Money Lending Business
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Did You Know: Vivek Oberoi Travels Economy While Running A Rs 3,400 Crore Money-Lending Business
Vivek Oberoi's startup offers education fee financing without collateral to schools and colleges via a B2B network
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SBI, Kotak, Federal Bank Hike Lending Rates, Making Loans Expensive
Sate-owned SBI and private lenders Kotak Mahindra Bank and Federal Bank have hiked their lending rates.
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More Pain For Borrowers As SBI Hikes Benchmark Lending Rate By 0.7% To 13.4%
The country's largest lender, State Bank of India (SBI), raised the Benchmark Prime Lending Rate (BPLR) by 70 basis points (or 0.7 per cent) to 13.45 per cent on Wednesday.
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Loans To Get Costlier As Banks Raise Lending Rates After RBI Hike
The equated monthly installments (EMIs) and borrowing costs on loans will get costlier as major Indian banks have raised their lending rates or will do so soon.
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Vehicle Insurance Premiums To Banking Services: Here’s What’s Going To Be Costlier From June 1
The Ministry of Road Transport and Highways has increased the third-party motor insurance premium for various categories of vehicles
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State Bank Of India Hikes Lending Rates By 0.1%, EMIs To Rise
The country's largest lender State Bank of India has raised its marginal cost of funds based lending rate by 10 basis points or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers.
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Tax Department Detects Rs 300 Crore Black Money After Raids On 2 Rajasthan Groups
The Income Tax Department has detected unaccounted income totalling Rs 300 crore after it raided two Rajasthan-based groups engaged in the business of electrical goods manufacture and money lending respectively, the CBDT said on Tuesday.
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Man Arrested For Illegal Lending Business, Son For Rape In Madhya Pradesh: Police
The 20-year-old son of a man involved in illegal money lending was arrested on Monday for allegedly raping a woman by threatening her in Jabalpur in Madhya Pradesh, police said.
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Alleged Kingpin Of Money Lending Racket Arrested From Tamil Nadu
By running the lending and extortion business, Maharajan has gone on to earn proceeds of crime worth hundreds of crore.
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Rural Economy Hit Hard As Informal Lending Breaks Down
Life was good for Mitharam Patil, a wealthy money lender from a small village in the Indian state of Maharashtra.
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Banks Waive Merchant Discount Rate For All Debit Cards Till December 31
Leading banks, including ICICI Bank and HDFC Bank, have waived merchant discount rate (MDR) on debit cards till December 31 to facilitate payments by customers following government's move to do away with the charge levied on merchants.
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When Your Computer's Location Could Deny You A Loan!
There was a time when banks used a handful of information to assess the creditworthiness of the borrower. With the introduction of credit score, the lending industry saw a huge revolution.
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Pune's 'Gold Man' Datta Phuge Beaten To Death In Front Of Son, Nephew Arrested
Datta Phuge, the Pune businessman who came to be known as the "gold man" after he was photographed in a pure gold shirt a few years ago, was allegedly beaten to death in front of his son late last night.
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Andhra Pradesh Enacts Law; No Money Lending Without License Now
In the wake of the call money racket issue that rocked the state in recent weeks, Andhra Pradesh Legislative Assembly on Monday passed a bill aiming to regulate the private money lending business.
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RBI keeps repo rates unchanged, CRR cut by 0.5%
The Reserve Bank of India today announced its review of the third quarter monetary policy. The central bank did not touch repo rate (the rate at which the RBI lends funds to banks) and reverse repo rate (at which the RBI borrows money from banks).
-
Did You Know: Vivek Oberoi Travels Economy While Running A Rs 3,400 Crore Money-Lending Business
Vivek Oberoi's startup offers education fee financing without collateral to schools and colleges via a B2B network
-
SBI, Kotak, Federal Bank Hike Lending Rates, Making Loans Expensive
Sate-owned SBI and private lenders Kotak Mahindra Bank and Federal Bank have hiked their lending rates.
-
More Pain For Borrowers As SBI Hikes Benchmark Lending Rate By 0.7% To 13.4%
The country's largest lender, State Bank of India (SBI), raised the Benchmark Prime Lending Rate (BPLR) by 70 basis points (or 0.7 per cent) to 13.45 per cent on Wednesday.
-
Loans To Get Costlier As Banks Raise Lending Rates After RBI Hike
The equated monthly installments (EMIs) and borrowing costs on loans will get costlier as major Indian banks have raised their lending rates or will do so soon.
-
Vehicle Insurance Premiums To Banking Services: Here’s What’s Going To Be Costlier From June 1
The Ministry of Road Transport and Highways has increased the third-party motor insurance premium for various categories of vehicles
-
State Bank Of India Hikes Lending Rates By 0.1%, EMIs To Rise
The country's largest lender State Bank of India has raised its marginal cost of funds based lending rate by 10 basis points or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers.
-
Tax Department Detects Rs 300 Crore Black Money After Raids On 2 Rajasthan Groups
The Income Tax Department has detected unaccounted income totalling Rs 300 crore after it raided two Rajasthan-based groups engaged in the business of electrical goods manufacture and money lending respectively, the CBDT said on Tuesday.
-
Man Arrested For Illegal Lending Business, Son For Rape In Madhya Pradesh: Police
The 20-year-old son of a man involved in illegal money lending was arrested on Monday for allegedly raping a woman by threatening her in Jabalpur in Madhya Pradesh, police said.
-
Alleged Kingpin Of Money Lending Racket Arrested From Tamil Nadu
By running the lending and extortion business, Maharajan has gone on to earn proceeds of crime worth hundreds of crore.
-
Rural Economy Hit Hard As Informal Lending Breaks Down
Life was good for Mitharam Patil, a wealthy money lender from a small village in the Indian state of Maharashtra.
-
Banks Waive Merchant Discount Rate For All Debit Cards Till December 31
Leading banks, including ICICI Bank and HDFC Bank, have waived merchant discount rate (MDR) on debit cards till December 31 to facilitate payments by customers following government's move to do away with the charge levied on merchants.
-
When Your Computer's Location Could Deny You A Loan!
There was a time when banks used a handful of information to assess the creditworthiness of the borrower. With the introduction of credit score, the lending industry saw a huge revolution.
-
Pune's 'Gold Man' Datta Phuge Beaten To Death In Front Of Son, Nephew Arrested
Datta Phuge, the Pune businessman who came to be known as the "gold man" after he was photographed in a pure gold shirt a few years ago, was allegedly beaten to death in front of his son late last night.
-
Andhra Pradesh Enacts Law; No Money Lending Without License Now
In the wake of the call money racket issue that rocked the state in recent weeks, Andhra Pradesh Legislative Assembly on Monday passed a bill aiming to regulate the private money lending business.
-
RBI keeps repo rates unchanged, CRR cut by 0.5%
The Reserve Bank of India today announced its review of the third quarter monetary policy. The central bank did not touch repo rate (the rate at which the RBI lends funds to banks) and reverse repo rate (at which the RBI borrows money from banks).
