According to S&P, the banking system's credit costs will remain elevated at 2.2-2.9 per cent this year and next.
In the normal sugar season, about 320 lakh tonnes of sugar is produced against domestic consumption of 260 lakh tonnes.
In a statement, the Union Agriculture Ministry said the steering committee of MIF has approved projects for loan worth Rs 3,971.31 crore.
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.
The CMEDP, launched to help those who have lost jobs due to the COVID-19 outbreak, is implemented by the Kerala Financial Corporation.
Analysts have been predicting more stimulus as a renewed increase in virus infections and partial lockdowns weigh on economic growth.
Sources said banks readily offer the more secured gold loan solution to customers whose credit rate is not so good.
The company said it will continue to offer collateral-free loans under the 'Merchant Lending Program' to Paytm for Business app users.
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.
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.
To ensure effective and timely implementation, the government has asked lenders to credit the amount to eligible borrowers latest by November 5.
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.
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.
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).
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.