Loan

Chinese loan app cases: ED attaches over Rs 76 crore assets

Chinese loan app cases: ED attaches over Rs 76 crore assets

The ED has attached assets of over Rs 76 crore, including of some fintech companies "controlled" by Chinese nationals and fintech major R...Read More

NBFC body urges RBI to allow loan restructuring

NBFC body urges RBI to allow loan restructuring

The Finance Industry Development Council (FIDC) has written to the Reserve Bank of India (RBI) seeking permission to restructure loans gi...Read More

Muthoot Microfin added 37% more employees in pandemic period, disburses Rs 2,700 crore loan in FY21

Muthoot Microfin added 37% more employees in pandemic period, disburses Rs 2,700 crore loan in FY21

Muthoot Microfin on Friday said its employee count rose 37 per cent during the pandemic period, with as many as 2,300 new people joining ...Read More

At 5.56%, FY21 credit growth at 59-year low: SBI Research

At 5.56%, FY21 credit growth at 59-year low: SBI Research

Despite the government's credit-driven stimulus to help tide over the impact of COVID-19, bank credit growth hit a new low for the second...Read More

SBI Loan Finance is not SBI’s entity: Calling them fraudsters, SBI says it discourages market intermediary

SBI Loan Finance is not SBI’s entity: Calling them fraudsters, SBI says it discourages market intermediary

India’s largest bank State Bank of India has been made aware that an entity named SBI Loan Finance Ltd have been calling the general publ...Read More

NBFCs seek extension of MSME restructuring scheme till March 2022

NBFCs seek extension of MSME restructuring scheme till March 2022

In February last year, the Reserve Bank had permitted one-time restructuring of existing MSME advances, classified as 'standard' without ...Read More

Way to go 'Dhani': A utility application asking non-users of the app to repay loan which they never took

Way to go 'Dhani': A utility application asking non-users of the app to repay loan which they never took

Many non-users of Dhani application were shocked to find that they have received a text message from Dhani Services asking them to pay fo...Read More

Investments or specific transactions to be made before March 31 to save taxes

Investments or specific transactions to be made before March 31 to save taxes

With the financial year coming to an end on March 31, many taxpayers would now be looking at ways to save taxes. In the old taxation regi...Read More

OYO's Singapore arm secures $200 million SoftBank loan

OYO's Singapore arm secures $200 million SoftBank loan

Hospitality major OYO Hotels & Homes' Singaporean subsidiary has received a term loan from SoftBank.A regulatory filing showed that O...Read More

SBI, Kotak Mahindra Bank, HDFC, ICICI Bank reduce interest on home loans: Find out which lenders are offering slashed interest rates only till March 31

SBI, Kotak Mahindra Bank, HDFC, ICICI Bank reduce interest on home loans: Find out which lenders are offering slashed interest rates only till March 31

Lenders have decided to offer a treat to home buyers by slashing interest rates and trying to offer lower interest rates. But these banks...Read More

SBI projects Rs 7 lakh crore lending in the home loan segment by FY 2024

SBI projects Rs 7 lakh crore lending in the home loan segment by FY 2024

State Bank of India (SBI) has crossed the Rs 5 lakh crore mark in its home loan business. Now, the bank has set a target to achieve a ho...Read More

Forbearance an 'emergency medicine' not 'staple diet': Eco Survey

Forbearance an 'emergency medicine' not 'staple diet': Eco Survey

Financial regulators across the globe adopted the regulatory forbearance measures to tide over the economic challenges posed by COVID-19 ...Read More

Nearly two-thirds of auto industry loan requirements met by private, foreign lenders: Report a

Nearly two-thirds of auto industry loan requirements met by private, foreign lenders: Report a

Nearly two-thirds of the auto industry's loan requirements are taken care of by the private and foreign lenders in the country, a report ...Read More

Microfinance sector's loan portfolio shrinks in Q2, FY21

Microfinance sector's loan portfolio shrinks in Q2, FY21

However, the GLP rose by 14 per cent on a year-on-year basis.

Religare Enterprises and Religare Finvest: SAT dismisses Shivinder Singh's plea against Sebi's loan recall order

Religare Enterprises and Religare Finvest: SAT dismisses Shivinder Singh's plea against Sebi's loan recall order

The Securities Appellate Tribunal (SAT) has dismissed an appeal of Shivinder Mohan Singh, former promoter of Fortis Healthcare, against S...Read More

ICICI Bank cuts lending rates

ICICI Bank cuts lending rates

The rate cut by ICICI Bank comes even after RBI has not changed the key policy rate or the repo rate in the last three monetary policy re...Read More

'11 crore families could've been given Rs 20,000 each': Rahul Gandhi says Modi govt waived loans of Rs 23,78,76,0000000 this year

'11 crore families could've been given Rs 20,000 each': Rahul Gandhi says Modi govt waived loans of Rs 23,78,76,0000000 this year

Congress leader Rahul Gandhi on Thursday attacked the central government for allegedly waiving loans of Rs 2.3 lakh crore for rich indust...Read More

Loan restructuring, other measures announced by govt to cushion PSBs from shock: DFS Secy

Loan restructuring, other measures announced by govt to cushion PSBs from shock: DFS Secy

Despite the pandemic, the lockdown and the consequent damage done to the economy, there are quick signs of recovery, Financial Services S...Read More

Centre to SC: Blanket waiver of interest big enough to wipe out net worth of banks

Centre to SC: Blanket waiver of interest big enough to wipe out net worth of banks

Solicitor General Tushar Mehta, representing the Centre, said that if the banks were to bear this burden, it would necessarily wipe out a...Read More

SC PUTS TO SLEEP CASE OF INTEREST CHARGED DURING MORATORIUM

SC PUTS TO SLEEP CASE OF INTEREST CHARGED DURING MORATORIUM

A 3-judge Bench of Justices Ashok Bhushan, R Subhash Reddy and M R Shah directed the Centre and its finance ministry to implement its de...Read More

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