Despite the relationship between Prime Minister Narendra Modi and former US president Donald Trump being very, very positive, India’s economy is expected to face the short-term heat of Trump’s second presidency due to his three key policy drives: tax cuts,
LIC was India’s largest IPO when it went public with a ₹21,000 crore ($2.45 billion) offering in May 2022. But records are meant to be broken. In October 2024, Hyundai Motor India’s ₹27,870 crore ($3.3 billion) initial public offering shattered the
The Reserve Bank of India (RBI) on Thursday barred four non-banking financial companies (NBFCs), halting their loan sanction and disbursal activities starting from October 21. The NBFCs include, Asirvad Micro Finance, Arohan Financial Services, DMI Finance Private and Flipkart founder
The Reserve Bank of India on Wednesday said that banks and Non-banking financial companies (NBFCs) cannot levy foreclosure charges for prepayment penalties on floating rate term loans sanctioned to Micro and Small Enterprises (MSEs). Through this, RBI aims at safeguarding
Shocking news has come to light about small businesses in India. Banks have had to write off, or give up on collecting, more than ₹1 lakh crore in loans to micro and small enterprises (MSEs) over the last five years.
In the past few months, the Credit Card Industry in India is experiencing a notable shift in strategy. A number of major banks are shifting more and more towards secured credit cards, a product that has been there for a
State-Run Lenders to Identify Friction Points for Customer Service, Says Financial Services Secretary In a bid to boost the growth of micro, small, and medium enterprises (MSMEs), state-run banks are set to adopt strategies that have proven successful in the
On July 23, 2024, Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-2025. This budget outlined several initiatives and reforms aimed at propelling India towards sustainable economic growth, focussing on employment, skill development, Micro, Small, and Medium Enterprises (MSMEs)
Home Loan Interest Rates 2024: There has been a drastic surge in property prices in India lately, making the dream of owning a home in Indian metropolitan cities for ordinary citizens a far-off reality. For more than a year now,
LAP rates or interest rates on Loan Against Property are not constant and are subject to change. Banks and other financial institutions such as Housing Finance Companies (HFCs) usually update their latest LAP rates on their respective official websites. So,
Prominent Brokerage firm Nomura expects the home loan industry to more than double in the next five years with mortgages growing at a clip of 15% over the next decade, reported the Economic Times. Citing Nomura, the report said that
Muharram Bank Holiday Today: Banks will remain closed in different states in India on Wednesday (July 17), on account of Muharram. The states where banks will remain closed today include Andhra Pradesh, Mizoram, Rajasthan, Tamil Nadu, Gujarat, Karnataka, Telangana, Andaman
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