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Deepika Asthana
New Delhi, July 9, 2018
Online aggregators are doing much more than connecting the customer with the service provider. Their future depends on ability to keep innovating.


Anand Adhikari
New Delhi, July 9, 2018
Fintech players are making a mark in the lending business but need a sustainable business model.


Virendrasingh Ghunawat
Mumbai, July 6, 2018
It's not only the diamantaires Nirav Modi and Mehul Choksi who conspired and cheated the Punjab National Bank (PNB) of Rs 13,600 crore loan amount. Mumbai's leading hawala operator Mohammad Farooq was also not far behind, a charge sheet filed by the Enforcement Directorate has revealed.


Virendrasingh Ghunawat
Mumbai, July 3, 2018
Choksi indulged in fund diversion to fulfil his luxurious needs. In 2013, he purchased a villa from Ziad Khalil Makkawi and Amal Boudhara Makkawi (UAE) and paid Rs 27 crore. To pay the EMI, Rs 15 lakh used to be transferred to Choksi's account from Gitanjali Venture DMCC in the guise of professional fees.


BusinessToday.In
New Delhi, June 29, 2018
The proposal, still at a nascent stage, envisages borrowers filling in relevant details online, based on which they will subsequently receive competitive offers from interested lenders.


Mudit Kapoor
New Delhi, June 28, 2018
Potential lenders view CIBIL score as the most important factor before granting a loan. If your CIBIL score is low then your loan application may straightaway be rejected by the lenders.


Sunil Sharma
June 22, 2018
Term insurance is a must have for all who have dependent family members or liabilities to pay off. This is the most basic and cheapest form of pure protection life insurance to protect the life style of dependent family members in the unfortunate event of demise of the breadwinner of family.


Munish Chandra Pandey
New Delhi, June 20, 2018
The agency further charged Mallya with diverting Rs 255 crore to the UK and from there transferring it into the account of his Formula 1 team. IN 2008, Mallya diverted Rs15.9 crore of the loan money from KAL account into the account of RCB.


BusinessToday.In
New Delhi, June 19, 2018
The ED also alleged that Mallya and other airline officials \"hatched a criminal conspiracy for obtaining/sanctioning of bank loan to Ms KAL in gross violations of established procedures and the firm had no intention for repayment of the loan\".


Virendrasingh Ghunawat
Mumbai, June 12, 2018
The chargesheet said Nirav Modi conspired with other accused to cheat the bank. \"He was the mastermind behind the scam, designing the entire scheme of fraud and the movement of the monies under the grab of export/import of diamonds and other jewelleries,\" it added.


BusinessToday.In
New Delhi, June 7, 2018
RBI monetary policy: MPC hikes repo rate by 25 basis points to 6.25%, keeps stance neutralThe monetary policy committee of the Reserve Bank of India (RBI) on Wednesday decided to hike the repo rate by 25 basis points to 6.25 per cent while maintaining a neutral stance. All the members of RBI's MPC voted in favour of a rate hike. The verdict of six-member MPC, headed by RBI Governor Urjit Patel, came after three days of deliberations instead of the usual two days. This is the first...


BusinessToday.in
New Delhi, June 6, 2018
BusinessToday.In Editor Rajeev Dubey talks about how the repo rate is going to affect companies, people and economy after the Reserve Bank of India hiked the repo rate by 25 basis points to 6.25 per cent while maintaining a neutral stance. The increase in repo rate comes as bad news for those who have borrowed from banks because it is likely to lead to an increase in the interest they pay on loans, be it home loan, car loan or personal loan.


BusinessToday.In
June 6, 2018
The monetary policy committee of the Reserve Bank of India (RBI) on Wednesday decided to hike the key repo rate by 25 basis points to 6.25 per cent while maintaining a neutral stance.


PTI
June 4, 2018



PTI
June 1, 2018



Deepika Asthana
New Delhi, May 28, 2018
As banks and financial institutions integrate fintech solutions with their core banking platform, it's a win for both.


Anand Adhikari
New Delhi, May 28, 2018
Public sector banks have a lot of catching up to do to engage with fintech players.


BusinessToday.In
New Delhi, May 25, 2018
Amazon Alexa caught recording a private conversation and sending it to a random contact; Samsung asked to pay $539 million to Apple; and Apple paying Rs 3,900 each to some of its customers; along with Xiaomi money lending platform; and more tech news this week in BusinessToday.In Weekly Tech Wrap with Vivek Punj.


BusinessToday.in
New Delhi, May 24, 2018
Xiaomi launches money lending platform Mi CreditExpanding its portfolio of value-added internet services, Xiaomi has launched its own instant lending platform Mi Credit in India. The platform lists financial loan providers that MIUI users can access to apply for quick loans. MIUI users can avail personal loans from Rs 1,000 to Rs 1 lakh from the only loan provider listed on Mi Credit, Kreditbee. Xiaomi claims that loans can be initiated in 10 minutes through Mi Credit with simpl...


BusinessToday.In
New Delhi, May 24, 2018
Expanding its portfolio of value-added internet services, Xiaomi has launched its own instant lending platform Mi Credit in India. The platform lists financial loan providers that MIUI users can access to apply for quick loans.


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