loans

Scam Alert: Beware of Fake Loan Ads on Social Media

Tue, Dec 12, 2023

RBI has issued a warning regarding fake advertisements offering loan waiver through social media.

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Good news for loan borrowers of this bank - Interest rates slashe...

Wed, Jun 28, 2023

Good news!

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'Term loan EMIs should be postponed by one year' - This...

Sun, Mar 29, 2020

In a major development, the Apparel Export Promotion Council (AEPC) has sought a suspension in declaration of non-performing assets (NPA) and raising the moratorium period on term loan EMIs to one year.

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SBI slashes MCLR rate by 90 bps across maturities; effective January 1

Sun, Jan 01, 2017

State Bank of India (SBI) on Sunday reduced its marginal cost of funds based lending rate (MCLR) by 90 basis points across maturities. The new rates will be effective from January 1, 2017, cited SBI in a press release. 

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Here's full text of PM Narendra Modi's New Year's address to nation

Sun, Jan 01, 2017

Prime Minister Narendra Modi in his televised speech on Saturday announced a series of incentives to the poor, farmers, women and small businesses in a New Year`s address, and defended his recent decision to abolish high denomination bank notes, according to Reuters report.

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5 IPOs that gave over 100% return in 2016

Sat, Dec 31, 2016

2016 has been a good year for companies wanting to list on stock markets to raise money. With over 80 initial public offerings (IPOs) hitting the Indian markets, over Rs 26,000 crore was raised this year. 

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Maruti Suzuki's bookings rise 7% in December despite demonetisation; here's how

Sun, Dec 25, 2016

Maruti Suzuki on Friday announced that it has bounced back from the impact of demonetisation in December by posting a growth in bookings of 7% till date. This after bookings had declined by 20% in November post demonetisation.

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Indian banks' loans up 5.8% in two weeks to December 9: RBI

Sat, Dec 24, 2016

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Loan disbursement continues to fall post demonetisation, says BFIL

Tue, Dec 20, 2016

Non-banking micro-finance company, Bharat Financial Inclusion Limited (BFIL), on Tuesday unveiled data that showed post demonetisation loan disbursement has witnessed a steady decline.

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Fruit, veggie vendors may shut shop as cash crunch continues

Tue, Dec 13, 2016

Local fruit and vegetable vendors are planning on shutting shop on account of the cash crunch that is prevailing due to the withdrawal of higher denomination currencies.

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Vijay Mallya's Twitter account hacked

Fri, Dec 09, 2016

A group called ‘Legion’ tweeted from Vijay Mallya’s account on Friday, giving details of his whereabouts in London along with his phone number and assets held with several banks.

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HCC becomes first company to go for debt restructuring under S4A scheme

Fri, Dec 02, 2016

It said, “The board has approved issuance of nearly 25.20 crore equity shares of HCC – which represents 24.44% of the expanded share capital of the company, along with optionally convertible debentures (OCDs) not exceeding Rs 2000 crore on preferential basis to the lenders.”

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MCLR Cut: Is it time to get a home loan or should you wait some more?

Mon, Nov 14, 2016

Ramaswamy Subramanian Co-founder and CEO at Finanzmart said, "It is a good time for genuine home buyer opting for home loans at this rate because these interest rates are at its lowest now.  In fact in 2-3 years the rates have been progressively coming down.”

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Do they really want to solve "bad loan" problem?

Tue, Oct 11, 2016

N. S. Vishwanathan, Deputy Governor of RBI said, "If banks continue to remain saddled with huge NPAs for a long time, it would make them risk averse and choke the lending for economic activities in general. "   

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Banking sector worry: Bad loans rise 15% in June

Tue, Oct 11, 2016

Reserve Bank of India's (RBI) data has revealed that stressed loans have crossed $ 138 billion (approx Rs 8,71,746 crore)  in June 2016, an increase of 15% in just six months, data accessed by Reuters showed. 

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Indian banks' loans up 9.6% year-on-year in two weeks to Aug 19: RBI

Fri, Sep 02, 2016

Indian banks' loans rose 9.6% in the two weeks to August 19 from a year earlier, while deposits rose 9.2%, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.

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Will large companies now look towards bond market for funding options?

Wed, Aug 31, 2016

Care Ratings believe that exposure to these norms may not have any effect on banks and corporate during the current fiscal but over the medium term, these measures will have an impact on borrowing patterns. 

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Fintech firm LoanTap raises $3 million from HNIs in Series-A funding round

Mon, Aug 29, 2016

One of its kind fintech with an in house NBFC platform LoanTap has announced securing funds worth $3 million (nearly Rs 19.95 crore)  in a Series-A investment round.

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Flipkart disburses over Rs 125 crore to sellers in loan program

Thu, Aug 25, 2016

Sellers from the Mobile, Electronics, Fashion and Fashion accessories are the few categories that witnessed the highest adoption for the program.

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Govt to provide Rs 90,000-crore loan to women self-help groups

Mon, Aug 22, 2016

NRLM is an innovative flagship programme designed to alleviate rural poverty in a time-bound manner.

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RBI questions banks for lending Rs 5,262 crore to rice trading firm REI Agro

Mon, Aug 15, 2016

Reserve Bank of India (RBI) has questioned the decision of a 21-bank consortium led by UCO Bank to extend a staggering Rs 5,262-crore loan to Kolkata-based rice trading firm REI Agro which was found to be involved in fraudulent activities.

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New amendments for easier loan recovery by banks passed in Rajya Sabha

Tue, Aug 09, 2016

The Rajya Sabha on Tuesday passed a bill that seeks to amend four laws that, among other matters, seek to empower banks to take possession of collateral in the case of loan default, except for farm land.

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India's 'bad loans' problem in 8 charts

Thu, Jul 21, 2016

All India Bank Employee Association has released the data showing the total number of loan defaulters and the amount they owe. The data also segregates information based on banks. 

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