BEIJING (Reuters) -Chinese banks are struggling to comply with new Beijing guidelines to boost consumer credit as they reel from…
Tag: Lending
Paragon Bank strengthens SME lending with appointments
Paragon Bank has announced two senior appointments to its SME Lending division as part of a wider strategy to accelerate…
Secure Trust Bank exits new lending in vehicle finance
UK-based Secure Trust Bank is set to exit new lending in the vehicle finance market, impacting 284 roles by 2030.…
Small Finance Banks: RBI reduces priority sector lending target for SFBs
Kolkata: Small finance banks received a fresh lease of life with the Reserve Bank of India lowering their priority sector…
lending: Market’s next big cue may come from earnings and rural revival: Shiv Puri
“One thing that we have clearly seen over the last 12 months is a tightening of unsecured personal lending and…
China’s May lending seen tripling on monetary measures, trade truce: Reuters poll
By Liz Lee BEIJING (Reuters) – China’s new yuan loans more than tripled in May compared with a month ago,…
Exclusive-Walmart’s Flipkart secures approval for direct lending in India
By Ashwin Manikandan (Reuters) -Walmart’s Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling…
‘BrahMos, Pinaka, Akash activated together’: RBI’s 100 bps CRR cut floods banks with lending firepower
In a powerful one-two monetary punch, the Reserve Bank of India on Friday cut the Cash Reserve Ratio (CRR) by…
mutual funds growth FY25: Bank investments in MFs soar 91% in FY25 amid subdued lending, surplus liquidity
Amid subdued lending and surplus liquidity, banks are earning relatively attractive returns from an untraditional source—mutual funds. Banks’ mutual fund…
New York sues DailyPay and MoneyLion, alleging predatory payday lending
By Jonathan Stempel NEW YORK (Reuters) – New York’s attorney general sued DailyPay and MoneyLion on Monday, accusing the app-based…