A Sundargarh consumer court directed an electronics store to refund Rs 19,999 plus Rs 15,000 compensation and Rs 5,000 costs for negligence after a customer was charged twice for a mobile phone. Read the full story.
India's markets regulator Sebi has denied media reports of changes to the short selling framework. The existing regulatory structure for short selling remains unchanged. Get the full details here.
State Bank of India's home loan portfolio, its largest business unit, is on track to exceed ₹10 lakh crore next year, driven by strong demand and low NPAs. Discover the growth story.
Maharashtra govt sets up SIT to investigate Chandrapur kidney racket where farmers were forced to sell organs. 5 accused arrested. Details on the illegal money lending and organ trafficking network.
A youth from Sambhal arrested after his Bank of Baroda account was used to funnel crores in a pan-India cyber fraud. The scam, promising high stock returns on WhatsApp, highlights a dangerous new trend of 'account lending' to syndicates. Stay vigilant.
Justice G Radha Rani appointed President of Telangana State Consumer Disputes Redressal Commission, becoming India's first woman to lead a state consumer panel. Read about her landmark career.
A Bengaluru consumer commission fined Aditya Birla Health Insurance for rejecting a genuine claim citing hospital's late intimation. The firm must pay Rs 2.6 lakh with interest and compensation.
Asian Development Bank pledges $4.258 billion for India's 2025 projects in skilling, renewable energy, urban infra, and healthcare. Details on PM-SETU, Surya Ghar, and metro expansions inside.
MSME credit growth surges to 20%, hitting ₹10.7 lakh crore, driven by government guarantees and Udyam push. Discover how this fuels India's economic engine.
Fintech app SalaryOnTime reports a massive 200% growth in installs, driven by its instant, paperless loan services. Discover how it's changing financial access for India's workforce.
Experts predict a fundamental shift in co-lending partnerships between banks, NBFCs, and fintechs. Speed, transparency, and trust will define winning models as regulations tighten and customer expectations evolve. Read more.
Chandrapur farmer Roshan Kule sold his kidney to repay loans but fell into bonded labour in Laos. Rescued after MLA's intervention, police probe illegal lending & organ trade. Read the shocking details.
A marginal farmer from Chandrapur was forced to sell his kidney after illegal moneylenders charged 40% monthly interest, trapping him in a Rs 74 lakh debt. Police have registered a case and arrested six accused. Read the full story.
First Brands founder Patrick James accuses lenders of predatory practices leading to bankruptcy, while new management alleges massive financial fraud. Key details inside.
India's fintech lending shifts focus from rapid expansion to liability management and customer monetization after regulatory overhaul. Discover the new priorities and IPO plans shaping the sector's future.
A Bengaluru shopkeeper cheated in a Dasara chit scheme wins a legal battle. The consumer commission ordered a ₹6,600 refund with interest and ₹8,000 compensation for mental agony. Read the full story.
Tamil Nadu's new money lending rules remove collateral for loans under ₹4 lakh and up to ₹10 lakh for SHGs, aiming to empower low-income groups and women entrepreneurs. Discover how this policy change fosters financial inclusion.
Fino Payments Bank, now an SFB, plans a strategic shift towards secured lending like property loans, avoiding unsecured risks. Read about its merchant-focused growth plan.
US Senator Elizabeth Warren warns private credit market failures are 'tip of the iceberg', urges regulators to conduct stress tests. Read more on the growing risks to the financial system.
RBI's MPC slashed repo rate by 25 bps to 5.25%, urging banks to cut lending rates. See how HDFC, SBI, ICICI, and other top banks' home loan rates are impacted. Check your potential EMI savings now!
The RBI has revoked its 2016 framework that pushed large borrowers to debt markets. The move is expected to boost corporate bank credit by ₹3-4.5 trillion. Read the full analysis.
Philippines-based digital bank Tonik secures $12 million in pre-Series C funding to expand its capital-efficient lending operations and drive financial inclusion.
PSU bank chiefs warn RBI of a 70-bps margin squeeze as loans reprice instantly with repo rate cuts, but deposit rates lag. Key asymmetry threatens profitability.
Noida's District Consumer Commission orders Reliance General Insurance to pay a policyholder's Rs 51,462 claim with interest, ruling that claims cannot be rejected on mere suspicion. Learn about the landmark decision.
Trichy consumer court penalises Amazon for delivering t-shirts instead of a mini projector to a differently-abled customer. Read the full story of the legal battle and the court's order.
The Indian government's new digital credit assessment model for MSMEs aims to streamline lending, reduce bank delays, and boost financial inclusion. Learn how this initiative works.
Bengaluru's Viva Money surpasses 1,000 credit lines issued in 3 months, disbursing ₹3.5 Cr+ loans. Plans expansion to Rajasthan & Maharashtra, aiming for 40,000 credit lines by year-end. Read more.
Rang De's peer-to-peer lending platform reaches Rs 100 crore disbursement, connecting 11,000 lenders with 28,000 underserved borrowers across India. Discover how ordinary Indians are fueling rural entrepreneurship.
Ranga Reddy consumer commission mandates holiday resort to refund ₹1.8 lakh with interest and compensation for failing to honor membership commitment. Learn your consumer rights!
A Greater Noida woman wins a consumer case against Myntra. The company was ordered to refund Rs 7,009 with interest and pay Rs 4,000 in compensation for failing to process a return.