Budget 2020

Home, consumer loans from NBFCs to become cheaper

New borrowers of NBFCs and MFIs will have to pay lower interest from the first quarter of the new financial year 2021-22. Apart from new borrowers this interest rate reduction will also benefit individuals who have taken floating rate loans such as home loan from these lenders. RBI has released the latest average base rate […]

Budget 2020

Performance of unsecured loans worsening, says India Ratings

With deteriorating financial conditions of borrowers, the performance of unsecured assets classes, including microfinance loans and unsecured business loans, is worsening, according to a report by India Ratings and Research. For secured asset classes, the agency said, it has a stable performance outlook given the recovery in the economy in FY22. “The performance of unsecured […]

Budget 2020

PNB Housing Finance, YES Bank sign strategic co-lending pact for retail home loans

on Friday said it has tied up with for a strategic co-lending service that will facilitate retail home loans at competitive rates. PNB Housing and Yes Bank will synergise capabilities to provide an efficient and seamless experience to existing and new retail home loan customers, PNB Housing Finance said in a regulatory filing. This strategic […]

Budget 2020

More women borrowed personal loans in pandemic: Report

More women have resorted to unsecured personal loan borrowings rather than home loans or auto loans during the pandemic, according to a report. Personal loans, which are typically consumption loans borrowed without any security to meet expenses, have witnessed a 23 per cent year-on-year rise in the number of women borrowers in the first nine […]

Budget 2020

Home loan demand for mid, high-range properties on the rise: Magicbricks

MUMBAI: Good deals for mid and high-range properties continue to attract prospective property buyers as around 46% of the consumer preference is towards buying apartments now in the range of Rs 30 lakh-Rs 1 crore and above category, with most of the demand being generated from the key residential markets of Bengaluru, Hyderabad and Delhi, […]

Budget 2020

RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-operative Bank; fresh loans, deposits restricted

The Reserve Bank on Friday said it has barred Karnataka-based Deccan Urban Co-operative Bank Ltd from granting fresh loans or accepting deposits and customers cannot withdraw more than Rs 1,000 from their savings account for a period of six months. The lender has also been asked not to make fresh investments or incur any liability […]

Budget 2020

LIC Housing Finance disburses Rs 1,331 crore of loans via mobile app

on Friday said it has disbursed Rs 1,331 crore worth loans through its mobile banking app in the last one year. It said the ‘Homy’ app facilitated 14,155 customer home loan applications since its launch on February 14, 2020. More than 7,300 of these customers have had their home loans sanctioned. Of these, loans were […]

News Headlines

Which financial ratios tell you best about the health of a bank

The banking sector truly reflects the health of the economy. A bank must maintain a balance between growth and risk. Analysis of banking stocks is not like analyzing stocks of any other business. Banks get funding through deposits or debt in order to have liquidity to extend as loans and to invest to generate treasury […]