Mallya's comments came a day after country's largest lender, State Bank's Chairman O P Bhatt said that rising levels of stressed assets may push up defaults in the domestic banking system and banks need to enhance their risk management mechanisms to tackle the issue. However, BoB has a comfortable liquidity position and has its NPA levels under control, Mallya said, adding, "the bank has adequate headroom to raise capital but did not have any immediate plans to do so."
A personal loan is always a risky alternative finance with a higher rate of interest and it is better to close the loan as early as possible.
How your personal loan interest rate is calculated and what you must know before going for prepayment.
But before borrowers jump in joy they must know about the drawbacks too!
Even with its flaws, Toh, Ti Ani Fuji stays with you because of how real it feels, notes Mayur Sanap.
Before you rush out to get a personal loan, it is important for you to understand the pros and cons of personal loan, in order to make an informed decision.
A case has been registered against five people, including an 85-year-old man, for allegedly assaulting a woman court official during a flat foreclosure procedure in Thane, Maharashtra.
Personal loans could well be the answer to many immediate financial needs. However, with the myriad of loans available in the market, each claiming its competency, how do you ensure you do not end up in a bad debt or a huge loan liability?
A primer on how to choose correctly between swiping your card and applying for a loan...
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
A 16-year-old boy in Kanpur, India, allegedly stabbed his 15-year-old classmate to death at a wedding venue over an unpaid debt of Rs 500.
The Supreme Court has ordered a 'fair, dispassionate, transparent, and time-bound' investigation by the CBI and ED into the Anil Dhirubhai Ambani Group, addressing concerns over alleged large-scale banking fraud and demanding accountability.
A Delhi court has requested clarification from the Ministry of External Affairs regarding the extradition status of a former managing director of Bush Foods Overseas Pvt Ltd and his wife, who are residing in London, in connection with a money laundering case linked to an alleged Rs 750-crore bank loan fraud.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Top-up loan, is a facility by which an individual who has an existing home loan gets a chance to borrow additional money from the housing loan company at an interest rate that matches the home loan.
Private banks and start-ups offer instant loans on apps as well as through ATMs.
What if you could have an option apart from personal loan in times of crisis?
Kanpur police have uncovered a GST fraud racket where suspects used unsuspecting individuals' documents to create fake firms and route transactions worth nearly Rs 250 crore.
The Reserve Bank of India (RBI) has allowed banks to grant need-based working capital loans to manufacturers using gold as raw material, extending the provision currently available only to jewellers. Banks are generally prohibited from lending for the purchase of gold/silver in any form, or lending against the security of primary gold/silver.
In the rush to complete tax-saving investments at the end of the financial year, many taxpayers choose instruments that do not match their long-term financial goals.
rediffGURU T S Khurana answers readers' personal income tax queries
'LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.'
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
A disruption in the supply of LPG cylinders caused by tensions in the Strait of Hormuz is impacting Indian kitchens, leading to restaurant closures, price hikes and a surge in demand for electric cooktops.
HDFC Bank's leadership addresses the sudden resignation of its chairman, citing ethical concerns, and attempts to reassure stakeholders about the bank's governance and future stability.
'The rise in SIP contributions has created a pool of long-term MF assets that can be pledged for loans.'
A Pune-based businessman has accused self-styled godman Ashok Kharat of defrauding him of Rs 6 crore (600,000) under the guise of helping him establish a logistics business abroad. This is the eighth case registered against Kharat, who is already in police custody on separate charges.
Buyers should understand the distinction between the losses the policy covers, those that need add-ons, and those it excludes.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Banks are witnessing a surge in hiring for sales staff in secured segments such as home, vehicle and gold loans as compared to the recovery category, driven by a boost in business growth, and a host of regulatory measures aimed at improving ease of doing business, according to industry experts.
A couple has been arrested in Greater Noida for allegedly defrauding multiple people by selling the same flat multiple times after mortgaging it to a bank.
Congress leader Sachin Pilot accuses the BJP of indirectly supporting the ruling LDF in the upcoming Kerala Assembly elections, alleging a hidden alliance for mutual benefit.
The Enforcement Directorate (ED) has filed a prosecution complaint against Anil Nutrients Ltd, its director, and six others in connection with a money laundering case involving an alleged fraud of Rs 47.88 crore with Bank of India.
You can bargain with your bank and get a personal loan at a cheaper rate. It always helps if you approach more than one bank with your loan application.
Harshala Chandorkar of CIBIL will answer your queries on personal loans in an online chat between 3 pm and 4 pm on November 18.
This central registry will help banks, financial institutions and non-banking finance companies get mortgage details of consumers before issuing loans against property. The personal loan score will provide details on the likelihood of customers becoming 91 days delinquent on a personal or consumer loan over the next 12 months. It will range between 300-900, indicating the levels of default. A home loan repository and a fraud repository will also be launched soon.
You need to think of the costs and prepayment charges before taking one but it is better than revolving credit on your card.
The Indian banking sector could be due for a rise in profitability after several quarters of net interest margin (NIM) compression. The Q2FY26 results suggest NIMs have bottomed out.
AIADMK general secretary Edappadi K Palaniswami has announced a series of welfare measures, including free refrigerators for rice ration cardholders, if the party wins the 2026 Assembly election in Tamil Nadu.
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