loans

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

SBI unveils debit card EMI on PoS loans for consumer durables

SBI unveils debit card EMI on PoS loans for consumer durables

Mumbai: State Bank of India on Monday launched a debit card EMI facility under which consumers can opt for a monthly instalment tenure of...Read More

EMIs may fall further; Loans to become cheaper after RBI cuts interest rate to a decade low

EMIs may fall further; Loans to become cheaper after RBI cuts interest rate to a decade low

Mumbai: Home, auto and other loans are set to become cheaper after the Reserve Bank of India (RBI) on Friday cut interest rates for a rec...Read More

SBI announces repo rate as external benchmark for all floating rate loans from October 1

SBI announces repo rate as external benchmark for all floating rate loans from October 1

On Monday, State Bank of India (SBI) announced that it will adopt the repo rate as an external benchmark for its floating rate small loan...Read More

RBI's Shaktikanta Das says its time that other banks also linked loans with external benchmarks

RBI's Shaktikanta Das says its time that other banks also linked loans with external benchmarks

While SBI was to first one to link its loans and deposits to the repo rate from May and home loans from July.

Reliance to raise USD1.85 billion term loans from offshore banks

Reliance to raise USD1.85 billion term loans from offshore banks

Oil-to-telecom conglomerate Reliance Industries (RIL) Tuesday said it has signed pacts with overseas lenders to avail long-term loans of ...Read More

Kamal Naths asks Shivraj to do his homework before accusing, loan waiver in MP will resume once poll code ends

Kamal Naths asks Shivraj to do his homework before accusing, loan waiver in MP will resume once poll code ends

Bhopal: Madhya Pradesh Chief Minister Kamal Nath has replied to former Chief Minister Shivraj Singh Chouhan’s accusations of the Congress...Read More

Yes Bank’s total NPAs at 8 pc, Moody’s warns of longer pain

Yes Bank’s total NPAs at 8 pc, Moody’s warns of longer pain

Mumbai: Private sector lender Yes Bank has an overall stressed advance of 8 percent and new chief executive Ravneet Gill’s clean-up will ...Read More

No farmer to be jailed for loan default in Congress regime: Rahul Gandhi

No farmer to be jailed for loan default in Congress regime: Rahul Gandhi

Jatara (MP): Congress president Rahul Gandhi on Tuesday said no farmer in the country will be jailed for not repaying loans if his party ...Read More

‘Capital shortages to shrink by 2020’ legacy problem loans: Moody’s

‘Capital shortages to shrink by 2020’ legacy problem loans: Moody’s

New Delhi: The latest move of India government of capital infusions will improve the solvency of banks and significantly boost their prov...Read More

Free Press Journal

www.freepressjournal.in