Loans for home appliances shoot from 1% in 2020 to 37% in 2024: Survey
Masses are inclined towards purchase of consumer durables through loans, with the home appliances loans rising from just 1% in 2020 to 37% in 2024, a recent survey said.
Masses are inclined towards purchase of consumer durables through loans, with the home appliances loans rising from just 1% in 2020 to 37% in 2024, a recent survey said.
The study by Paisabazaar analysed the credit data of 3.7 crore consumers across India.
In reply to Governor Banwarilal Purohit, Bhagwant Mann said the AAP government raised a loan of Rs 47,107 crore between April 2022 and August 2023.
Bank trade unions and other critics say, with evidence that is difficult to deny, that the bad bank is going to be one more route to help corporate and other big loan evaders. The course involves a corporate entity borrowing money from the bank, then becoming insolvent after some time and defaulting on the loan, leading the bank to sell the assets dirt cheap to another corporation
The state government has already waived off loans of 5.63 lakh such farmers to the tune of Rs 4610 Crore.
This is the fourth reduction in repo rate during 2019.
MCLR for one-month loan and 6-month tenor has been reduced by 0.10 per cent to 8.35 per cent and 8.60 per cent, respectively.
Amid reluctance by banks to pass on the benefits of lower lending rate, RBI Governor Shaktikanta Das on Thursday said the central bank would make sure that transmission of reduced repo rate would be faster and higher.
Looking forward, the bank is well-positioned on the back of strong business growth, capital and liquidity, and the ability to charge spreads to be in leadership positions, SBI said in its annual report 2018-19. In the financial year ended March 2019, SBI posted a standalone profit of Rs 862 crore and a consolidated profit of Rs 2,300 crore.
The partnership aims to make it possible for HDFC to further penetrate the home loan market and access an enlarged customer base, helping them to own a home of their choice, HDFC said.
