Search result for 'consumer loans'

Digital lenders' portfolio grew 32% to Rs 1.3 lakh crore in 2024, but higher stress seen in some segments. Report highlights asset quality concerns and shift towards prime borrowers.

Canara Bank has reduced its MCLR by 10 bps across all tenors, making loans linked to the benchmark cheaper. The new rate is effective from April 12.

Indian borrowers took out fewer loans during the festive season, according to a report. Cautious lenders, rising household debt, and stricter regulations contributed to the decline.

Bank of Baroda has reduced its lending rates by 25 basis points, following the RBI's policy rate cut. The bank's MCLR remains unchanged.

Congress accuses government of failing to address rising household debt in India, citing stagnant wages and unsustainable credit booms.

The Reserve Bank of India (RBI) has lowered risk weights for bank finance to NBFCs and microfinance loans, a move that will unlock more funds and boost credit. This decision follows a slowdown in...

TVS Credit Services Ltd reported a 40% rise in profit after tax for Q3 FY25, driven by strong growth in consumer loans and vehicle financing. Total income also saw a 12% increase.

HDFC Bank increased its MCLR by 5 basis points on select maturities, impacting loans like auto and personal. The benchmark one-year MCLR remains at 9.45%.

Canara Bank has increased its MCLR by 5 bps across various tenors, making most consumer loans more expensive. The new rates will come into effect from October 12, 2024.

State Bank of India (SBI) raises its MCLR by 10 bps across tenors, impacting consumer loans. This is the third consecutive hike, making EMIs costlier for borrowers. Learn more about the new rates...

Canara Bank has increased its MCLR by 5 basis points across tenors, impacting consumer loans like auto and personal loans. The new rates are effective from August 12, 2024.

Punjab National Bank (PNB) has increased its marginal cost of funds-based lending rate (MCLR) by 5 basis points across tenors, making most consumer loans more expensive. The new rates are effective...

RBI Governor Shaktikanta Das warns of potential liquidity issues if deposit growth continues to lag credit growth, urging banks to maintain a balance between the two. He also flagged concerns over...

CRISIL forecasts inflation to average 4.5% in FY24, with food inflation expected to soften and non-food inflation to remain soft. The report also highlights concerns about rising food prices and...

IndusInd Bank reported a 15% rise in Q4 net profit to Rs 2,349.15 crore, driven by core income growth. The bank also announced a loan growth target of 18-22% for FY25.

India's economy is projected to grow at 6.2% in the next fiscal year, driven by positive credit momentum and manageable macroeconomic conditions. The report highlights factors like rising household...

Fintech firm InCred has achieved unicorn status after securing USD 60 million in funding, led by Ranjan Pai of MEMG. The investment will fuel expansion across consumer, student, and MSME lending.

Kotak Mahindra Bank director sees green shoots in corporate lending, driven by government infrastructure spending and private sector capex. Read more about the investment cycle and RBI's...

Paytm plans to focus on high-ticket loans and reduce loans below Rs 50,000, as merchant loan performance surpasses consumer loans. The company also plans to onboard more NBFC partners.

L''T Finance will reduce bank borrowings and increase market financing to mitigate the impact of rising costs due to RBI's unsecured loan risk weightage increase.

Icra forecasts a temporary slowdown in personal loan securitisation due to increased risk weights for banks and NBFCs. The impact on overall securitisation is expected to be minimal.