Flybe’s owners are trying to borrow £100m as a short-term loan from the government. Connect Airways has also agreed to put £20m extra cash into its troubled regional airline, according to sources. The company confirmed last week it was seeking a loan on “commercial” terms but not how much itRead More →

The Enforcement Directorate on Friday filed a charge sheet against former Bhushan Power and Steel Ltd CMD Sanjay Singal and others in a multi-crore money laundering case linked to an alleged bank fraud, saying he was the “mastermind” behind diversion of loan funds. Special Judge Arun Bhardwaj took cognisance of the chargeRead More →

Ashwin is a 30-year-old tech professional, working for the past five years. He earns well and spends much on luxuries. His lifestyle does not allow him to save much . Recently, he decided to buy his first car and shortlisted a model. However, lured by the easy EMI repayment options, he is tempted to buy aRead More →

India’s largest public lender State Bank of India (SBI) has come out with a home buyer finance guarantee scheme under which lenders will get a full principal amount refund if the builder fails to deliver a project within the stipulated deadline. SBI’s ‘Residential Builder Finance with Buyer Guarantee scheme’ canRead More →

SME loan defaults are by and large not wilful. The rising Mudra defaults could be a result of inadequate monitoring by banks and other ambitious microfinance lenders, coupled with the slowdown Reports of rising defaults in servicing Mudra loans have naturally got the RBI worried. It should be a causeRead More →

In 2013, Vivek Panchpande, who is visually challenged, felt elated when he got accepted for higher studies at four different universities in Canada, New Zealand, the UK and the US. He had always wanted to study abroad but his dream remained unfulfilled. “With no collateral like a house to mortgageRead More →