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RBI's task force recommends moves to ease credit markets

RBI’s task force also recommended easing rules around the securitisation of loan assets.

04 Sep 2019 9:54 AM

Microfinance industry set to cross Rs 1 lakh cr loan portfolio: Report

As per the report, the average ticket size of microfinance lending by banks is Rs 42,249, SFBs Rs 32,946 and NBFC-MFIs Rs 27,329.

27 Aug 2019 5:01 PM

India's youth borrowing big to get married

The total loan applications across categories in all the six cities rose to 15 per cent, from 9 per cent.

10 Aug 2019 12:18 PM

SBI tightens lending terms for auto dealer: source

SBI has also cut the credit period for dealers to 60 days from 90 days.

30 Jul 2019 8:49 AM

IMF board approves USD 6 billion loan package for Pakistan

Approval will also unlock an additional USD 38 billion from Pakistan’s international partners over the programme period.

04 Jul 2019 10:32 AM

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Pakistan to get USD 3.4 billion in budgetary aid from Asian Development Bank

The ADB financing would come on top of the IMF loan, with most of the funds to be disbursed in the current fiscal year.

16 Jun 2019 9:41 AM

Karnataka govt to waive all farm loans in one go

The new announcement means the government has to release about Rs 4,617 crore at one time to complete the process in commercial banks.

13 Jun 2019 1:53 PM

Muthoot Finance offers loan of up to Rs 10 lakh to salaried class in Delhi, NCR

Muthoot Finance will give unsecured loans of Rs 1-10 lakh at an interest rate of 13.5-23 per cent to salaried class only.

21 May 2019 6:13 PM

Following smaller peers, SBI cuts loan rates by marginal 5 bps

The new one-year marginal cost of funds-based lending rate is down to 8.50 per cent now from 8.55 per cent earlier.

10 Apr 2019 8:38 AM

Farm loan waivers kill credit culture, says Raghuram Rajan

Raghuram Rajan said loan waivers cover only those farmers who have taken loans from the formal system.

27 Mar 2019 9:11 AM

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Jet Airways denies report of new USD 293 million loan from PNB

Jet Airways is saddled with more than a billion dollars in debt and its shares jumped 4.8 per cent.

12 Mar 2019 9:22 AM

5 reasons you need to fix your credit score right away!

credit scores indicate an individual’s financial health and their ability to pay off loans and other acquired debt.

28 Feb 2019 11:53 AM

Total gross loan of microfinance industry grows 6 pc to Rs 65,090 cr in Q3

Combined microcredit portfolio of all lenders as on December 31, 2018, was Rs 1,57,497 crore.

22 Feb 2019 10:38 AM

CBDT clarifies stance on recovery of Rs 36 lakhs from start-up

The assessing officer made the addition after issuing proper show-cause notice and obtaining reply in the matter.

09 Feb 2019 11:35 AM

NTPC inks Rs 2,500 crore loan pact with HDFC Bank

The loan is extended at an interest rate linked to three-month marginal cost of funds-based lending rate (MCLR) of the bank.

05 Feb 2019 5:21 PM

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Goyal announces 2 pc interest subvention for farmers hit by natural calamities

Government has fixed MSP for 22 notified crops at 50 per cent higher than cost of production.

01 Feb 2019 12:50 PM

Interest-free, Rs 1 lakh loan for farmers soon

The Interest Subvention Scheme (ISS) for short-term crop loans would be a bonanza for farmers

22 Jan 2019 10:14 AM

Lanka's Central Bank gets USD 400 million swap from RBI

The total loan was expected to have been disbursed with a seventh tranche by mid-2019.

10 Jan 2019 11:39 AM

ICICI Bank loan row probe ‘almost’ complete

Inspection of the books of six companies, including NuPower Renewables, was ordered on April 23.

28 Dec 2018 10:33 AM

Public credit registry better for SMEs, not spl norms: Acharya

The poll-bound government has also been pitching for easing the prompt corrective action norms.

15 Dec 2018 2:36 PM

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