Tag: Loan

When Lal Bahadur Shastri took a loan from PNB

Banks have all kinds of customers. There are some customers who obtain loans amounting to thousands of crores of rupees but fail to pay the loan back. Then there are others who take very small loans – probably a few thousands of rupees – but pay the entire amount back. Those in the latter category...

February 22, 2018

Supreme Court asks Rajinikanth wife’s company to pay back loan

The Supreme Court on Tuesday asked a company, one of whose directors is Latha Rajinikanth – wife of Tamil superstar-turned politician Rajinikanth and one of the firm’s directors, to repay the outstanding loan within three months, otherwise, she will liable for the amount. Latha Rajinikanth is one of the Directors of the Mediaone Global Entertainment...

February 20, 2018

Kuwait pledges $2bn to support reconstruction in Iraq

Kuwait will allocate $1 billion in loan and another $1billion in investment in Iraq to help its reconstruction process, Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah announced on Wednesday. The magnitude of destruction inflicted on Iraq by terrorists cannot be overlooked. This cannot be endured by Iraq alone and the international community must shoulder its responsibility,...

February 14, 2018

Paisalo launches app for loan disbursals to MSEs

Paisalo Digital Limited has launched a game-changing application, exclusively for MSEs or medium and small enterprises that assures hassle-free disbursal of loan between Rs 10,000 and Rs 50,000 without middleman or corruption in three easy steps on borrowers’ mobile device. The three steps that require compliance are borrower applying on its App and disclose her/his...

January 25, 2018

Loan waiver: Punjab farmer union begins 5-day protest

Even as Punjab Chief Minister, Amarinder Singh on Saturday appealed farmer unions to shun the path of agitation as his government could not afford total farm loan waiver, a farmer union on Monday began a five-day protest in 13 districts to press for total waiver of farm loans. The Bharti Kisan Union (Ekta-Ugrahan) is holding...

January 22, 2018

Total loan waiver unaffordable: Capt

With Punjab farmers continuing their protests for a total farm loan waiver, Punjab Chief Minister Amarinder Singh on Saturday appealed to them to shun the path of agitation, saying his government could not afford to waive off any more of their debts at the present juncture. This appeal comes days after the Congress government launched...

January 20, 2018

1,463 bad loan accounts owe PSU banks Rs 100 crore or more

As many as 1,463 entities account for bad loans of Rs 100 crore or more in 21 public sector banks (PSBs), finance ministry data showed. In State Bank of India (SBI) alone, 265 accounts had bad loans of more than Rs 100 crore each, totalling Rs 77,538 crore, at the end of the September quarter....

January 7, 2018

‘Provide comprehensive loan waiver scheme to farmers’

Shiromani Akali Dal (SAD) president Sukhbir Singh Badal on Friday demanded the Amarinder Singh government to scrap its loan waiver scheme and replace it with a comprehensive waiver scheme covering all indebted farmers. In a statement, he said the Congress government was playing with the lives of Punjab farmers by proposing to implement a fraudulent...

January 5, 2018

Pride, misleading…

It is with pride that the media claims credit for the financial assistance its reportage has facilitated being extended to an otherwise forgotten hero of Indian boxing. Kaur Singh, an ex-serviceman is in difficult circumstances, finding it hard to repay a loan taken to pay for medical expenses incurred treating a cardiac ailment. However, the...

December 17, 2017

Double digit loan growth possible next year, says HDFC Bank

The banking sector has the potential to touch double-digit loan growth next year as there are signs of corporate demand picking up and other credit avenues stabilising, a top official of HDFC Bank has said. After clocking just under 10 per cent growth for almost a year, credit expansion fell to under 5 per cent...

December 3, 2017

ADB to provide $275 mn loan for water supply project in MP

Asian Development Bank will provide $275 million loan for a piped water supply project for rapidly urbanising small towns, covering 3 lakh households, in Madhya Pradesh. The state government will provide a $124 million counterpart support for the project which is estimated to be completed by June 2022, ADB said. The loan agreement for $275...

June 20, 2017

Impoverishment of agri sector, loan waiver triggered protests: Experts

The almost deliberate impoverishment of the agriculture sector by successive governments, which has translated into poor returns to farmers, and the recent loan waiver decision by Uttar Pradesh appear to have triggered massive protests in many states, including Maharashtra and Madhya Pradesh. Farmers are struggling hard to meet their input expenses due to a drop...

June 11, 2017

Govt plans to reduce interest rate on loan given to FACT

The government is "actively considering" lowering interest rate on the Rs.1,000 crore loan given to state-run fertiliser firm FACT for its revival and expansion of production capacity to one million tonnes this fiscal. Kochi-based Fertilisers and Chemicals Travancore Ltd FACT), which is facing a liquidity crunch, currently produces about 6 lakh tonnes of NPK fertilisers...

May 30, 2017

Grant or loan: US keeps options open on aid to Pakistan

The Trump administration has slashed its foreign military financing (FMF) to Pakistan from USD 255 million to USD 100 million for the 2018 fiscal, but has kept its options open whether it would be a grant or should be converted into a loan, according to a US official. "While we may use FMF to leverage...

May 24, 2017

Trump proposes to convert US grant to Pakistan into loan

US President Donald Trump has proposed in his annual budget to the Congress to convert US' grant to Pakistan for purchase of military hardware into a loan, the White House said. However, the Trump administration has left it for the State Department to take a final call on the issue. Unlike many parliamentary democracies like...

May 23, 2017

UP government’s crop loan waiver an eyewash: Congress

Congress leader Randeep Surjewala on Saturday alleged that the Yogi Adityanath-led government's announcement of loan waiver for Uttar Pradesh farmers was merely an eyewash and demanded a white paper on it. On the completion of two months of the BJP government in the state, he alleged that that it has done nothing but "issue 600 warnings...

May 20, 2017

Note ban boosts deposits, lowers bank loan growth

The recent demonetisation in India led to an immediate jump in current account and savings account (CASA) deposits, incremental lending saw a massive drop, while digital banking witnessed a major surge, a report said on Monday. "Demonetization led to an immediate surge in CASA deposits and CASA ratio jumped 2-4 per cent QoQ (quarter-on-quarter) for...

January 23, 2017