loans

Home loan interest set to rise on repo rate hike

RBI Governor Shaktikanta Das-led MPC hiked the policy repo rate by 50 bps to 5.40% with immediate effect

published on : 6th August 2022

Third repo rate hike in two months a huge blow to wannabe homebuyers, say experts

"This whammy comes along with the inflationary trends of primary raw materials, including cement, steel, labour, etc., that have recently led to a rise in property prices," an expert noted.

published on : 5th August 2022

Transfer of bad loans to NARCL likely to start by September

Banking sources told The New Indian Express that no banks have begun the transfer of loans yet and the same is likely to start only by the end of the September quarter.

published on : 29th July 2022

Axis Bank Q1 net up 86% to Rs 4,381 crore

 The overall non-interest income fell 11% to Rs 2,999 crore, mainly driven by a Rs 667 crore reversal in treasury operations due to mark-to-market losses as the yields harden.

published on : 26th July 2022

Dharmapuri farmers accuse cooperative credit societies of not issuing loans

They alleged that instead of the two-cow scheme, cooperative bank staff only provide loans to farmers if they use their land as collateral.

published on : 22nd July 2022

RBL Bank back in black in June quarter; posts Rs 208.66 cr net profit; new head says NPA not a concern

The city-based lender had reported a net profit of Rs 164.77 crore in the preceding March quarter.

published on : 21st July 2022

Bad loan ratio of banks likely to fall to 5-5.5 per cent by March 2024: S&P Global

Capital ratios are comparable to those of international peers for India's large private-sector banks, though they are lower for public-sector banks, S&P Global added.

published on : 21st July 2022

Unsecured lending product inquiries growing fastest: Report

Vehicle financiers have been impacted due to supply chain problems in the auto segment, with two-wheeler and auto loans showing the lowest level of inquiries.

published on : 20th July 2022

India top lender to crisis-hit Sri Lanka this year

Loans from India with USD 376.9 million were the highest foreign financing disbursements during the period of January 1 to April 30, 2022, according to Sri Lanka's Finance Ministry.

published on : 19th July 2022

AP Industrial Infrastructure Corporation inks MoU with Union Bank for easy loan to MSMEs

AP Industrial Infrastructure Corporation (APIIC) has exchanged a Memorandum of Understanding (MoU) with Union Bank.

published on : 19th July 2022

Federal Bank Q1 profit jumps 64 per cent to Rs 601 crore

The private sector lender had logged a net profit of Rs 367.29 crore in the year-ago period. In the previous March quarter, the bank's net profit was Rs 540.54 crore.

published on : 15th July 2022

Bank of Baroda raises MCLR on select tenor loans by up to 15 basis points 

The three-month and six-month tenor loans will have new MCLRs at 7.35 per cent and 7.45 per cent, respectively, up by 0.10 per cent each.

published on : 11th July 2022

COVID-induced financial difficulties during pandemic cause mental distress among Chennai's poor

Amid multiple waves of COVID-19, the profound distress of scores, tied to uncertainty and financial instability, went unnoticed. 

published on : 8th July 2022

SVANidhi scheme: Centre's loan initiative may not be helping Chennai's informal sector

One intervention the Centre initiated to help workers in the informal sector during the pandemic is the Prime Minister Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi).

published on : 8th July 2022

Andhra Pradesh High Court dismisses MP’s PIL on loans

The bench stated that in the financial matters that will create problems to the government, courts will take a cautious approach.

published on : 1st July 2022

Women to be recruited as RTC drivers, says Minister

The department will identify candidates to be trained as drivers, and training in nursing will be given by private hospitals keeping in view of the demand for nursing posts in the country and abroad.

published on : 30th June 2022

NBFCs should diversify risks across sectors: Former SBI chairman

Rajnish Kumar also said the NBFCs will have to maintain capital adequacy norms, introduce core banking solutions and make adequate disclosures by 2025.

published on : 25th June 2022

ICL FINCORP - A Towering Presence in NBFC Sector

A towering presence in NBFC sector Irinjalakuda - headquartered ICL FINCORP hardly needs an introduction.

published on : 18th June 2022

Start-up of a new life for migrant workers

A startup hub created in West Champaran district by the DM has earned international repute and helped dozens of migrants hit hard by Covid lockdown, writes Ramashankar.

published on : 12th June 2022

Auto, home and personal loans become expensive with banks raising interest rates

In its June 8 second bi-monthly monetary policy meeting review for FY23, RBI raised the benchmark repo rate by 50 basis points to 4.90 per cent with immediate effect.

published on : 10th June 2022
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