Bank loans

RBI tighten norms for loan recovery agents, tells banks not to harass borrowers for dues

The Reserve Bank of India (RBI) on Friday has said companies need to ensure that their recovery agents do not resort to harassment of any person while collecting debts.

Aug 13, 2022, 11:55 AM IST

Nirbhaya-Ek Pahal programme launched in UP, over 75,000 women can now get loans at cheaper interest rates

CM Yogi Adityanath launched Nirbhaya-Ek Pahal programme in the state under which over 75,000 women will get connected with state banks, get loans at cheaper interest rates.

Sep 30, 2021, 08:11 AM IST

PM Narendra Modi asks banks, NBFCs to fund bankable proposals; assures support

Prime Minister Narendra Modi on Wednesday (July 29, 2020) joined a meeting with heads of banks and NBFCs, urging the banks to introspect to ensure “bankable proposals” do not suffer from lack of credit.

Jul 30, 2020, 07:58 AM IST

Banks are ready to finance but there are no takers for bankable loans: SBI Chairman Rajnish Kumar

Rajnish Kumar said that the corporate sector should not expect much from the government but have to be self-reliant or "atmanirbhar", given the fiscal position of the government.

Jun 03, 2020, 01:04 AM IST

New benchmarks for interest on home, auto loans from April 1, 2019

Currently, banks follow system of internal benchmarks, including Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR).

Dec 05, 2018, 23:12 PM IST

Govt has not written off single rupee of corporate loans: FM

He told the Lok Sabha that writing off a loan was a commercial decision of banks and added that there has been no scheme of farm loan waiver by the Centre since 2014.

Aug 11, 2017, 14:37 PM IST

No home loan if not registered in RERA: Sources

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Aug 03, 2017, 19:25 PM IST

Diageo holds $35 million payment to Vijay Mallya

British liquor giant Diageo has decided to withhold remaining USD 35 million due to Vijay Mallya as part of the USD 75 million (Rs 515 crore) sweetheart deal for his exit from United Spirits Ltd, a source familiar with the development said.

Jul 17, 2017, 21:02 PM IST

Now, HDFC too matches SBI, ICICI's rates, lowers to 8.35%

Pureplay mortage player HDFC on Monday followed suit of its rivals and lowered new low-cost home loan prices by 15 bps to 8.35 percent for women borrowers and by 10 bps for men, thereby matching the rates offered by SBI last week and ICICI Bank earlier in the day.

May 15, 2017, 20:14 PM IST

China's shadow banking rebounds in March, household loans surge despite curbs

China`s banks unexpectedly extended less credit in March than in the previous month as the government tries to contain the risks from an explosive build-up in debt and an overheating housing market.

Apr 14, 2017, 18:21 PM IST

Reports on the cheap loans offered by banks | Part II

Reports on the cheap loans offered by banks. Watch this special segment and get to know more here.

Jan 11, 2017, 23:59 PM IST

Reports on the cheap loans offered by banks | Part I

Reports on the cheap loans offered by banks. Watch this special segment and get to know more here.

Jan 11, 2017, 23:58 PM IST

SC against disclosure of big defaulters' names, says won't lead anywhere

The Supreme Court today said that disclosure of names of debtors, who owe Rs 500 crore and more to banks, will not lead "anywhere" as the important issue is to address "root cause" of accumulation of non-performing assets (NPAs).

Nov 18, 2016, 21:51 PM IST

Finance Ministry to hold meeting with top bankers today to discuss NPA issue

In order to discuss the bad loans problem existing in specific sectors, Finance Ministry has called a meeting with senior managers of banks on Monday.

Oct 24, 2016, 09:18 AM IST

Finance Ministry to hold meeting with top management of banks on NPAs today

In order to discuss the bad loans problem existing in specific sectors, Finance Ministry has called a meeting with senior managers of banks on Monday. The agenda of meeting will be focussed on non-performing assets (NPAs) in sectors like steel, power and infrastructure, sources said.

Oct 23, 2016, 19:19 PM IST

Only 15% population in metro aware of credit scores: Survey

Despite of credit bureaus operating for past one decade and lenders making credit scores mandatory for loans, a recent survey conducted in eight metros has found that only 15 percent people are aware of such a system, while over 50 percent respondents are unaware of the bureaus.

Oct 16, 2016, 15:28 PM IST