They definitely need a ramp of their own.
The Budget should use the extra RBI surplus to better effect, suggests A K Bhattacharya.
In mid-March this year, the finance ministry asked state-run banks to review their gold loan portfolio for the two-year period between January 1, 2022, and January 31, 2024. This business had grown at a fast clip. Reserve Bank of India (RBI) data has it that it grew 15 per cent to Rs 1 trillion in FY24. Now, in recent times, any kind of exuberance in financial services has seen the authorities swoop down - be it pushing the lines on governance or unsecured credit.
Modi has proven to be a past master in the art of political survival. This means that learning to navigate the choppy waters of coalition government will be an art he will not take long to master, argues Shyam Parekh.
It's unfair, isn't it? That good borrowers are not rewarded for their discipline and are forced to subsidise indisciplined borrowers who may pose higher credit risk...
'Higher inflows into these securities should lead to lower borrowing costs for the government.'
'A lot of people -- whether farmers, students or businessmen -- think when they take a loan, that everything will go well and they will pay back.' 'Sometimes, things don't go well.'
Parliament has approved a gross borrowing for Rs 7.1 lakh crore for the entire 2019-20 fiscal.
In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with just 17 per cent in the June quarter of FY20, points out Tamal Bandyopadhyay.
Not borrowing money can give you peace of mind. So go and get peace of mind instead of consumer debt.
Since January 2015, the central bank has lowered its policy rate.
The government will pare its borrowing in the second half of the financial year, thanks to higher-than-expected revenues from the auction of telecom licences and buoyant tax receipts.
Ahead of its Rs 18,000 crore further public offer (FPO), Vodafone Idea on Monday said it expects to roll out 5G services in select pockets within 6-9 months of raising fresh capital. Its chief executive Akshaya Moondra said rollout of the modern 5G telecom services is one of the objectives of raising the capital from the public and once the funding comes, it will start work on the rollout. "With this round of funding, we believe we will be able to (come) back to participate in the industry growth which has not been possible," he said.
In the battle for 2024, the place is hogging the limelight, primarily because of Rajesh Ranjan alias Pappu Yadav, who according to some opinion polls, may turn out to be the dark horse when votes are counted on June 4.
The government is expected to raise Rs 5,000 crore (Rs 50 billion) in the first week of February even as market borrowing declined 27 per cent to Rs 96,000 crore (Rs 960 billion) till January 20, 2005.
The taxpayers and honest borrowers suffer when a big entity defaults.
As a home loan borrower, it is very important to understand what a teaser loan is and what the implications in short- and long-term are.
SBI Cards & Payment Services reported mixed results for the January-March quarter (Q4) of FY24. While it managed to deliver strong earnings growth, it saw a perceptible decline in net interest margin (NIM) and suffered deteriorating asset quality. Taken together, the market was disappointed with the share dropping 3.5 per cent.
Much to the delight of borrowers, home and car loan rates came down to as low as 8 per cent, the lowest in six years, during the year.
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Ledger entries in NSEL books show no record of T+2 leg of the paired trades with borrowers.
Funds raised by India Inc. through offshore loan syndication hit a 15-year high in 2023 with companies and banks raising $21.4 billion, the highest since 2007. The momentum is expected to continue in 2024 as well with over $4 billion fund raising expected in the first three months of this year. Companies raise funds, both onshore and offshore, depending on interest rates and activities. Funds raised offshore can be deployed in overseas activities.
The FinMin has built up a cash surplus of about Rs 80,000 crore.
'The stabilisation of interest rates followed by reduction is going to happen over the next year.'
The government is expected to wait till January for announcing its higher borrowing requirement for the financial year, instead of incorporating it in the second half loan calendar to be issued later this month.
While the total disbursement of housing loans by PSBs as well as HFCs witnessed a deceleration in 2016-17, there was significant growth for the lower slabs
The RBI, which has no interest or mechanism to get feedback from bank customers, is unaware of this. If made aware, it remains silent, proving that it has no problem in allowing lenders to short-change its customers, says Debashis Basu.
In a major move aimed at encouraging small investors to become direct investors in government bonds or stated simply to an infinite source of lending to the government, the Reserve Bank on Friday said it will allow them to directly buy government debt, making India the first Asian country to do so and among a handful globally.
'It is the first-time voters and the agnostics who are often influenced by political advertising.' 'These swing voters tend to make a huge difference in the outcome of any election.'
The difference between Cibil and other marketplaces is that in the case of the latter the credit report is accessed after the customer clicks the loan offer, while in the case of Cibil the customer first checks the credit score and then applies for the loan.
This is your guide to nailing sexy-sophisticated-chic. Angry Indian Goddesses, Sacred Games, Trial By Fire, Joram.
Finance Minister Nirmala Sitharaman on Thursday made a modest increase of 11 per cent in capital expenditure (capex) to Rs 11.11 lakh crore for the next financial year as private investment picks up. The government had hiked capex by 37.5 per cent to Rs 10 lakh crore for the current fiscal. Against this, the government expects to spend Rs 9.5 lakh crore in the financial year ending March 2024.
Sahoo panel suggests India must ease global borrwoging norms for corporate houses.
The banking regulator, RBI, has come out with suggestions that would bring down the costs for the home loan borrowers in India and also bring in more transparency in the market.
The riverine Sandeshkhali area in West Bengal's North 24 Parganas district -- situated on the borders of the Sunderbans, about 100 kilometres from Kolkata -- has been on the boil for more than a month with protests against Trinamool Congress (TMC) leader Shahjahan, who is absconding, and his supporters.
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