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Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

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 IST

All your credit card use reflects in your credit history which is shared by card and loan companies with credit rating agencies such as Cibil and Experian.

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 IST

The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

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

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

22 Feb 2019 10:38 AM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

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.

9 Feb 2019 11:35 AM IST

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

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...

5 Feb 2019 5:21 PM IST

In 2015, 3,266 farmers committed suicide in the state.

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

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

1 Feb 2019 12:50 PM IST

Raghuram Rajan has written about his experiences in India as RBI governor in his recently launched book I do what I do. (Photo: PTI)

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 March 2019 9:11 AM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

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 March 2019 9:22 AM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

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 April 2019 8:38 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 offers loan of up to Rs 10 lakh to salaried class in...

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

21 May 2019 6:13 PM IST

The MEAs comments came a day after Pakistan Prime Minister Imran Khan said he will not allow Pakistani soil to be used for terror. (Photo:AP)

Pakistan to get USD 3.4 billion in budgetary aid from Asian...

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 IST

Kumaraswamy opined that Kharge should have been made a Chief Minister long time ago. (Photo: File)

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...

13 Jun 2019 1:53 PM IST