Tag: Loans
17 Results
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Channi announces Rs 1200 Cr debt waiver for loans upto Rs 2 lakh
The state government has already waived off loans of 5.63 lakh such farmers to the tune of Rs 4610 Crore.
December 23, 2021 -
Bengal’s Student’s Credit Card scheme benefitting thousands of students
According to data from the state finance department, in the last six months after the announcement of the scheme in June this year, more than one lakh students have applied of which 1,748 of them have received their loans
November 5, 2021 -
Government readies to waive-off ‘interest on interest’ on loans up to Rs 2 crore during moratorium
It added that it will seek parliament's permission for grants to enable the move.
October 3, 2020 -
‘All because of lockdown, Govt can’t only focus on business’: SC pulls up Centre on moratorium issue
The top court has granted one-week time to Solicitor General Tushar Mehta to file an affidavit clarifying Centre's stand and posted the matter for further hearing on September 1.
August 26, 2020 -
HP providing loans to minorities on cheaper rates for self-employment
Member of the Board of Directors and Additional Chief Secretary Social Justice and Empowerment Nisha Singh and other senior officials were present in the meeting.
July 15, 2020 -
Mehul Choksi’s Gitanjali Gems tops RBI list of defaulters with a whopping Rs 5,492 cr written off
In a Right to Information or RTI response to activist Saket Gokhale released on Tuesday, the RBI said that outstanding loans amounting to Rs 68,607 crore taken out by the 50 firms have been written off till September 30, 2019.
April 29, 2020 -
UK High Court defers bankruptcy hearings against Vijay Mallya
A consortium of Indian public sector banks led by the State Bank of India had sought a bankruptcy order against Vijay Mallya as part of efforts to recoup around GBP 1.145 billion of unpaid loans from him.
April 10, 2020 -
RBI allows 3-month moratorium on EMIs of all term loans; NITI Aayog chief lauds move
The RBI made it clear that this will not affect the credit history of people and neither will it let to asset classification.
March 27, 2020 -
Sugar mills yet to clear Rs 2,400 crore pending dues of last two seasons to cane growers: Government
So far, about Rs 1,574 crore has been disbursed to sugar mills under various assistance schemes.
February 25, 2020 -
Trinamool Congress calls for rollback of Mudra scheme due to rising bad loans
The Mudra scheme was launched in 2015 for providing small loans to income generating small enterprises in manufacturing and services.
December 10, 2019 -
IDBI Bank introduces repo-rate related loans
The interest rate on the new home loan and auto loan variant will be directly linked to the repo rate and thereby help in quick monetary transmission.
August 30, 2019 -
Loans to get cheaper as RBI cuts repo rate by 35 bps to 5.4%; GDP growth rate down at 6.9%
This is the fourth reduction in repo rate during 2019.
August 7, 2019 -
Oriental Bank of Commerce cuts MCLR by 0.10 pc for various tenors
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.
June 11, 2019 -
Home, auto loans to get cheaper as RBI cuts repo rate by 25 basis points to 5.75%
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.
June 6, 2019 -
SBI targets 10-12 pc credit growth in FY20 on green shoots of credit revival, better recoveries
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.
June 4, 2019 -
HDFC ties up with India Mortgage Guarantee Corp
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.
May 15, 2019 -
RBI cuts key interest rate by 25 basis points to 6%, loan EMIs likely to get cheaper
This is the second consecutive rate cut from RBI under new chief Shaktikanta Das, after a surprise rate cut in February.
April 4, 2019