loans

Systemic risk in Indian banks to remain high: S&P

Systemic risk in Indian banks to remain high: S&P

S&P estimates the weak loans in banks at 11-12 per cent of gross loans. "We forecast credit losses will decline to 2.2 per cent of total ...Read More

Put in place policy to refund 'interest on interest' charged during moratorium: RBI to banks

Put in place policy to refund 'interest on interest' charged during moratorium: RBI to banks

As part of the COVID-19 regulatory package, the RBI had allowed lending institutions to grant a moratorium on payment of instalments of t...Read More

Muthoot Homefin aims to disburse Rs 700 crore loans for affordable housing in FY22

Muthoot Homefin aims to disburse Rs 700 crore loans for affordable housing in FY22

Muthoot Homefin India Ltd (MHIL) on Sunday said it aims to disburse Rs 700-crore loans in the next financial year to cater to the afforda...Read More

Good portfolios are made during bad times; mistakes are made during good times: Aseem Dhru, Founder & CEO of SBFC Finance

Good portfolios are made during bad times; mistakes are made during good times: Aseem Dhru, Founder & CEO of SBFC Finance

MSME-focused SBFC Finance has grown significantly in just three years. Today, the NBFC’s Assets Under Management (AUM) stand at Rs 3,516...Read More

Paytm aims to disburse Rs 1,000 crore worth loans to merchants by March

Paytm aims to disburse Rs 1,000 crore worth loans to merchants by March

Digital financial services firm Paytm on Monday said it aims to disburse loans worth Rs 1,000 crore to merchants by March.The company sai...Read More

Interest waiver: Outstanding as of Feb 29 to be reference for ex gratia relief

Interest waiver: Outstanding as of Feb 29 to be reference for ex gratia relief

The Reserve Bank on Tuesday asked all lending institutions, including non-banking financial companies, to ensure that the scheme of waive...Read More

States to get Rs 12K Cr interest-free 50-year loans for CapEx

States to get Rs 12K Cr interest-free 50-year loans for CapEx

Out of the total amount, Rs 1,600 crore would be aimed towards the Northeastern states, and Rs 900 crore loan would be provided to Uttara...Read More

Navi Mumbai police arrest three for cheating people on the pretext of giving loan

Navi Mumbai police arrest three for cheating people on the pretext of giving loan

The APMC police arrested three persons and busted a gang who used to cheat people in the pretext of giving personal loans. They used to l...Read More

RBI may not extend moratorium on repayment of loans beyond August 31

RBI may not extend moratorium on repayment of loans beyond August 31

The Reserve Bank is unlikely to extend the moratorium on repayment of bank loans beyond August 31 as an extension could impact the credit...Read More

Keep lending to MSMEs, but support other businesses too: FM to PSBs

Keep lending to MSMEs, but support other businesses too: FM to PSBs

The directive comes a day after the Finance Minister, while addressing the FICCI National Executive Committee members, clarified that the...Read More

RBI proposes comprehensive framework for sale of loans

RBI proposes comprehensive framework for sale of loans

Loan sales may be resorted to by lenders for any reasons ranging from strategic sales to rebalance their exposures or as a means to achie...Read More

Interest-free moratorium will lead to loss close to 1% of GDP: RBI to SC

Interest-free moratorium will lead to loss close to 1% of GDP: RBI to SC

The Reserve Bank of India has opposed waiving off the interest during the moratorium period, insisting that the aim and object of allowin...Read More

Now PSBs are in for more challenging times: AIBEA

Now PSBs are in for more challenging times: AIBEA

"Bulk of the Finance Minister's measures are related to giving more loans to various sectors. So, there will be pressure on the banks to ...Read More

SC asks RBI to clarify if banks are bound to grant loan moratorium

SC asks RBI to clarify if banks are bound to grant loan moratorium

The apex court also asked the central bank and the ministry to clarify if banks must charge interest on the outstanding portion of the lo...Read More

J&K Bank cuts MCLR by 35 bps across tenures

J&K Bank cuts MCLR by 35 bps across tenures

Jammu & Kashmir Bank has cut its marginal cost of funds-based lending rates by 35 basis points across tenures, according to information o...Read More

Fitch: Indian banks to write off more loans

Fitch: Indian banks to write off more loans

The state-owned banks account for around 90 per cent of impaired loan stock, and have cumulatively written off nearly USD 30 billion in b...Read More

Uddhav Thackeray cancels Rs 380 crore sugar mills’ loan guarantee given by Fadnavis govt

Uddhav Thackeray cancels Rs 380 crore sugar mills’ loan guarantee given by Fadnavis govt

In just six days after coming to power, Uddhav Thackeray-led Maha Vikas Aghadi government has cancelled guarantee worth Rs 380 crore give...Read More

How banks calculate home loan EMI; here's all you need to know

How banks calculate home loan EMI; here's all you need to know

Many people have multiple loans, whether it be personal loan or home loan. Which leads to major portion of our monthly expenditure, espec...Read More

Vietnam offers loans to families of 39 citizens found dead in UK last month

Vietnam offers loans to families of 39 citizens found dead in UK last month

The BBC reported saying that the families had already paid $50,000 to smuggle them to the UK.

Sterling and Wilson Solar fails to keep commitment on repaying the loans of worth Rs 2,341 crore: Report

Sterling and Wilson Solar fails to keep commitment on repaying the loans of worth Rs 2,341 crore: Report

The promoters of Sterling and Wilson Solar (SWSL), Shapoorji Pallonji Group and Khurshed Yazdi Daruvala, failed to honour their commitmen...Read More

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