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Banks' Loan Growth Slows For 8th Straight Month In February: RBI Data
Loan growth at Indian banks moderated for an eighth straight month in February, central bank data showed on Thursday, due to a drop in personal and credit card loans following tighter rules by the Reserve Bank of India.
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Finance Minister Unveils 6 New Schemes, Raises Kisan Credit Card Limit
Finance Minister Nirmala Sitharaman on Saturday announced six new schemes and increased the subsidised Kisan Credit Card (KCC) loan limit to Rs 7 lakh from Rs 5 lakh.
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Finance Minister Proposes ID Cards for Gig Workers, UPI-Linked Credit Cards for Street Vendors
Finance Minister Nirmala Sitharaman announced in her Union Budget 2025 speech that gig workers will receive ID cards and healthcare access via a social security scheme. The government will invest in street vendors and online workers, providing identity cards and e-Shram portal registration. The PM SVANidhi scheme will be revamped with enhanced bank...
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5 Things to Know About Key Technology-Related Announcements From the Union Budget 2025
Finance Minister Nirmala Sitharaman announced new measures as part of the Union Budget 2025, including expanded broadband for government schools, a boost for local manufacturing of components, and insurance for nearly 1 crore gig workers. Loan limits under the PM Swanidhi scheme will increase, and a new Rs. 30,000 credit card linked to the NPCI's U...
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Prime Minister Modi Distributes 65 Lakh Svamitva Property Cards
Prime Minister Narendra Modi on Saturday distributed around 65 lakh Svamitva property cards, and said the scheme will help people in getting loans and benefits of government schemes.
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Watch: Voice Artist Pranks Scam Caller Offering Credit Card, Internet In Splits
Needless to say, spam calls from banks offering loans are extremely annoying. We all try to dodge these unwanted interruptions, but one voice artist flipped the script by pranking the spam caller offering "special credit card" offers.
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53 Crore Jan Dhan Accounts, Rs 27 Lakh Crore Micro Loans: PM's Fintech Report Card
Prime Minister Narendra Modi on Friday said India is adopting fintech with "unmatched speed and scale" which is unparalleled in the world.
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Experts Warn Of Gen Z's Growing Debt Crisis As Cost Of Living Surges: Report
Gen Z, the generation born between 1997 and 2012, is accumulating debt faster than any other age group, largely due to rising living costs and the lingering effects of the COVID-19 pandemic.
-
RBI Tightens Norms For Personal Loans, Credit Cards Amid Demand Surge
The Reserve Bank Of India (RBI)on Thursday tightened norms for personal loans and credit cards, raising the risk of slowing loan growth.
-
RBI Stops Bajaj Finance From Giving Loans To E-Tailers, EMI Card Users
The Reserve Bank of India (RBI) in a statement today said that Bajaj Finance, an arm of Bajaj Finserv Ltd, should stop giving loans under its "two lending products eCOM and Insta EMI Card" immediately.
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'Inside The OTP Mafia' Exposes Dark Underbelly Of Transnational Cyber Crime
Most people at some point have received offers of a loan, a warning that bank cards will be blocked, and even an X-rated video starring the people who received the message. This is how the OTP mafia works.
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UP Gang Floats Bogus Firms, Dupes Banks Of Rs 23 Crore; 8 Arrested: Cops
Eight persons were arrested for allegedly duping multiple banks to the tune of Rs 23 crore by floating over a dozen bogus companies and taking loans using forged documents like Aadhaar and PAN cards of non-existing employees, police said.
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Insurers Praise Move To End Credit Card Repayment For Loans On Insurance
Regulator Irdai's decision to bar repayment of loans taken against life insurance policies through credit cards is a good move and will prevent policyholders from falling into a debt trap, according to insurers.
-
Man Robs Former Employer Of Rs 3 Lakh In Delhi, Arrested: Police
A man, who worked as an elderly person's help in Delhi, was arrested for allegedly stealing his ATM cards and a diary containing PINs to withdraw over Rs 3 lakh to clear loans he had taken during the Covid lockdown, police said on Monday.
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Apple’s ‘Buy Now, Pay Later’ Service to Look at Users’ Spending History, Which Apple Devices They Own
Apple’s upcoming ‘buy now, pay later’ service, dubbed Apple Pay Later, will look at customers’ spending history, linked bank cards to Apple Pay account, and even which Apple devices they own to evaluate borrowers.
-
Banks' Loan Growth Slows For 8th Straight Month In February: RBI Data
Loan growth at Indian banks moderated for an eighth straight month in February, central bank data showed on Thursday, due to a drop in personal and credit card loans following tighter rules by the Reserve Bank of India.
-
Finance Minister Unveils 6 New Schemes, Raises Kisan Credit Card Limit
Finance Minister Nirmala Sitharaman on Saturday announced six new schemes and increased the subsidised Kisan Credit Card (KCC) loan limit to Rs 7 lakh from Rs 5 lakh.
-
Finance Minister Proposes ID Cards for Gig Workers, UPI-Linked Credit Cards for Street Vendors
Finance Minister Nirmala Sitharaman announced in her Union Budget 2025 speech that gig workers will receive ID cards and healthcare access via a social security scheme. The government will invest in street vendors and online workers, providing identity cards and e-Shram portal registration. The PM SVANidhi scheme will be revamped with enhanced bank...
-
5 Things to Know About Key Technology-Related Announcements From the Union Budget 2025
Finance Minister Nirmala Sitharaman announced new measures as part of the Union Budget 2025, including expanded broadband for government schools, a boost for local manufacturing of components, and insurance for nearly 1 crore gig workers. Loan limits under the PM Swanidhi scheme will increase, and a new Rs. 30,000 credit card linked to the NPCI's U...
-
Prime Minister Modi Distributes 65 Lakh Svamitva Property Cards
Prime Minister Narendra Modi on Saturday distributed around 65 lakh Svamitva property cards, and said the scheme will help people in getting loans and benefits of government schemes.
-
Watch: Voice Artist Pranks Scam Caller Offering Credit Card, Internet In Splits
Needless to say, spam calls from banks offering loans are extremely annoying. We all try to dodge these unwanted interruptions, but one voice artist flipped the script by pranking the spam caller offering "special credit card" offers.
-
53 Crore Jan Dhan Accounts, Rs 27 Lakh Crore Micro Loans: PM's Fintech Report Card
Prime Minister Narendra Modi on Friday said India is adopting fintech with "unmatched speed and scale" which is unparalleled in the world.
-
Experts Warn Of Gen Z's Growing Debt Crisis As Cost Of Living Surges: Report
Gen Z, the generation born between 1997 and 2012, is accumulating debt faster than any other age group, largely due to rising living costs and the lingering effects of the COVID-19 pandemic.
-
RBI Tightens Norms For Personal Loans, Credit Cards Amid Demand Surge
The Reserve Bank Of India (RBI)on Thursday tightened norms for personal loans and credit cards, raising the risk of slowing loan growth.
-
RBI Stops Bajaj Finance From Giving Loans To E-Tailers, EMI Card Users
The Reserve Bank of India (RBI) in a statement today said that Bajaj Finance, an arm of Bajaj Finserv Ltd, should stop giving loans under its "two lending products eCOM and Insta EMI Card" immediately.
-
'Inside The OTP Mafia' Exposes Dark Underbelly Of Transnational Cyber Crime
Most people at some point have received offers of a loan, a warning that bank cards will be blocked, and even an X-rated video starring the people who received the message. This is how the OTP mafia works.
-
UP Gang Floats Bogus Firms, Dupes Banks Of Rs 23 Crore; 8 Arrested: Cops
Eight persons were arrested for allegedly duping multiple banks to the tune of Rs 23 crore by floating over a dozen bogus companies and taking loans using forged documents like Aadhaar and PAN cards of non-existing employees, police said.
-
Insurers Praise Move To End Credit Card Repayment For Loans On Insurance
Regulator Irdai's decision to bar repayment of loans taken against life insurance policies through credit cards is a good move and will prevent policyholders from falling into a debt trap, according to insurers.
-
Man Robs Former Employer Of Rs 3 Lakh In Delhi, Arrested: Police
A man, who worked as an elderly person's help in Delhi, was arrested for allegedly stealing his ATM cards and a diary containing PINs to withdraw over Rs 3 lakh to clear loans he had taken during the Covid lockdown, police said on Monday.
-
Apple’s ‘Buy Now, Pay Later’ Service to Look at Users’ Spending History, Which Apple Devices They Own
Apple’s upcoming ‘buy now, pay later’ service, dubbed Apple Pay Later, will look at customers’ spending history, linked bank cards to Apple Pay account, and even which Apple devices they own to evaluate borrowers.
