News for 'lending'

What Priyanka's Life Looks Like

What Priyanka's Life Looks Like

Rediff.com28 Mar 2025

Priyanka Chopra gives us a glimpse of her 'quick New York moment', and it sure tells us a lot about what's going on in her life right now.

How to Choose Loans Against Property

How to Choose Loans Against Property

Rediff.com11 Jun 2025

'LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.'

Proposed RBI norms may hit gold-loan NBFCs in near term: Analysts

Proposed RBI norms may hit gold-loan NBFCs in near term: Analysts

Rediff.com21 Apr 2025

The Reserve Bank of India's (RBI's) draft guidelines on gold loans, if implemented in their current form, are expected to impact non-banking financial companies (NBFCs) and mid-tier banks in the near term, more significantly than larger banks, according to analysts.

2 years after getting $8 bn, Reliance raises $2.9 bn offshore loan

2 years after getting $8 bn, Reliance raises $2.9 bn offshore loan

Rediff.com16 May 2025

About 55 banks participated in the deal, making it the largest bank group for a syndicated loan in Asia so far this year.

Rahul Gandhi defies ban, addresses students in Darbhanga

Rahul Gandhi defies ban, addresses students in Darbhanga

Rediff.com15 May 2025

Congress leader Rahul Gandhi on Thursday claimed that Prime Minister Narendra Modi had agreed to hold a caste census 'out of fear' of the country's deprived population, to which the opposition was lending its voice.

IndusInd's risk handling under lens: Moody's

IndusInd's risk handling under lens: Moody's

Rediff.com24 Apr 2025

Global Rating agency Moody's on Wednesday said it was reviewing IndusInd Bank's risk management capabilities, and its leadership transition, with the private sector lender grappling with accounting lapses pertaining to its derivatives transactions. "The financial impact of the derivatives losses is quite manageable considering IndusInd Bank's strong capital.

Credit-deposit growth gap widens amid tight liquidity, shows RBI data

Credit-deposit growth gap widens amid tight liquidity, shows RBI data

Rediff.com22 Mar 2025

Banking credit in the economy grew by 11.1 per cent year-on-year (Y-o-Y) in the fortnight ended March 7, while deposits grew at 10.2 per cent during the same period, which is a gap of around 90 basis points (bps), according to the latest data from the Reserve Bank of India (RBI).

Punjab Kings, Royal Challengers set for battle royale

Punjab Kings, Royal Challengers set for battle royale

Rediff.com28 May 2025

Shreyas Iyer's inspiring leadership faces its toughest test yet when Punjab Kings host an equally upbeat Royal Challengers Bengaluru in Qualifier 1 of the Indian Premier League in Mullanpur on Thursday.

Q4 result preview: Banks' net profit likely fell 4% on NIM pressure

Q4 result preview: Banks' net profit likely fell 4% on NIM pressure

Rediff.com15 Apr 2025

Net profit of 19 listed banks is likely to decline by 4 per cent year-on-year (Y-o-Y) for the quarter ended March (Q4FY25) mainly due to pressure on net interest margins (NIM) as a result of rate cut by the Reserve Bank of India (RBI), according to analysts' estimates. Additionally, loan growth is expected to further slowdown amid low demand in certain secured products, stress in the unsecured segment, and a high cost to deposit (CD) ratio across the system.

Cautious state-run banks expect 11-13% credit growth in FY26

Cautious state-run banks expect 11-13% credit growth in FY26

Rediff.com20 May 2025

Despite sharp interest rate cuts expected in this financial year amid easy liquidity conditions, state-run banks are treading cautiously on their loan growth projections for FY26. Most large banks are projecting loan growth at 11-13 per cent, almost similar to the previous financial year.

Can Owaisi, Panda Convince The Saudis?

Can Owaisi, Panda Convince The Saudis?

Rediff.com22 May 2025

Their shared brief: To assert India's case with clarity, rebut hostile narratives, and secure enduring partnerships for global counter-terror cooperation.

Itachuna: Regal, Rich, And A Bit Spooky

Itachuna: Regal, Rich, And A Bit Spooky

Rediff.com2 Jul 2025

Rajbaris are a link to Bengal's rich past, of grand mansions, classical fine dining, and allow guests to be pretend zamindars for those few hours or days that they stay.

Netanyahu's War On Iran Has No Future

Netanyahu's War On Iran Has No Future

Rediff.com16 Jun 2025

An inconclusive end to this war will pose high risk for Netanyahu of a cascading demand for a regime change in Israel, predicts Ambassador M K Bhadrakumar.

India Is A Good Neighbour. Find Out Why

India Is A Good Neighbour. Find Out Why

Rediff.com10 Apr 2025

India's disaster relief assistance has increased substantially in recent years, from Rs 1.60 crore in FY23 to Rs 41.18 crore in FY24, and Rs 27.88 cr in FY25 (until January 2025).

Is BJP The 'Party-Splitter' In TN Too?

Is BJP The 'Party-Splitter' In TN Too?

Rediff.com21 Jun 2025

Successive elections since 2019 have proved that the Modi charisma and Shah's strategy does not work in Tamil Nadu. Now, they have to see next year if the DMK is capable of losing, whether to an existing NDA alliance or an expanded version, if one becomes necessary and possible!, explains N Sathiya Moorthy.

Bad loans in P2P more than doubles to Rs 1,163 cr in FY24

Bad loans in P2P more than doubles to Rs 1,163 cr in FY24

Rediff.com18 Dec 2024

Bad loans in the peer-to-peer (P2P) lending industry more than doubled in financial year 2024 (FY24) to Rs 1,163 crore from Rs 472.1 crore in FY23, said a financial services company on Monday. Non-performing assets (NPAs), as such loans are officially called, were a modest Rs 14.7 crore at the end of FY19 when P2P lending was in its nascent stage, according to Capitalmind Financial Services that accessed data from the Reserve Bank of India (RBI) through a right to information application.

'Investors Prefer A Staggered Approach'

'Investors Prefer A Staggered Approach'

Rediff.com20 May 2025

'While investors believe in India's long-term growth story and resilience amid global uncertainty, they see near-term risks around the direction of a global trade war.'

Narivetta Review: Tovino Thomas Is Exceptional

Narivetta Review: Tovino Thomas Is Exceptional

Rediff.com25 May 2025

Narivetta takes its cue from real-life incidents and fictionalises the ordeal through the experiences of a young cop caught in the crossfire between the police and tribals up in arms, notes Arjun Menon.

Pawan Kalyan's son injured in fire at Singapore school

Pawan Kalyan's son injured in fire at Singapore school

Rediff.com8 Apr 2025

The incident caused burns to Mark Shankar's hands and legs, while smoke inhalation also affected his lungs and he is currently receiving treatment in a hospital there, Janasena Party said in a press release.

Which Shaadi Is Shah Rukh Attending?

Which Shaadi Is Shah Rukh Attending?

Rediff.com25 Feb 2025

Scens from Alekha Advani and Aadar Jain's wedding on February 21.

Adani Group posts record EBITDA of Rs 90K cr in FY25

Adani Group posts record EBITDA of Rs 90K cr in FY25

Rediff.com22 May 2025

Adani Group's portfolio companies posted their highest-ever pre-tax profit (EBITDA) of about Rs 90,000 crore in the fiscal year ended March 31 and had a cash balance to cover 21 months of debt servicing, the ports-to-energy conglomerate said on Thursday. The Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) has more than tripled in six years - from Rs 24,870 crore in 2018-19 to Rs 89,806 crore in 2024-25 (April 2024 to March 2025).

Securitisation volumes see a slump sequentially in Q4FY25, says ICRA

Securitisation volumes see a slump sequentially in Q4FY25, says ICRA

Rediff.com14 Apr 2025

Securitisation - sale of loans to investors - by lenders, including banks and non-banking financial companies (NBFCs), crossed Rs 50,000 crore during the fourth quarter ended March 2025 (Q4F25). This is a tad higher than Rs 48,000 crore during the same period of FY24.

'Quicker credit data updates will aid underwriting'

'Quicker credit data updates will aid underwriting'

Rediff.com18 May 2025

'This helps the consumers secure more favourable terms from CIs.'

'It Really Breaks Your Heart'

'It Really Breaks Your Heart'

Rediff.com4 Jun 2025

'These characters have huge spirits and they are fighting something that is much bigger than them.' 'The attempt was to portray how they navigate their lives, to retain that spirit and not let it die.'

Recipe: Zelda's Black Carrot Halwa

Recipe: Zelda's Black Carrot Halwa

Rediff.com30 Apr 2025

Gajjar halwa made from this dark variety of carrots is slightly more earthy-tasting than standard GH.

150 years of BSE: When 100 banks failed and took stockbrokers with them

150 years of BSE: When 100 banks failed and took stockbrokers with them

Rediff.com27 Apr 2025

Like with all great crashes, some had noticed the cracks. "... cash balances (of banks) seem, from the available indications, to be hopelessly inadequate; and it is hard to doubt that in the next bad times they will go down like ninepins. If such a catastrophe occurs, the damage inflicted on India will be far greater than the direct loss falling on the depositors," said John Maynard Keynes in his May 1913 work "Indian Currency and Finance", written before his path-breaking work in macroeconomics laid the foundation of dealing with global crises.

We are at war with...: Indian Ambassador to US

We are at war with...: Indian Ambassador to US

Rediff.com9 May 2025

India is at war with terrorists and will bring justice to victims of the Pahalgam attack by holding the perpetrators accountable, Indian Ambassador to the US Vinay Kwatra has said. He underscored that India launched 'Operation Sindoor' on May 7, striking terror factories at nine locations in Pakistan and Pakistan-occupied Kashmir in retaliation for the Pahalgam terror attack that killed 26 civilians. Kwatra also criticized Pakistan for its continued support of terrorism and said that the world should be concerned about this.

NBFCs draw flak for lax loan appraisal practices

NBFCs draw flak for lax loan appraisal practices

Rediff.com11 Apr 2025

Reserve Bank of India (RBI) Deputy Governor Swaminathan J criticised some non-banking financial companies (NBFCs) for lax loan appraisal practices and charging excessive interest rates, even as he acknowledged the sector's rapid expansion over the past decade, especially in recent years. "Unfortunately, some NBFCs seem to believe they can operate with weak underwriting in the pursuit of fast growth while levying excessive and unsustainable interest rates - sometimes disguised as upfront or processing fees - followed by aggressive recovery methods in case of default," Swaminathan said at the conference of NBFCs in Chennai last month.

Startups face I-T department heat over funding through Singapore

Startups face I-T department heat over funding through Singapore

Rediff.com24 Apr 2025

The income-tax (I-T) department has issued showcause notices under Section 68 of the Income-Tax Act to several startups over funds routed through Singapore, seeking explanations for investments received over the past five years, people familiar with the development said. The department is questioning the source, identity, and creditworthiness of overseas investors in these transactions, they said.

Odela 2: Tamannaah Rises Above Campy Horror

Odela 2: Tamannaah Rises Above Campy Horror

Rediff.com18 Apr 2025

If not for Tamannaah, it would have been an ordeal to sit through this uninspired horror fable, notes Arjun Menon.

Rohit's shot selection needs a bit of tempering: Gavaskar

Rohit's shot selection needs a bit of tempering: Gavaskar

Rediff.com8 Apr 2025

Sunil Gavaskar also urged the misfiring Rohit Sharma to be a bit more selective about his shot-making.

ICICI Bank, 3 PSBs revise lending rates

ICICI Bank, 3 PSBs revise lending rates

Rediff.com5 May 2022

Private sector lender ICICI Bank has revised its external benchmark lending rate (EBLR) to 8.10 per cent, and state-owned Bank of Baroda has raised the rate to 6.90 per cent with immediate effect after the RBI hiked the key repo rate. Likewise, two other public sector banks -- Bank of India and Central Bank of India -- have also raised the repo linked lending rate. In an out of turn Monetary Committee Meeting (MPC), the Reserve Bank on Wednesday announced to hike the benchmark repo rate -- the short term lending rate it charges to banks -- by 0.40 per cent to 4.40 per cent with immediate effect, aimed at taming the rising inflation caused by the global geopolitical situation.

Payments banks urge FinMin to raise deposit limit to Rs 5 lakh

Payments banks urge FinMin to raise deposit limit to Rs 5 lakh

Rediff.com28 Mar 2025

Payments banks have urged the Union finance ministry to increase their deposit limit for each account to Rs 5 lakh, according to a source who participated in a meeting, chaired by the Department of Financial Services Secretary M Nagaraju, in New Delhi. At present, they can accept deposits of up to Rs 2 lakh.

ED seizes 'biggest' crypto fund worth Rs 1,646 crore

ED seizes 'biggest' crypto fund worth Rs 1,646 crore

Rediff.com15 Feb 2025

The Enforcement Directorate (ED) has seized its biggest-ever cryptocurrency worth Rs 1,646 crore in a money laundering investigation into a fraud investment scheme called BitConnect. The scheme, which ran between 2016 and 2018, promised investors high returns through a proprietary trading bot but was found to be a sham. The ED tracked transactions through the dark web and seized the cryptocurrency from numerous wallets. This is the agency's largest-ever seizure of virtual digital assets and the investigation is ongoing.

RBI issues new digital lending rules to protect borrowers

RBI issues new digital lending rules to protect borrowers

Rediff.com2 Sep 2022

The Reserve Bank has given time till November 30 to banks and NBFCs to put in place a mechanism to ensure that existing digital loans are in compliance with the modified norms aimed at protecting the interest of customers. Last month, the central bank tightened norms for 'digital lending' to prevent charging of exorbitant interest rates by certain entities and also check unethical loan recovery practices. In a circular, the RBI said outsourcing arrangements entered by Regulated Entities (REs) with a Lending Service Provider (LSP)/ Digital Lending App (DLA) do not diminish the REs' obligations and they shall continue to conform to the extant guidelines on outsourcing.

ICICI Bank, Indian Bank hike lending rates

ICICI Bank, Indian Bank hike lending rates

Rediff.com1 Aug 2022

ICICI Bank, the second-largest private sector lender and state-owned Indian Bank on Monday raised their lending rates across all tenors in anticipation of a rate hike by the RBI later this week. The rates have been increased across all tenors under the marginal cost of funds-based lending rate (MCLR) system, a move that will make EMIs expensive for those who availed loans benchmarked against the MCLR. Under the revised rates, effective August 1, ICICI Bank's one-year MCLR has increased by 15 basis points or 0.15 per cent to 7.90 per cent, while the overnight MCLR rose to 7.65 per cent, as per information posted on the bank's website.

RCB batters eye redemption in return Punjab Kings clash

RCB batters eye redemption in return Punjab Kings clash

Rediff.com19 Apr 2025

Royal Challengers Bengaluru have very little time to pick up the pieces after a debilitating loss as they eye a much-improved display from their batting unit in a return Indian Premier League match against in-form Punjab Kings in Mullanpur, Punjab, on Sunday.

FD Rate Cuts: Balance Returns With Safety

FD Rate Cuts: Balance Returns With Safety

Rediff.com16 Apr 2025

'Choose an FD tenure that provides a balance between returns and the horizon for which you can invest.'

Highlights of RBI's monetary policy

Highlights of RBI's monetary policy

Rediff.com7 Feb 2025

The Reserve Bank of India (RBI) on Friday cut the repo rate by 25 basis points to 6.25 percent, marking the first reduction in five years. The central bank also projected GDP growth for fiscal year 2026 at 6.7 percent and inflation to come down to 4.2 percent in FY26 from 4.8 percent in FY25. The RBI said the global economic backdrop remains challenging but the Indian economy continues to remain strong and resilient.

Saloni Thakkar Sings Namo Namah Shivaya

Saloni Thakkar Sings Namo Namah Shivaya

Rediff.com23 Jan 2025

The singer lends her voice to the Hindi rendition of Namo Namah Shivaya from the Naga Chaitanya and Sai Pallavi starrer Thandel.