Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P

According to S&P, the banking system's credit costs will remain elevated at 2.2-2.9 per cent this year and next.

published on : 24th November 2020

185 sugar mills, distilleries get nod for Rs 12,500 crore loans to set up ethanol units

In the normal sugar season, about 320 lakh tonnes of sugar is produced against domestic consumption of 260 lakh tonnes.

published on : 20th November 2020

Government okays subsidised loans worth Rs 3,971.31 crore for micro-irrigation projects

In a statement, the Union Agriculture Ministry said the steering committee of MIF has approved projects for loan worth Rs 3,971.31 crore.

published on : 20th November 2020

Andhra govt to launch Jagananna Thodu on November 25, to provide  interest-free loans to street vendors

The State government is all set to roll out Jagananna Thodu, a scheme to issue identity cards and provide Rs 10,000 interest-free loans to street vendors, on November 25.

published on : 19th November 2020

Kerala government announces 2,000 loans for entrepreneurs without collateral

The CMEDP, launched to help those who have lost jobs due to the COVID-19 outbreak, is implemented by the Kerala Financial Corporation. 

published on : 16th November 2020

Recovery from pandemic could be bumpy, says ECB chief Christine Lagarde

Analysts have been predicting more stimulus as a renewed increase in virus infections and partial lockdowns weigh on economic growth.

published on : 11th November 2020

Banks see sharp rise in gold loans

Sources said banks readily offer the more secured gold loan solution to customers whose credit rate is not so good. 

published on : 10th November 2020

Paytm aims to disburse Rs 1,000 crore worth loans to merchants by March

The company said it will continue to offer collateral-free loans under the 'Merchant Lending Program' to Paytm for Business app users.

published on : 9th November 2020

‘Prompt repayment facility should be extended beyond agriculture sector’

Private sector lender Karnataka Bank has been able to maintain a steady performance with its business strategy ‘Conserve, Consolidate and Emerge Stronger’ paying rich dividends.

published on : 4th November 2020

Interest-on-interest waiver: Crop, tractor loans not part of ex-gratia relief scheme

The benchmark rate applicable for such relief would be the contract rate, which is used by the credit card issuers for the purpose of EMI loans.

published on : 30th October 2020

Compound interest waiver: 75 pc borrowers to benefit, to cost govt Rs 7,500 cr, says report

To ensure effective and timely implementation, the government has asked lenders to credit the amount to eligible borrowers latest by November 5.

published on : 26th October 2020

Interest-on-interest waiver significant relief to Covid-hit borrowers

According to guidelines issued by the government, if you had opted for either the full moratorium or partial moratorium, you will get back the interest-on-interest portion paid by you.

published on : 26th October 2020

Risk weights on housing loans eased to allow banks to lend high value loans

The Reserve Bank of India (RBI) on Friday rationalised the risk-weight norms and linked them to loan-to-value (LTV) ratios only for all new housing loans sanctioned up to March 31, 2022.

published on : 10th October 2020

Interest subvention scheme for MSME loans extended for another financial year

As per the conditions of the subvention scheme, loan accounts on the date of filing the claim should not have been declared as a non-performing asset (NPAs).

published on : 8th October 2020

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
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