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digital retail lending may reach $1 trn in the next 5 years, says report




digital retail lending in the country could reach $ 1 trillion over the next five years, with annual digital disbursements witnessing a five-fold increase, said a report.digital retail lending has seen explosive growth both globally and in the country, a report by the boston consulting group (bcg) s...



24.5% more consumers in retail lending, delinquency rates declined: cibil




the retail lending market rose significantly over the past year while delinquency rates declined, a cibil report said. this comes against the background of banks increasingly moving to retail, as corporate loan asset quality comes under pressure. the aggregate balance of retail lending products incr...



retail lending up 25%, number of accounts 32% in fy18: cibil data




retail lending saw rapid growth in fy18, with the loan book rising by 25 per cent and the number of outstanding accounts by over 32 per cent, along with an increase in asset quality, due to high demand for consumer durable and personal loans and credit cards, said a report. significantly, the delinq...



after strong growth in retail, corporate lending is a new space for nbfcs




the share for non-bank finance companies (nbfcs) in corporate lending might increase as the revised stressed asset framework predicts higher non-performing assets (npas) for banks. “pressure on asset quality could mean that banks would not be as aggressive about lending as before, because they wou...



sbi hikes lending rates by up to 20 bps to 8.15%




the largest lender state bank today raised its lending rates by 0.20 percentage point (20 basis points) to 8.15 per cent, with immediate effect, setting the tone for the industry to follow suit. this is the first lending revision by the bank since april 2016 and comes a day after it massively raised...



$100-bn digital consumer spending potential by 2020: google & bcg report




online consumer spending is expected to grow 2.5 times to around usd 100 billion by 2020 led by growth in e-commerce, travel and hotel, financial services and digital media, says a report. indians at present spend around usd 40 billion through digital transactions. "potential exists for digital tran...



emis set to rise as sbi, pnb raise lending rates




the largest lender state bank of india on thursday raised its lending rates by 0.20 percentage point (20 basis points) to 8.15 per cent, with immediate effect, setting the tone for the industry to follow suit. this is the first lending revision by the bank since april 2016 and comes a day after it m...



world bank to raise lending to india by $1 billion for next five years




the world bank plans to raise lending to india by about $1 billion every year for the next five years from the current $3 billion to $3.5 billion, its country director to india said on wednesday. the lending will be mainly for infrastructure projects, junaid ahmad said. last november, india jumped i...



top 30 apps dominate over 40% of mobile time, whilst mobile marketplace matures




comscore has recently taken a closer look at the mobile ecosystem and how audiences, content and apps influence the digital landscape.according to the report, mobile now accounts for half of all digital minutes across 13 markets, and a whopping 75% in mexico, india and indonesia. when it comes to me...



edelweiss to invest rs 700-800 crore in retail finance business




edelweiss financial services will invest rs 700-800 crore per year as capital in its retail lending business to grow its sme, mortgage, and agriculture loan book. it is expected to use the proceeds from its recent qualified institutional placement (qip) for investing into this business.edelweiss exp...



disney sues redbox for selling dvd digital download codes




disney has sued dvd-lending company redbox over its practice of reselling the digital copy download codes included with physical disc purchases. redbox acquires these codes from the dvds it purchases (it buys them retail, not through any special arrangements with disney); rather than discarding the ...



don’t be a loser when it comes to lending money to friends and family




lending among friends and family has been steadily increasing.you, or someone you know, might have already been approached by a family member seeking help to buy their first home. even if you have the money available immediately, the question you need to consider is whether you should. think careful...



needed: a retail borrowers' union




the government’s rs 2.11 lakh crore recapitalisation of banks is a laudable effort. after all, several sections of the economy are being starved of cash as many banks are unable to lend due to their stressed balance sheets.  the question: who will benefit the most from this recapitalisation? bank...



tier-ii cities to usher in second phase of retail revolution




the retail sector in tier-ii and-iii cities has witnessed a much higher investment of us$ 6,192 million between 2006 and 2017 as against us$ 1,295 million that came to tier i metro cities during the same period, according to a report titled, ‘fuelling the retail revolution — the paradigm of emer...



sbi's new year gift: base rate cut by 30 bps, home loan fee waiver extended




in a surprising move at the start of the year, state bank of india (sbi) reduced its base rate and benchmark prime lending rates (bplr) for existing customers by 30 basis points each effective from january 1.   one basis point is a hundredth of a percentage point. the bank said it would also extend...



retail accounts for 14.2% of digital advertising spending in the uk in 2017




uk retailers will drive mobile and digital ad spending in 2018, according to a new emarketer forecast of cross-country uk ad spend.the research firm tracks five industries, including automotive, consumer packaged goods (cpg) and consumer products, financial services, retail and travel. among them, ...



barring auto, even retail loans see spike in bad loans: report




even as banks continue to focus on retail loans, as they keep away from the large corporates due to their poor credit quality, a study has found an uptick in non-performing assets across many sub-segments of small loans in the year to march 2017.education loans and commercial vehicle loans reported ...



barring auto, even retail loans see spike in bad loans: report




even as banks continue to focus on retail (to individuals) loans, as they keep away from large corporates due to poor credit quality, a study has found an uptick in non-performing assets (npas) across many sub-segments of small loans in the year to march 2017. education loans and commercial vehicle ...



aditya birla to invest rs 10 bn a year in nbfc and housing finance company




aditya birla capital plans to invest rs 10 billion each year to grow the lending business that it runs through two units — an nbfc and a housing finance company — as it seeks to build its retail and sme loan book. the combined outstanding loan book of its nbfc and housing finance business was up...



next wave of growth in mobile internet to come from rural india: study




the next wave of growth in mobile internet users is going to come from rural areas, where mobile data penetration is as low as 18 per cent. however, rural areas also saw growth of a little over 15 per cent in mobile internet last year, with 57 per cent users being under the age of 25 years. a report...



digital advertising spend in china to reach 57% this year driven by mobile inter




china will see 57% of its ad spend going towards the internet this year. according to the latest report from media company groupm, the second largest advertising market globally may be heading for slower growth though as digital access nears saturation in urban areas.total ad spend in china is predi...



hdfc hikes retail prime lending rate by up to 20 basis points to 16.35%




hdfc raised its retail prime lending rate (rplr) by up to 20 basis points to 16.35 per cent on monday. home loan rates are calculated by reducing the spread from the rplr. hdfc’s revised home loan interest rates now range from 8.4 per cent to 8.7 per cent, where as state bank of india’s home loa...



fintech shifting the goalpost? wallets are passe as firms enter mfs, retail




on november 9, 2016, india woke up to demonetisation and full-page jacket newspaper advertisements of paytm, freecharge and a few others thanking the prime minister for ushering in the era of digital money. the months that followed the note ban, digital wallet players went to town claiming an astron...



half of retailers may lose sales due lack of mobile app technologies




a majority of shoppers (80%) are now using mobile apps to buy products or stay in touch with retailers. however, despite this, just half of uk retailers have actually invested in mobile app technologies.these are the findings from a new analysis of 240 uk retailers by visualsoft, the digital agency....



home, car loans to get expensive as sbi, icici, pnb, axis bank hike rates




lending majors on thursday hiked their marginal cost of funds-based lending rate (mclr) by 0.10-to-0.20 per cent, making home and car and other loans expensive.banking majors like sbi, pnb and icici bank have raised their mclr. on february 19, axis bank had raised its mclr by 0.10 per cent. in addit...