TopicLoans

Topic: Loans

Loan demand at SBI rising despite inflation, higher borrowing costs, says chairman

Anto Antony - 13 June, 2022

Loan growth at India's biggest lender is expected to be robust, underpinned by demand from businesses after two straight years of credit contraction.

Indians are opting for ‘buy now, pay later’ schemes for festive season shopping

Suvashree Ghosh - 11 October, 2021

Rising vaccination rates & declining Covid cases are fueling optimism that people are more willing to spend this year. Consumers are now turning to installment plans from retailers.

Only 1.6% loans to street vendors under PM SVANidhi so far have come from private banks

Moushumi Das Gupta - 3 April, 2021

Of total loans disbursed to over 20 lakh street vendors until 29 March, PSBs gave loans to over 18 lakh applicants while private banks distributed loans to just 32,534.

Every 4 out of 5 small businesses opted for RBI’s moratorium, but asset quality in question

Manojit Saha - 30 December, 2020

The latest data indicates the stress the MSME sector faced after the lockdown. The central bank has also warned of a sharp rise in bad loans.

Chinese national, 3 others arrested in Hyderabad ‘instant loan’ apps case

PTI - 25 December, 2020

The accused had developed 11 Instant loan apps, offering loans to individuals and levying hefty penalties in case of defaults, police said.

Hyderabad police find ‘Chinese link’ in instant loan apps cases that ‘drove 3 to suicide’

Rishika Sadam - 24 December, 2020

Police say unauthorised lenders shamed, harassed and even threatened borrowers online, links have been found to Indonesia and a 'Chinese national'.

In just 5 years, private banks have narrowed public sector’s huge lead in loans & deposits

Manojit Saha - 24 November, 2020

Private banks’ market share in loans has risen to 36.04% in 2020 from 21.26% in 2015, while public sector banks’ share has gone to 59.8% from 74.28%.

As interest-on-interest gets credited today, only one way you can withdraw the amount

Manojit Saha - 5 November, 2020

Borrowers of loans up to Rs 2 crore will receive the interest-on-interest credit for the 1 March-31 August period today, in accordance with the Supreme Court order.

Why Modi govt’s interest-on-interest ‘Diwali gift’ is good for India’s credit culture

Ila Patnaik - 30 October, 2020

Waiver of interest-on-interest for all during the moratorium can minimise moral hazard. Keeping it selective would've run the risk of hurting credit culture.