Tag: Loans
17 Results
-
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 -
Pakistan didn’t ask for more loans for CPEC: China
"In fact, Pakistani Finance Minister Shamshad Akhtar made a clarification on this matter, stressing that Pakistan will continue with CPEC construction," Hua said.
July 11, 2018 -
Pradhan Mantri MUDRA Yojana: How to apply? Check your eligibility
The Pradhan Mantri MUDRA Yojana (PMMY) was launched on April 8, 2015, for providing loans upto 10 lakh to the non-corporate, non-farm small/micro enterprises. PMMY is a flagship scheme of Government of India to “fund the unfunded” by bringing such enterprises to the formal financial system and extending affordable credit to them. ELIGIBILITY: Any …
Continue reading "Pradhan Mantri MUDRA Yojana: How to apply? Check your eligibility"
April 11, 2018 -
On 3rd anniversary of Mudra Yojana, PM Modi asks beneficiaries to share success stories
Prime Minister Narendra Modi, on the third anniversary of Mudra Yojana, asked people to share their success stories on social media, while adding that he would also “interact beneficiaries of scheme” at his residence. On Sunday, PM Narendra Modi in a series of tweets said, “On this day, three years ago the Mudra Yojana was …
April 8, 2018 -
CBI court refuses regular bail to Rotomac chief Vikram Kothari, son
A CBI court has rejected the regular bail pleas of Rotomac Global promoter, director Vikram Kothari and his son Rahul Kothari, in connection with the alleged Rs 3,695 crore willful loan default case. Earlier on 7 March, the court had turned down Vikram’s interim bail plea also. The CBI had arrested the duo accused in …
Continue reading "CBI court refuses regular bail to Rotomac chief Vikram Kothari, son"
March 15, 2018 -
Banks obliging defaulters, ignoring farmers: Mamata
Amid the nationwide uproar regarding the $1.8 billion banking fraud, West Bengal Chief Minister Mamata Banerjee accused banks of not providing credit to farmers and self-help groups, who repay loans, while defaulters are always obliged by the lenders. “Banks are not providing loans to farmers who used to repay their debt. But lenders are providing …
Continue reading "Banks obliging defaulters, ignoring farmers: Mamata"
February 17, 2018