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MUMBAI: Lenders shifted toward secured credit and established borrowers in Q2 FY26, reflecting a tactical move toward asset quality and risk control. According to the CRIF High Mark report, banks and NBFCs increased exposure to secured products, reduced lending to new borrowers, and expanded credit selectively to businesses, especially sole proprietors.Gold loans recorded the fastest…
MUMBAI: Beginning Jan 2026, a PSB alliance digital platform for lending to small business will start functioning at scale opening up a new avenue for MSME financing. The platform will allow any fintech or entity that serves MSMEs, including dealers, to plug in and provide a financing interface for small businesses. At the other end,…
Growth in bank credit to industry eased to 7.3 per cent in September 2025, compared with 8.9 per cent in the same period a year earlier, according to Reserve Bank of India (RBI) data released on Friday.On a year-on-year basis, non-food bank credit rose 10.2 per cent as of the fortnight ended September 19, 2025,…
MUMBAI: The country’s largest and second-largest private banks, HDFC Bank and ICICI Bank, continued to be cautious in expanding their personal loan books in Q2, particularly in the unsecured segment.HDFC Bank’s retail loans rose 7.4% year-on-year and 2.2% quarter-on-quarter to Rs 15,55,400 crore, MD & CEO Sashidhar Jagdishan said in the earnings call. He emphasised…
The organised gold loan market is projected to touch Rs 15 lakh crore by March 2026 — a full year ahead of earlier forecasts — as banks tighten their dominance and expand faster than non-banking financial companies (NBFCs), according to a report by rating agency Icra.The agency had earlier estimated in September 2024 that the…
The average long-term mortgage rate in the US fell to 6.3% this week, returning to its lowest level in about a year, mortgage buyer Freddie Mac said on Thursday. The rate on a 30-year fixed loan edged down from 6.34% last week, while a year ago it averaged 6.32%.Rates on 15-year fixed mortgages, often used…
US federal workers have begun to feel the heat of government shutdown as it enters its second week, as many have resorted to even taking loans to cover everyday expenses. Since October 1, hundreds of thousands of federal employees have been furloughed, while others deemed essential, including some military personnel, must work without pay.All work…
Divorces are not just the end of a marriage, but also the beginning of a storm. Beyond the annulment lawyer’s office lies an ocean of emotions, with equal amounts of gloom and anger. Adding to the misery comes a financial slap for both ex-spouses. While men scramble to arrange alimony, women often face upheaval, relocating…
The IMF on Tuesday began formal discussions with Pakistan’s economic officials to review the implementation of a $7 billion loan and a $1.1 billion Resilience and Sustainability Facility (RSF).The review comes as Pakistan’s performance under the programme up to June 2025 has been uneven, Dawn reported according to news agency PTI.Although the power sector targets…
The average rate on a 30-year US mortgage fell again this week, reaching 6.26%, marking the lowest level since early October, amid a decline in long-term Treasury yields and the Federal Reserve’s first rate cut of 2025, mortgage buyer Freddie Mac said Thursday. Last week, the rate was 6.35%, and a year ago it averaged…
