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Asian Development Bank

ADB to give USD 84 million loan for water projects in Bihar

Investment programme will assist ULBs in designing affordable tariffs for operations and maintenance cost recovery.

23 Feb 2018 1:27 PM IST

India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

India inks USD 125 mn loan pact with World Bank

Objective of the project is to nurture indigenous innovation, foster local product development.

25 April 2018 2:54 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

Govt may ask ICICI Bank tough questions on governance issues

Finance ministry wants to know why Chanda didn't recuse herself in Videocon loan case.

23 April 2018 8:44 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

NPA maze: Govt for scrapping of one-day default norm

Govt as well as banks feel one-day delay norm could harm businesses and lead to making loans below Rs 2,000 cr.

16 April 2018 8:53 AM IST

HDFC Bank is Indias second largest private sector bank. (Photo: YouTube)

HDFC hikes lending rate by up to 0.20 per cent

Loans between Rs 30 lakh to Rs 75 lakh will be available at 8.55 per cent for women borrowers and 8.60 per cent for...

10 April 2018 9:23 AM IST

George Alexander Muthoot, the managing director of Muthoot Finance said, 60 per cent of the issue is allocated to retail and high networth individual investors.

Muthoot Finance to sell Rs 3000 cr debt

Muthoot Finance said it will raise up to Rs 3,000 crore in debt, to help it to expand its loan book.

3 April 2018 5:09 PM IST

NTPC signs Rs 1,500 crore term loan with HDFC Bank

This loan has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC.

13 July 2018 2:54 PM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB invites bids to sell 3 NPA accounts to recover over Rs 136 cr

The process of e-bidding for the sale of these accounts will happen on July 7, 2018.

6 July 2018 2:34 PM IST

The closed sugar mills in the country may get a new lease of life if things move the way it has been envisaged by the Modi 2.0 government.

Govt's Rs 15,000 cr soft loan scheme to sugar mills moving at snail's...

The objective was to help millers in clearing cane arrears and divert surplus sugar for ethanol manufacturing.

30 Oct 2019 3:53 PM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Over Rs 81,700 cr disbursed by banks during 9-day loan mela: FinMin

FM said that banks have been asked to provide bill discounting facility to the MSME sector against payments due from the...

14 Oct 2019 2:45 PM IST

Madhya Pradesh chief minister Kamal Nath with party leaders Jyotiraditya Scindia, Digvijaya Singh and others.

Scindia's right, farm loan up to Rs 2 lakh will be waived off: Kamal...

Chief Minister Kamal Nath had said that his government has waived the loans of 20 lakh farmers amounting to Rs 7,000...

12 Oct 2019 1:36 PM IST

At present, Patanjali has 230 acres in non-SEZ and 60 acres within SEZ area of Mihan.

Patanjali secures Rs 3,200 cr loan from banks to buy Ruchi Soya

NCLT approved the resolution plan of Patanjali Ayurved to acquire debt-laden Ruchi Soya.

29 Nov 2019 7:36 PM IST