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Hela August 24, 2019

Cracking down on a flurry of apps selling personal loans in a deceiving manner on Play Store, Google has brought a stringent policy for such apps to create a safeguard for susceptible customers. It means the apps, which lure customers with low-interest rate loans and eventually defraud them with tricky terms & conditions and charging […]

Hela August 19, 2019

An Andhra Pradesh-based microfinance institution (MFI) recently decided to thoroughly screen all its sales-force after complaints of misselling from rural customers. It now checks their previous employment records as well. The MFI industry, that has around 80,000-85,000 employees, was one of the sectors that did not consider background verification of employees an important factor in […]

Hela August 9, 2019

FILE – In this Feb. 8, 2019, file photo a pedestrian walks down South Broad Street in Philadelphia. Bounce back from a personal loan rejection by building your credit score, growing your income and paying off debt. Shop around and apply at lenders whose minimum qualifications you meet. (AP Photo/Matt Rourke, File) Getting rejected for […]

Hela July 30, 2019

Small businesses and MSMEs form the backbone of India’s economy and may hold the key to solving India’s unemployment crisis. To sustain operations and eventually expand, these small businesses require large amounts of capital. However, the sector is facing a working capital crunch, and there is a lack of access to affordable credit. To account […]

Hela July 29, 2019

Life insurance products are undergoing major changes, and mostly to the benefit of policyholders. The Insurance Regulatory and Development Authority of India (Irdai) recently released the final product regulations covering term, endowment, Ulips and pension plans. 1. Higher withdrawals allowed in pension plans The maximum withdrawal allowed at maturity under pension plans has been increased […]

Hela July 16, 2019

When you’re applying for a personal loan, it may seem like the terms and conditions are written in another language. To help you out, here’s a primer. These 19 personal loan terms will bring your vocabulary up to speed and help you make the right decision. 1. Annual percentage rate (APR) How much you pay to […]

Hela July 15, 2019

LIC recorded two-fold rise in its new premium collection to ₹ 26,030.16 crore Led by LIC, life insurers’ collective new premium income jumped 94 per cent to ₹32,241.33 crore in June this year, according to data from Insurance Regulatory and Development Authority. All the 24 life insurers had written new gross premium of ₹16,611.57 in the same month a […]

Hela July 12, 2019

Shriram Transport Finance Company will raise up to $ 250 million from global markets to augment its on-lending programme. The bond issuance committee of the company on Thursday approved the issuance of $ 250 million (over Rs 1,700 crore) senior secured notes under its $ 2000 million global medium term note programme, Shriram Transport Finance […]