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 →

As compared to the car, home, or gold loans, interest rates on personal loans are higher, because of the greater perceived risk when sanctioning them. During a financial crisis or any medical emergency, we all look towards a personal loan, as during an emergency it is an appropriate choice toRead More →

New Delhi: The Committee constituted by Reserve Bank of India (RBI) has submitted its report to the central bank recommening that the limit for collateral free lending should be increased to Rs 20 lakh for MSMEs and Self-Help Groups (SHGs), Union Minister for Micro, Small and Medium Enterprises Nitin GadkariRead More →

Leading agro chemical company UPL on July 24 said its wholly-owned subsidiary has arranged EUR 100 million (approximately Rs 768.80 crore) loan at zero interest rate to meet the working capital requirements across the group. UPL Corporation has arranged the financing, and the transaction is expected to be completed inRead More →