Predatory lenders of SASSA grants in 2024 are working in the shadows to undermine the nation’s neediest residents. The South African Social Security Agency is tasked with delivering social welfare to 45% of the population through Older Person, Childcare, Disability and War Veterans grants. This amounts to billions of rands changing hands annually. However, as the … Read more
Hyderabad: India’s largest lender, State Bank of India (SBI) and a host of Indian bankers are reviewing their exposure with the Adani Group to tighten their due diligence after the company’s chairman was indicted by the US government, Reuters reported. According to a Reuters report, eight Indian bankers from SBI, Bank of India, Union Bank, … Read more
Hyderabad: A heated argument broke out between officials of the District Central Cooperative Bank (DCCB) of Adilabad and a borrower who had taken a loan of Rs 3 lakh from the bank. The dispute arose when the officials attempted to remove the teak wood doors from the borrower’s newly constructed house. The incident happened in … Read more
New Delhi: Hospitality major Oyo will refile its initial public offering (IPO) papers with markets regulator Securities and Exchange Board of India (SEBI) after refinancing its existing $450 million Term Loan B (TLB) at a lower interest rate. Oravel Stays Ltd, which operates the travel-tech company Oyo, is close to finalising its refinancing plans where … Read more
Congress has opposed the Centre’s move to deny MSP benefits to farmers, especially of Punjab and Haryana, if they continue to burn farm stubble. Taking note of the ET report that revealed the Centre’s plans in this regard, Congress said instead of taking a comprehensive view on the multiple reasons for pollution in Delhi, the … Read more
Reserve Bank of India Mumbai: The RBI on Monday directed all banks and housing finance companies to provide ‘key fact statements’ (KFS) in simple terms to the prospective borrowers on the loans and interest that they are expected to pay to ensure transparency and help them make informed decisions. All regulated entities, such as banks … Read more
Sales of luxury vehicles are growing at a quick pace in India, so is the demand for loans to finance those purchases. Banks such as HDFC Bank, ICICI Bank, Bank of Baroda, Axis Bank and Kotak Mahindra Bank, as well as non-bank lenders and captive financiers of automakers like Mercedes-Benz and BMW are seeing a … Read more
