Tuesday, April 23

Tag: Loans

Snapdeal Offers Rs 1,000 Cr Collateral Free Loans For Sellers
7Sep By Press Trust of IndiaNo Comments
News

Snapdeal Offers Rs 1,000 Cr Collateral Free Loans For Sellers

Online marketplace Snapdeal has announced collateral-free loans worth Rs 1,000 crore for its sellers ahead of the festive season to enable them to stock up adequately. The loans would be disbursed through its ongoing programme Capital Assist, which is now managed by FreeCharge and is available to all sellers and merchants on Snapdeal, Shopo and FreeCharge, Snapdeal said in a statement here. "The festive season provides an opportunity to our sellers to grow their businesses many times over, with the sharp increase in demand. Through Capital Assist, we have made the funding process frictionless and expect more than Rs 1,000 crore disbursal to Snapdeal sellers ahead of this Diwali season," Vishal Chadha, the Senior Vice President (Market Development) of Snapdeal, said. Snapdeals C...
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Save Your Children From ‘Useless’ Degrees – RBI’s Raghuram Rajan
8May By AnkitaNo Comments
INDIA

Save Your Children From ‘Useless’ Degrees – RBI’s Raghuram Rajan

Reserve Bank of India governor Raghuram Rajan said on Saturday that efforts should be made to make quality higher education affordable and cautioned students to be careful of “unscrupulous schools” that left alumni with high debt and “useless degrees”. Speaking at the convocation ceremony of Shiv Nadar University, Rajan said while banks must be careful to ensure that student loans were repaid in full, there needed to be concessions for those who fell upon bad times or opted for public service jobs. “We have to be careful that student loans are repaid in full by those who have the means, while they are forgiven in part for those who fall on bad times or those who take low-paying public service jobs,” Rajan said. Banks’ bad loans have become a politically sensitive issue after l...
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