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get a loan within 24 hrs! amazon india launches lending network for sellers




in another india-first initiative, amazon has launched a lending network connecting lenders and its sellers, who will be able to avail loans at competitive rates in as swiftly as 24 hours. the amazon lending programme will offer loans, including term and overdraft loans, between rs 200,000 and rs 50...



switch lenders if home loan rate is too high; go for banks over hfcs




as lenders hike their benchmark rates, new customers will see their eligibility go down. existing borrowers on marginal cost-based lending rates (mclr) would not be affected much. but if your loan is not linked to mclr or you are a borrower with a housing finance company, you will need to act if the...



psbs reported 8,670 loan fraud cases over last five fiscal years: rbi data




investors may have been shocked when one of india's biggest banks disclosed a $1.77 billion fraud by a billionaire jeweller, but the central bank has recorded data that shows the problem runs far deeper and wider.reserve bank of india (rbi) data, which a reuters reporter obtained through a right-to-...



you might get the right loan as rbi moots external benchmark for lending




press trust of india  |  mumbai  last updated at october 4, 2017 16:46 ist



home loan approvals dip to 18-month low as property market slows




new home loan approvals fell to an 18-month low in april, as tighter bank lending and a slump in loans to property investors continued to weigh on the market.figures on tuesday confirmed banks' new lending remained weak in april, with the total number of new owner-occupied loans approved, excluding ...



sluggish agri lending in states with debt waiver scheme




in maharashtra, rural lending by banks in q2 of fy18 was around 6 per cent less compared to the same period last year, when the net amount doled out by banks stood at rs 48,856 crore. in uttar pradesh, which had announced a massive farm loan waiver scheme, the rural lending had shown a meagre growth...



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...



home loan to get more expensive as housing finance cos raise lending rates




home loan rates to get more expensive as major lenders housing development financial corporation (hdfc), pnb housing finance raised their home loan ratios by up to 20 basis points (bps) and 25 bps respectively. hdfc's revised home loan interest rates now range from 8.4 per cent to 8.7 per cent, wher...



'loan waiver, mounting npas may force banks to stop lending to agri sector'




press trust of india  |  mumbai  july 28, 2017 last updated at 19:35 ist



pnb's fy17 fund-based exposure to jewellery sector at 0.6% of loan book




punjab national bank (pnb) that has been at the centre of the rs 114 billion fraud perpetrated by nirav modi had a fund and non-fund based exposure (as a percentage of loan book) at 0.6% and 0.1% respectively in fy17, suggests a recent edelweiss securities report on the sector co-authored by kunal s...



indusind bank raises rs 3,193 cr from overseas lenders to expand business




indusind bank on monday said it has raised $500 million (about rs 3,193.75 crore) term loan from overseas lending bodies to expand its business.the private sector bank has concluded the syndicated term loan facility from a group of overseas investors, it said in a regulatory filing.the fundraising, ...



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...



rbi hikes repo rate by 25 bps: experts believe banks to raise rates




it’s time for depositors to cheer, while borrowers will feel the pinch a little more. with the reserve bank of india (rbi) raising the repo rate by 25 basis points (bps) on wednesday, the first time in four years, banks are expected to follow. the signals have already been there for the past few m...



emis to go up as state bank of india, pnb and icici bank hike lending rates




state bank of india (sbi), the country’s largest lender, on thursday raised its benchmark lending rates by up to 25 basis points for the first time since the marginal cost-based lending rate (mclr) regime was introduced in april 2016. one basis point is 0.01 per cent. the rate hike, effective imme...



hdfc's subsidiary hdb to raise $150 mn from ifc in senior debt investment




hdb financial services limited (hdb), a subsidiary of hdfc bank limited, is set to raise $150 million from international finance corporation (ifc). the investment will be in the form of senior debt investment, said the world bank's investment arm. ifc’s loan to the financial institution described ...



elending firm capital float raises $22 mn in series c funding from amazon




capital float, india's largest digital lender on tuesday announced raising funds worth usd 22 million in equity funding from amazon. with the total equity funding of nearly usd 110 million, capital float has also raised debt amounting to usd130 million till-date from leading banks and nbfcs.capital ...



india bet is paying off big time: amazon's jeff bezos tells investors




as india becomes an increasingly important market for us online retail giant amazon, founder and ceo jeff bezos in a letter to investors on wednesday assured them that the billions of dollars the company was investing into the country was producing results. in the letter, bezos claimed that amazon i...



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...



citibank launches home loan product linked to an external benchmark




citibank has launched a home loan product linked to an external benchmark. the development assumes significance in the light of the reserve bank of india (rbi) appointed janak raj committee's recommendation last year that all banks should link their loans to an external benchmark. while citi's new h...



rbi announces hike in limits for cheaper loan for affordable housing




the affordable housing segment will get a boost with rbi on wednesday raising the loan limits under priority sector lending (psl), and the government deciding to use surplus land of sick psus for construction of such dwelling units. in another development, the president has promulgated an ordinance ...



for indian banks, the worst of their bad-loan woes may be yet to come




just when many indian banks thought the worst of their bad debt woes were behind them, new central bank rules are stoking fears that the worst of the soured-loans buildup is yet to come. the central bank surprised the financial sector this week by halting all of its existing loan-restructuring mecha...



your emis are set to rise! sbi, pnb and icici bank increase lending rates




state bank of india (sbi), the country’s largest lender, on thursday raised its benchmark lending rates by up to 25 basis points -- the first time since the marginal cost-based lending rate (mclr) regime was introduced in april 2016. one basis point is a hundredth of a percentage point. the rate h...



emis to go up as state bank of india, pnb and icici bank hike lending rates




state bank of india (sbi), the country’s largest lender, on thursday raised its benchmark lending rates by up to 25 basis points for the first time since the marginal cost-based lending rate (mclr) regime was introduced in april 2016. one basis point is 0.01 per cent. the rate hike, effective imme...



festive season sales: over 3k flipkart sellers sold goods beyond rs 10 lakh




while e-commerce marketplace flipkart might have outsold rival amazon by a factor of two in the largest sale of this festival season, sellers embedded on the platform, too, witnessed their best-selling days this year. flipkart has claimed that, this year, over 3,000 sellers saw sales exceed the rs 1...