LIC Housing surpasses pre-Covid business levels in September

Mortgage lender LIC Housing has surpassed pre-Covid business levels in September and expects the momentum to continue with the onset of the festive...

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55% borrowers want to restructure their loans, finds Paisabazaar Survey

A survey conducted by Paisabazaar.com found that 55% of its respondent would approach their lender to restructure their loans. Further, within those...

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Banks are free to restructure loans, but can't penalise borrowers availing moratorium benefit, SC told

Banks are free to restructure loans but they cannot penalise honest borrowers by charging interest on deferred EMI payments under the moratorium...

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Cyber-bullying, harassment, shaming done by collection agents of digital lenders on missed dues

Hundreds of customers have taken to social media to complain of intimidation and harassment by collection agents of online loan applications, reports...

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Pay Day Loan Apps Harass Borrowers as Defaults Rise

Pravin Kalaiselvan, owner of a travel company, was in for a shock on March 25, two days after the lockdown first began, when his father allegedly...

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Personal loans are now 28% of total bank credit

The share of personal loans in the books of banks has outgrown credit to large industry over the last 12 months, writes The Times of India.

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Banks have not passed on RBI's rate cuts to borrowers in 2019: Economic Survey

It appears that there has been no transmission of the cut in repo rate to lending rats of banks in 2019, says the Economic Survey

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SBI will hike margin over repo rate in new loan scheme from October 1 2019, as per risk

State Bank of India will charge additional spread/margin over the repo rates in case of borrowers in specified situations where risk is seem to be...

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RBI Orders Banks to Link Retail, MSMEs Loans to External Benchmarks

The Reserve Bank of India (RBI) has made it mandatory for banks to link loans to retail customers and micro, small and medium enterprises (MSMEs) to...

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SBI announces Repo Rate linked Home Loans from July

State Bank of India (SBI) has announced that it will link the price of its home-financing products to the central bank’s repo rate. Starting...

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