mulling a common portal where they could offer competitive More...

By Loknath Das On Monday, June 25th, 2018
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Surprise! Student Loan Forgiveness Isn’t Free

(AP Photo/Sheridan Press, Jordan Edgcomb) If you thought that student loan forgiveness is free, guess again. There’s a hidden cost you need to know about – and it could cost you significantly. Here’s More...

By Loknath Das On Monday, June 25th, 2018
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Satya MicroCapital reaches 1 lakh active loan clients, disburses Rs 300 crore in total loans

From reaching 1,000 entrepreneurs in our first 100 days, Satya has now reached out to 1 Lakh entrepreneurs in around 500 days of being active Micro financing group Satya MicroCapital has crossed 1 lakh active More...

By Loknath Das On Monday, June 25th, 2018
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The booming loan market is getting riskier

Hans Neleman | Getty Images The leveraged loan market is one corner of the credit markets that is thriving in the face of rising interest rates. But red-hot demand for such loans in the past year is raising red More...

By Loknath Das On Saturday, May 12th, 2018
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Now Transfer Loans Using Bitcoins Via This German Online Bank

Clients hold the loans in digital tokens like Bitcoin only for seconds or minutes. German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin. More...

By Loknath Das On Saturday, May 12th, 2018
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Online Bank in Germany Uses Bitcoins to Transfer Loans

German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin. Bitbond uses cryptocurrencies like Bitcoin to bypass the Swift international transfer More...

By Loknath Das On Saturday, May 12th, 2018
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German online bank uses Bitcoins to transfer loans

BERLIN (Reuters) – German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin. FILE PHOTO: A token of the virtual currency Bitcoin More...