EASY BORROWING
Tight liquidity forces banks to tap debt markets, shell out more
"To a certain extent, the year-on-year rise in the bank borrowing numbers is a reflection of the merger between HDFC and HDFC Bank. But apart from that, it is clearly a reflection of the tightness in the liquidity and that was, to a certain extent, exacerbated in the month of May because government spending was restricted during the Union election," said Soumyajit Niyogi, director at India Ratings & Research.
4 easy ways to repay a huge credit card bill
Credit cards can be a useful tool for financial management, but overspending can lead to challenging debts. Here are tips to efficiently pay credit card bills.
A new trade war offers no easy way back for old global order
The US-China trade war has intensified with the use of tariffs and subsidies, impacting Europe and China. US Treasury Secretary Janet Yellen has warned of global business risks.
Asian junk bond sales are hottest in five years on India boom
Regional sales of such corporate notes, outside of Japan, touched $5.9 billion so far this year, already surpassing $4.4 billion in all of 2023, according to Bloomberg-compiled data. Indian borrowers have topped the share of sales so far this year, with nearly 44% share.
4 ways banks are overcharging borrowers on loan interest rates, as per RBI
Date for interest charging by banks: The Reserve Bank of India did onsite review of banks and other financial institutions to check how lenders are charging interest on loans issued to borrowers. The central bank found four instances where banks were following unfair lending practices. Read on to know more about this and what RBI has asked banks to do.
Wind and sun are free, but it's harder to get renewable energy projects built these days. Here's why
It's not easy when headwinds from the post-pandemic global economy - including high interest rates and inflation - are holding back often costly investment in wind, solar and other forms of clean power.
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World Bank warns emerging economies need to grow 'much faster' to repay debt
The World Bank issues a warning about the significant increase in borrowing costs for developing nations, which poses challenges to boosting economic growth. International bond sales from emerging market governments have reached a record high of $47 billion in January, with some riskier issuers facing higher interest rates.
P2P companies go easy on partnership business as RBI sounds alert
According to the founders of several of these lending platforms, given that the Reserve Bank of India is scrutinising the sector, they are adopting a “wait-and-watch” policy before stitching these deep integrations. P2P platforms LenDenClub and Liquiloans led the partnership game by working closely with fintechs like Cred and BharatPe to source borrowers and lenders.
RBI asks banks, NBFCs to share key facts on loans with all retail, MSME borrowers
The Reserve Bank of India (RBI) has requested banks and NBFCs to provide borrowers from retail and micro and small enterprises with a key fact statement (KFS) detailing loan agreement information, including all-in-cost. The move aims to increase transparency and disclosure in loan pricing by regulated entities.
RBI move to bring transparency in MSME loans will curb hidden charges, predatory lending practices, says industry
Industry stakeholders are of the view that this is a win-win situation for both lenders and borrowers. They expect it to bolster financial literacy, helping familiarise borrowers with key loan and financial terms, and raise financial awareness.
No more hidden charges by banks, NBFCs to all borrowers as RBI makes declaring actual interest rate mandatory
Actual interest rate on loans in Key Fact Statement: When a borrower takes a loan from a bank or NBFC, apart from interest rate, the lender levies other charges as well such as documentation charges, processing fees etc. Now the lender is required to inform all the charges levied on loan upfront to the prospective buyer. This announcement was made by the RBI governor today while announcing the monetary policy decisions.
Republic Day 2024: Best speech ideas for students for students, quotes by famous personalities
Republic Day 2024 Speech Topics: Embrace the essence of Republic Day with impactful speech topics tailored for students. Delve into India's democratic evolution, explore the importance of the Constitution's Preamble, rejoice in the diversity that unites us, empower the youth for nation-building, champion environmental awareness, and contemplate resilience in challenging times. Pay tribute to heroes, discuss the role of digital India, and unravel the intricate cultural tapestry. Construct speeches that ignite a sense of patriotism and communicate the power of the Indian youth in shaping a promising future.
Attractive credit schemes fuelling sales of automobiles, electronics, consumer durables
Longer-tenure EMIs, buyback guarantees, and other sweeteners are driving sales of automobiles, consumer durable, and electronic goods in India. The Reserve Bank of India has increased the risk weight on consumer credit, including credit card receivables and bank loans to NBFCs by a fourth, potentially forcing banks and non-banks to set aside more capital, which can potentially increase lending rates.
How digital lenders are making loan application process easy for MSMEs
MSMEs generally face problems in accessing business loans. New-age digital lenders are reshaping business models to help small companies get past this issue.
All easy returns are gone. From here, replicate the economy: Anurag Singh
“I expect 11-12% returns from Nifty at an index level. That is where my decadal return story comes in. I have divided the Indian market returns into 4 decades and at the end of 2001, we saw there is a 11% return and this is S&P 500 but if you see BSE Sensex also, 2001 to 2011 was 20% then it was 12% and current is of course under way.”
Want to borrow money? Smart tips to get the best personal loan, home loan
ET Wealth looks at smart ways to borrow and offers tips to those planning to take a loan. We also tell you about the tricks that lenders use to lure customers. Here are some things to keep in mind while borrowing money.
Quick, easy personal loans may become difficult now as RBI tells banks, NBFCs to be more careful
Alarmed by very higher growth in the disbursal of personal loan in past few quarters, RBI has cautioned banks and NBFCs against quick and easy personal loans and has asked lenders to implement strong underwriting norms. As a result lenders will have to bring in tougher underwriting norms which will make getting a personal a little difficult for the borrowers.
Unsecured loans are on the rise as Indian aspirations meet easy borrowing. Do lenders and households need to be cautious?
Despite high inflation and slowing economic growth, many middle-class Indians are still buying consumer products on credit. Unsecured loans, including loans for consumer goods and credit cards, have become a key driver of consumption in the country. The demand for financing consumer durables primarily comes from the low- to middle-income segment, with young professionals and millennials being the most substantial demand drivers.
We are not really seeing any let-up in demand for affordable housing: Home First Finance MD
“There is more interest from banks to lend to companies which are in the mid-size category like ours. Earlier, a lot of those funds would probably get directed towards larger companies like HDFC. We are seeing early signs of that and that is good for companies as well rated like ours and which are growing at this stage.”
Money matters: How to set financial boundaries with friends
No matter how close the friendship, money issues are typically brushed aside. It’s important that you do not hesitate to set clear financial boundaries when it comes to affordability. More so, if there is a difference in your financial status. If you can’t spend in as prolific a manner as your rich friends, make the limit known before any activity is planned.
Loans against MFs catch fancy with easy process & low rates
Though public and private sector banks offer this product, non-banking finance companies (NBFCs) have been more aggressive. The selling pitch for loans against mutual funds is that you do not have to liquidate your performing schemes for want of short-term funds.
China’s economic woes are multiplying — and Xi Jinping has no easy fix
China's economy is facing multiple challenges including sluggish consumer spending, a crisis in the property market, weakening exports, record youth unemployment, and high local government debt. These issues are starting to impact the global economy, and there are concerns that China may experience a Japan-style economic malaise. President Xi Jinping's government has limited options to fix the problems, and their usual playbook of large-scale stimulus has led to oversupply and high debt.
PharmEasy fails to raise Rs 1,000 crore equity, breaches covenant on Goldman Sachs loan
PharmEasy was supposed to raise equity of around Rs 1,000 crore, or about $120 million, linked to its burn rate velocity. It has failed to do that after trying for a year and postponing its initial public offering (IPO). Negotiations are on to restructure terms or opt for capital raise. Goldman Sachs owns all assets as collateral.
Looking for a gold loan? Here are some tips for getting a best deal on gold borrowing
Gold has become an important asset for borrowing due to its higher prices. Borrowing against gold can provide a quick and easy solution, but the interest rate can vary significantly. To get the best deal on gold borrowing, one can shop around for the most competitive rates, negotiate the interest rate, choose a shorter loan term, and maintain good credit score.
Struggling to pay home loan EMI? You can pay less now, but there's a trade off
Borrowers struggling to manage their household budget and pay the higher EMIs are actively looking for a solution that can help them reduce the impact of the sharp rise. There are many variants of home loans that offer easy EMI facilities for a limited period. Let us see what these options are and whether they really help struggling borrowers.
For tech companies, years of easy money yield to hard times
For more than a decade, investors desperate for returns sent their money to Silicon Valley, which pumped it into a wide range of startups that might not have received a nod in less heady times. Extreme valuations made it easy to issue stock or take on loans to expand aggressively or to offer sweet deals to potential customers that quickly boosted market share.
Home loan borrowers face higher outgo in goodbye to easy money
On Saturday, Housing Development Finance Corp (HDFC), India's largest mortgage financier, hiked its benchmark retail prime lending rate (RPLR) for the fifth time this fiscal ahead of the RBI's monetary policy meeting scheduled on August 5.
Easy ways to save the money you make
Avoid being careless with utilities you pay bills for eg. unplug appliances that are not in use.
Indian companies’ inflation concerns to test RBI’s easy policy
Companies from Hindustan Unilever Ltd., the Indian arm of Unilever Plc, to Nestle India Ltd. have pointed to profit-squeeze from higher input costs and supply chain strains, while the likes of Dabur India Ltd., a maker of packaged honey and hair oil, and Britannia Industries Ltd. have already passed on some of the increased costs to consumers.
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