“[The] Reserve Bank’s supervisory reviews have indicated divergent practices amongst Regulated Entities (REs) about levy of pre-payment charges in case of loans sanctioned to MSEs, which led to customer grievances and disputes,” the central bank noted in the RBI (Pre-payment Charges on Loans) Directions, 2025 on July 2. More critically, it flagged that certain lenders
CORPUS CHRISTI, Texas — Small Business Administration relief is still available to Texas nonprofits, small businesses, and neighbors impacted by May severe storms and straight-line winds. The deadline to apply is August 1. KRIS 6 first reported about the severe storms that rattled parts of the Coastal Bend back in early May. The disaster declaration
RBI directs banks to stop levying pre-payment charges on business loans for individuals and MSEs, effective January 1, 2026. New rules aim to improve access to affordable financing. Mumbai, Jul 2 (PTI) The RBI on Wednesday directed banks and other lenders not to levy any pre-payment charges on all floating-rate loans and advances, including for
Others Specials Introduction Pursuing an MBA is a significant investment in your career, and for many students, securing an education loan is a necessary step. However, there’s a key difference when it comes to financing your education for an Executive MBA (EMBA) compared to a Full-Time MBA. While both programs offer valuable qualifications, they come
Mumbai: Bank credit growth to non-banking financial companies (NBFCs) continues to lose steam, even after the Reserve Bank of India (RBI) rolled back tighter risk-weight norms earlier this year to support the sector. Experts said NBFCs are increasingly turning to bond markets for cheaper and quicker funding, while stress in microfinance and unsecured business loans
Nearly half a million graduate students nationwide would each lose access to tens of thousands of dollars in school loans annually if the massive tax-and-spending bill before Congress becomes law. President Donald Trump’s signature proposal would eliminate a major form of federal financial aid for would-be lawyers, doctors and other professionals—the grad PLUS federal student
HT Syndication Pune (Maharashtra) [India], July 2: Bajaj Markets, one of the leading financial marketplaces in India, enables salaried individuals to explore and apply for personal loans of up to ₹55 Lakhs from multiple trusted lenders. Show Full Article With interest rates starting at 9.99% per annum and flexible repayment tenures of up to 96
Gold loans appear to have emerged as the best bet for microfinance companies planning to increase the share of secured portfolio, although the regulator has tightened rules for lenders to the yellow metal. Companies like Arohan Financial Services and Uttrayan Financial Services are among the notable ones which have taken definite steps to explore this
Social venture Mona and the University of Chicago’s Polsky Center for Entrepreneurship and Innovation have helped 23 Chicago-area entrepreneurs get $200,000 worth of zero-interest loans from Kiva, a global microloan platform. Mona and the Polsky Center collaborated with Kiva, which has distributed the loans to mostly South Side businesses in the past year. The loans
Cohen insisted he has “more than sufficient assets to cover any payment obligations,” according to an affidavit filed in New York State Supreme Court on June 24 as part of a motion to dismiss. “During my tenure as a business person, I have never failed to make good on my financial obligations or the financial