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G7 Leaders Agrees On Loan Deal To Support Ukraine With Russian Assets
Leaders of the Group of Seven major democracies agreed on an outline deal on Thursday to provide $50 billion of loans for Ukraine using interest from Russian sovereign assets frozen after Moscow invaded its neighbour in 2022.
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SpyLoan Malware Apps Used to Blackmail, Extort Users Using Personal Data Detected on Play Store
SpyLoan malware has been spotted on the Play Store over the course of this year and removed by Google, according to details shared by ESET researchers. They are designed to collect vast amounts of information from a user's device when they borrow money, only to blackmail and extort them into repaying the sum with high interest amounts within a shor...
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Google for India 2023: AI-Powered Search Becomes More Visual and Local, New Services on Google Pay
Google is rolling out improvements to its AI search tool in India. Google is making search generative experience in India more visual and localised for better results. The company announced the updates coming to its AI search in the country at its Google for India 2023 event held Thursday.
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Dalit Woman Stripped Naked, Urinated Upon Over Rs 1,500 Loan In Bihar
A Dalit woman in Bihar was brutally assaulted and stripped naked for refusing to pay an additional interest on a loan she had taken from a village strongman.
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PM Launches Rs 13,000 Crore Vishwakarma Scheme For Traditional Craftsmen
Prime Minister Narendra Modi on Sunday launched the 'PM Vishwakarma' scheme on the occasion of 'Vishwakarma Jayanti', under which traditional craftsmen and artisans will be provided loan assistance at a minimal interest rate
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For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details
The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.
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RBI Instructs Bank To Provide Borrowers Option To Switch To Fixed Interest Rates
The Reserve Bank on Friday asked banks and other lenders to provide individual borrowers an option of switching over to a fixed rate at the time of reset of interest rates.
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"Rs 1 Lakh Loan With Maximum 5% Interest Under Vishwakarma Scheme": Centre
A "PM Vishwakarma" scheme for artisans and craftsmen was approved by the government today, a day after Prime Minister Narendra Modi announced it in his Independence Day speech, his last before next year's national election.
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RBI To Reset Floating Rate Loans: How It Impacts Home Loan Borrowers
Reserve Bank of India (RBI) has announced a transparent framework will be introduced to reset interest rates on floating-interest loans such as home loans.
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SBI Posts Highest-Ever Quarterly Profit Of Rs 16,884 Crore
The State Bank of India (SBI) on Friday reported its highest-ever quarterly profit at Rs 16,884 crore in the April-June quarter of 2023-24 -- a nearly three-fold jump over Rs 6,068 crore in the year-ago period -- buoyed by a steep fall in bad loans and higher interest income.
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Punjab National Bank Q1 Profit Surges 4-Fold To Rs 1,255 Crore
State-owned Punjab National Bank (PNB) on Wednesday posted a four-fold surge in standalone net profit at Rs 1,255 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
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Axis Bank Q1 Net Profit Rises 40% To Rs 5,797 Crore
Private sector lender Axis Bank on Wednesday posted a 40.5 per cent increase in standalone net profit at Rs 5,797 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
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Kotak Mahindra Bank's 67% Profit Jump Beats Expectations
India's Kotak Mahindra Bank beat expectations on Saturday with a 67% year-on-year rise in quarterly net profit, helped by higher net interest income and robust loan growth.
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Jaypee Group's Flagship Firm Defaults On Rs 4,044 Crore Loans
Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,044 crore, including principal and interest amount.
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Byju's in Talks With Potential New Backers to Raise $1 Billion in Funding Amid Shareholder Revolt
Byju’s is in advanced talks with prospective new shareholders for a $1 billion (roughly Rs. 8,200 crore) fundraising round, seeking to stave off attempts by some investors to clip founder Byju Raveendran’s control over the beleaguered tech startup.
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G7 Leaders Agrees On Loan Deal To Support Ukraine With Russian Assets
Leaders of the Group of Seven major democracies agreed on an outline deal on Thursday to provide $50 billion of loans for Ukraine using interest from Russian sovereign assets frozen after Moscow invaded its neighbour in 2022.
-
SpyLoan Malware Apps Used to Blackmail, Extort Users Using Personal Data Detected on Play Store
SpyLoan malware has been spotted on the Play Store over the course of this year and removed by Google, according to details shared by ESET researchers. They are designed to collect vast amounts of information from a user's device when they borrow money, only to blackmail and extort them into repaying the sum with high interest amounts within a shor...
-
Google for India 2023: AI-Powered Search Becomes More Visual and Local, New Services on Google Pay
Google is rolling out improvements to its AI search tool in India. Google is making search generative experience in India more visual and localised for better results. The company announced the updates coming to its AI search in the country at its Google for India 2023 event held Thursday.
-
Dalit Woman Stripped Naked, Urinated Upon Over Rs 1,500 Loan In Bihar
A Dalit woman in Bihar was brutally assaulted and stripped naked for refusing to pay an additional interest on a loan she had taken from a village strongman.
-
PM Launches Rs 13,000 Crore Vishwakarma Scheme For Traditional Craftsmen
Prime Minister Narendra Modi on Sunday launched the 'PM Vishwakarma' scheme on the occasion of 'Vishwakarma Jayanti', under which traditional craftsmen and artisans will be provided loan assistance at a minimal interest rate
-
For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details
The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.
-
RBI Instructs Bank To Provide Borrowers Option To Switch To Fixed Interest Rates
The Reserve Bank on Friday asked banks and other lenders to provide individual borrowers an option of switching over to a fixed rate at the time of reset of interest rates.
-
"Rs 1 Lakh Loan With Maximum 5% Interest Under Vishwakarma Scheme": Centre
A "PM Vishwakarma" scheme for artisans and craftsmen was approved by the government today, a day after Prime Minister Narendra Modi announced it in his Independence Day speech, his last before next year's national election.
-
RBI To Reset Floating Rate Loans: How It Impacts Home Loan Borrowers
Reserve Bank of India (RBI) has announced a transparent framework will be introduced to reset interest rates on floating-interest loans such as home loans.
-
SBI Posts Highest-Ever Quarterly Profit Of Rs 16,884 Crore
The State Bank of India (SBI) on Friday reported its highest-ever quarterly profit at Rs 16,884 crore in the April-June quarter of 2023-24 -- a nearly three-fold jump over Rs 6,068 crore in the year-ago period -- buoyed by a steep fall in bad loans and higher interest income.
-
Punjab National Bank Q1 Profit Surges 4-Fold To Rs 1,255 Crore
State-owned Punjab National Bank (PNB) on Wednesday posted a four-fold surge in standalone net profit at Rs 1,255 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
-
Axis Bank Q1 Net Profit Rises 40% To Rs 5,797 Crore
Private sector lender Axis Bank on Wednesday posted a 40.5 per cent increase in standalone net profit at Rs 5,797 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
-
Kotak Mahindra Bank's 67% Profit Jump Beats Expectations
India's Kotak Mahindra Bank beat expectations on Saturday with a 67% year-on-year rise in quarterly net profit, helped by higher net interest income and robust loan growth.
-
Jaypee Group's Flagship Firm Defaults On Rs 4,044 Crore Loans
Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,044 crore, including principal and interest amount.
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Byju's in Talks With Potential New Backers to Raise $1 Billion in Funding Amid Shareholder Revolt
Byju’s is in advanced talks with prospective new shareholders for a $1 billion (roughly Rs. 8,200 crore) fundraising round, seeking to stave off attempts by some investors to clip founder Byju Raveendran’s control over the beleaguered tech startup.
