Bank loans

Ready to waive compound interest during moratorium for loans upto Rs 2 crore: Centre to SC

An affidavit to the Supreme Court said that the only solution is that the government should bear the burden resulting from waiver of compound interest.

published on : 3rd October 2020

FM Nirmala Sitharaman to meet bankers on loan recast on Thursday

Restructuring benefit can be availed by those whose account was standard on March 1 and defaults should not be over 30 days.

published on : 30th August 2020

'Loan moratorium amid COVID-19 pandemic not helping the salaried', feel experts

While bankscharge a fee on borrowers if they miss paying their EMIs on time, they are not allowed to levy from borrowers whose moratorium request has been approved.

published on : 3rd August 2020

Gold loans back in fashion as bankers turn risk averse

Subhash Gupta used to work in a private company when the lockdown started and he wasn’t paid for the next two months.

published on : 15th June 2020

COVID-19 puts brakes on correcting anomalies in revenue resurvey

Chances are that you may be paying the land tax in your name but the land will still be in the name of the previous owner in the official records.

published on : 13th June 2020

UP migrants to get low-cost shops, homes with bank loans to start business: Govt

Currently, the state authorities are busy skill-mapping the migrants, and over 16 lakh have already been covered.

published on : 26th May 2020

Just 10 per cent of bank loan write-offs are recovered: RTI reply

A sum of Rs 4,32,584 crore was written off by public sector banks between 2015-16 and 2018-19. But, only Rs 45,659 crore, or roughly 10 per cent, was recovered.

published on : 8th May 2020

Company, promoters dont have any outstanding term loan from Yes Bank: Indiabulls Housing Finance

The bank asserted that its financial health is sound and the Capital to Risk Weighted Assets ratio, the main parameter, is well above the limit prescribed by the RBI.

published on : 15th March 2020

How can availing a loan be eased out?

Lack of financial resources and complexitities involved in the lending process pose a hurdle for start-ups

published on : 12th March 2020

Vijay Mallya denies Enforcement Directorate's 'plea bargain' allegations

Liquor baron Vijay Mallya's retaliation came after an ED official dismissed the former's offer to settle all dues if his seized assets were freed up.

published on : 30th June 2018

Extradition request for Vijay Mallya awaits District Court’s approval in UK

UK's secretary of state has accepted the request and now it has entered the legal system.

published on : 24th March 2017