Paytm, Piramal Finance tie-up to offer loans to small businesses
The partnership aims to expand Paytm's loan distribution business, aided by Piramal Finance's wide network of over 300 branches across India.
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RBI asks urban co-operative banks to review loan policy every financial year
This will ensure that the loan policy reflects approved internal risk appetite, says RBI.
Yes Bank picks JC Flowers ARC as partner to sell stressed loans worth ₹48,000 cr
The private lender says it has decided that the JC Flowers ARC will be the base bidder for a proposed sale of an identified stressed loan portfolio of the bank.
Loan EMI to get costlier after RBI's repo rate hike
The rate hike will push up home loan interest rates, which had already started going up after the surprise monetary policy announcement last month.
Cause of concern! Bank credit to manufacturing declines
Bank credit to 10 out of the 15 sectors declined in the last decade, an analysis by MVIRDC World Trade Centre (WTC) Mumbai shows.
Budget 2022: ₹1.37 lakh crore MSME loans stressed, restructured
Public sector banks have exposure of ₹58,524 crore to stressed enterprises.
Bank loan books, asset quality at risk due to Omicron, says ICRA
According to ICRA, with incremental restructuring under Covid 2.0, the overall standard restructured loan book for banks increased to 2.9% of standard advances as on Sept. 30, 2021.
Facebook is 'Superpower' for SMEs: Ajit Mohan
Facebook said there is no "monetary benefit" from its just launched Small Business Loans Initiative for Indian MSMEs.
Facebook bets on SMEs with ₹5-50 lakh loans
The social media giant rolled out its first small business loans initiative in India to help MSMEs avail loans between ₹5 lakh and ₹50 lakh.
Mallya repeats offer to repay 100% to banks
‘I wish the FM would listen in this time of crisis,’ the beleaguered industrialist tweeted; he has challenged an extradition warrant against him in the U.K.
