Bad Loans News
Indians Are Defaulting More On Loans Without Collaterals | RBI Highlights The Worrying Trend
Gross NPAs in the microfinance sector surged to an all-time high of ₹50,000 crore, or 13% of the gross loans, at the end of December last year. This happened even as the RBI reduced the need for higher capital allocation against risky unsecured assets. Now as per a recent report India, which is home to over 140 Cr people, has nearly 100 Cr individuals who lack sufficient income to spend on discretionary goods or services.. #npa #sharemarket #stockmarket #news #narendramodi #rbi #fitch #banks #loan #debt #autoloans #personalloan #personalfinance #nse #sensex #bse #abhinavtrivedi #nirmalasitaram #homeloan #loandefault #smartphone #loanapp #rbi #icicibank #hdfcbank #axis #usa #india #debtceiling #creditcard #creditscore
3 Mar 2025U.S. Seeks to Collect on Up to $20 Billion in Delinquent Covid Loans
Time is running out for small businesses and nonprofits that took out roughly one million government loans during the pandemic.
6 min read7 Mar 2024As banks can now sell ‘fraud loans’, what does this mean for Indian banks
Instead of making 100 per cent provisions for ‘fraud’ loans, banks can now transfer loans to asset reconstruction companies for a lower price. Let us decode how this is set to reform the banking landscape of India.
2 min read15 Dec 2021Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared