The Detroit NewsSnyder ‘open’ to ending EAA school reformThe Detroit NewsGov. Rick Snyder said Monday he’s “open” to disbanding his controversial Education Achievement Authority if it’s part of a deal with the Legislature to overhaul public education governance in Detroit. The Republican governor started the authority three …and more »
Business StandardHDFC Bank launches 10-second personal loan disbursement schemeBusiness StandardCommenting on the development, HDFC Bank Unsecured Loans, Home & Mortgage Loans Business Head Arvind Kapil said: “Most customers expect banks to connect the dots between online and offline options to deliver convenient, consistent service.”and more »
The Indian ExpressNeed of the hour: Disclosure transparencyThe Indian ExpressBanks classify a bad loan account technically as NPA only after three months. As per the RBI norms, an account becomes NPA if interest and/ or installment of principal remain overdue for a period of more than 90 days in respect of a term loan. “Many of …
What’s a Good Interest Rate on a Personal Loan?NerdWallet (blog)In most cases, rates start around 10% APR for people with good credit who are taking out an unsecured loan — one that does not require collateral — from banks and credit unions. Borrowers with excellent credit may be able to find lower rates from …and more »
Wall Street JournalBuddhist Monk in Thailand Relies on Karma for Lending SuccessWall Street JournalIn rural areas, government-sponsored village credit programs have lent more than $5 billion since the idea caught on in the early 2000s, making Thailand one of the biggest players in the global microfinance scene. Nonetheless, demand for Phra Subin’s …