Your Data for Cash: Indian Lending Apps Force Tough Choice
Reuters | Saturday January 30, 2021
Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers' data, underlining the risks to driving financial inclusion with newer technologies.
For MSMEs, $40 Billion Unsecured Loans, Guaranteed By Government
Business | Siddhartha Singh and Vrishti Beniwal, Bloomberg | Wednesday May 13, 2020
The loans will benefit up to 45 crore small businesses, Finance Minister Nirmala Sitharaman said.
Other Fugitives Will Be Extradited Like Christian Michel: Union Minister
India News | Press Trust of India | Tuesday January 22, 2019
Accusing the UPA regime of handing out unsecured loans, Union Minister Prakash Javadekar Tuesday said fugitives Mehul Choksi, Nirav Modi and Vijay Mallya will be brought back just like Christian Michel.
Axis, Suvidhaa Tie-Up For Collateral-Free Loans To Urban Poor
Business | Press Trust of India | Friday August 12, 2016
Private sector Axis Bank launched a micro-lending product to disburse unsecured loans of up to Rs 15,000 to the urban low income segment using payments company Suvidhaa Inforserve's customer database.
Yes Bank Gets $200 Million From ADB for On-Lending
Business | Tuesday December 23, 2014
Yes Bank on Tuesday said it has raised $200 million in an unsecured loan from Asian Development Bank for on-lending to small farm households and rural womens' self-help groups (SHG).
Suzlon Energy plans to raise up to Rs 5,000 crore
Business | Monday September 2, 2013
Besides, Suzlon would seek shareholders' approval for issuance of compulsorily convertible debentures on preferential basis to the promoters "in consideration of conversion of the promoter unsecured loan of Rs 145 crore".
Why a loan default is not the end of the road
Business | Thursday July 4, 2013
Taking a loan impacts ones cash flows by way of EMI payments. Now, the question is- what happens to your loan commitments, in case you lose your job or get caught up in a debt because of too many commitments?
Ex-call centre workers arrested after complaint by British High Commission
India News | Press Trust of India | Monday January 21, 2013
They used their call centre skills to project themselves as employees of UK banks to cheat Britons by luring them into obtaining unsecured loans and fleecing them of the processing fee.
Former call centre workers arrested for cheating Britons
Business | Monday January 21, 2013
They used their call centre skills to impersonate as employees of UK banks to cheat Britons by luring them into obtaining unsecured loan and fleecing them of the processing fee.
Subramanian Swamy's allegations against Sonia and Rahul Gandhi: Read full statement
India News | NDTV.com | Thursday November 1, 2012
Janata Party chief Subramanian Swamy accused Congress president Sonia Gandhi and her son Rahul of 'a stinking deal' where they floated a private company which then went on to illicitly acquire a public limited company which has valuable property in Uttar Pradesh and Delhi. He alleged that the Congress gave an unsecured loan of Rs. 90 crores to the ...
No unsecured loans were given to Robert Vadra, DLF clarifies
India News | Edited by Abhinav Bhatt | Sunday October 7, 2012
Real estate giant DLF has dismissed all allegations that it gifted Robert Vadra interest-free loans and sweetheart deals on a series of apartments in Gurgaon. The developer said its deals with Mr Vadra were totally transparent and that no quid pro quo was involved to help DLF get vast tranches of land in states like Delhi and Haryana where the Cong...
Indus Fila to issue 2.97 mln shares to promoters for unsecured loan
Business | NDTV Correspondent | Wednesday November 23, 2011
MUMBAI, SEPTEMBER 01: Indus Fila Ltd board has approved issue of 2.97 million shares at Rs 30 per share to promoters on part conversion of unsecured loans. In a media release Wednesday, Indus Fila said the value of the unsecured loans on conversion to shares will total Rs 89.10 million. At 9:20AM, Indus Fila shares were at Rs 27 on National Sto...
No collateral required for loans to weaker sections
Business | NDTV Correspondent | Saturday October 29, 2011
The provision of collateral security for getting loans from banks has been waived for Scheduled Castes and Scheduled Tribes as part of measures to grant them easier access to credit, according to the government. "There is no need for collateral security for these sections for getting bank loans," finance minister Pranab Mukherjee told the L...
Your Data for Cash: Indian Lending Apps Force Tough Choice
Reuters | Saturday January 30, 2021
Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers' data, underlining the risks to driving financial inclusion with newer technologies.
For MSMEs, $40 Billion Unsecured Loans, Guaranteed By Government
Business | Siddhartha Singh and Vrishti Beniwal, Bloomberg | Wednesday May 13, 2020
The loans will benefit up to 45 crore small businesses, Finance Minister Nirmala Sitharaman said.
Other Fugitives Will Be Extradited Like Christian Michel: Union Minister
India News | Press Trust of India | Tuesday January 22, 2019
Accusing the UPA regime of handing out unsecured loans, Union Minister Prakash Javadekar Tuesday said fugitives Mehul Choksi, Nirav Modi and Vijay Mallya will be brought back just like Christian Michel.
Axis, Suvidhaa Tie-Up For Collateral-Free Loans To Urban Poor
Business | Press Trust of India | Friday August 12, 2016
Private sector Axis Bank launched a micro-lending product to disburse unsecured loans of up to Rs 15,000 to the urban low income segment using payments company Suvidhaa Inforserve's customer database.
Yes Bank Gets $200 Million From ADB for On-Lending
Business | Tuesday December 23, 2014
Yes Bank on Tuesday said it has raised $200 million in an unsecured loan from Asian Development Bank for on-lending to small farm households and rural womens' self-help groups (SHG).
Suzlon Energy plans to raise up to Rs 5,000 crore
Business | Monday September 2, 2013
Besides, Suzlon would seek shareholders' approval for issuance of compulsorily convertible debentures on preferential basis to the promoters "in consideration of conversion of the promoter unsecured loan of Rs 145 crore".
Why a loan default is not the end of the road
Business | Thursday July 4, 2013
Taking a loan impacts ones cash flows by way of EMI payments. Now, the question is- what happens to your loan commitments, in case you lose your job or get caught up in a debt because of too many commitments?
Ex-call centre workers arrested after complaint by British High Commission
India News | Press Trust of India | Monday January 21, 2013
They used their call centre skills to project themselves as employees of UK banks to cheat Britons by luring them into obtaining unsecured loans and fleecing them of the processing fee.
Former call centre workers arrested for cheating Britons
Business | Monday January 21, 2013
They used their call centre skills to impersonate as employees of UK banks to cheat Britons by luring them into obtaining unsecured loan and fleecing them of the processing fee.
Subramanian Swamy's allegations against Sonia and Rahul Gandhi: Read full statement
India News | NDTV.com | Thursday November 1, 2012
Janata Party chief Subramanian Swamy accused Congress president Sonia Gandhi and her son Rahul of 'a stinking deal' where they floated a private company which then went on to illicitly acquire a public limited company which has valuable property in Uttar Pradesh and Delhi. He alleged that the Congress gave an unsecured loan of Rs. 90 crores to the ...
No unsecured loans were given to Robert Vadra, DLF clarifies
India News | Edited by Abhinav Bhatt | Sunday October 7, 2012
Real estate giant DLF has dismissed all allegations that it gifted Robert Vadra interest-free loans and sweetheart deals on a series of apartments in Gurgaon. The developer said its deals with Mr Vadra were totally transparent and that no quid pro quo was involved to help DLF get vast tranches of land in states like Delhi and Haryana where the Cong...
Indus Fila to issue 2.97 mln shares to promoters for unsecured loan
Business | NDTV Correspondent | Wednesday November 23, 2011
MUMBAI, SEPTEMBER 01: Indus Fila Ltd board has approved issue of 2.97 million shares at Rs 30 per share to promoters on part conversion of unsecured loans. In a media release Wednesday, Indus Fila said the value of the unsecured loans on conversion to shares will total Rs 89.10 million. At 9:20AM, Indus Fila shares were at Rs 27 on National Sto...
No collateral required for loans to weaker sections
Business | NDTV Correspondent | Saturday October 29, 2011
The provision of collateral security for getting loans from banks has been waived for Scheduled Castes and Scheduled Tribes as part of measures to grant them easier access to credit, according to the government. "There is no need for collateral security for these sections for getting bank loans," finance minister Pranab Mukherjee told the L...
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