Bank loans utilised for legitimate business purposes; no legal basis for ED action: Vijay Mallya
Vijay Mallya has issued a statement saying that there was no misappropriation or diversion of funds given by banks and he was pained to read reports about the agencies planning an action against him.
Jun 12, 2016, 21:35 PM IST
Intermediate mechanism for NPA resolution on anvil: Vinod Rai
Worried over mounting bad loans, the Bank Board Bureau (BBB) is working out an "intermediate mechanism" to ensure early resolution of the problem and also to provide comfort to the bank management with regard to settlement of dues.
May 20, 2016, 17:26 PM IST
PMLA court to pronounce order on plea seeking NBW against Vijay Mallya on April 18
In the latest, Prevention of Money Laundering Act (PLA) court has said that it will pronounce order on Non Bailable Warrant (NBW) against Vijay Mallya on April 18
Apr 16, 2016, 17:26 PM IST
Banks rejected Mallya's repayment offer
Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.
Apr 05, 2016, 09:23 AM IST
Short-term loans to become cheaper with new lending rate formula
short-term loans are bound to get cheaper as banks shift to new lending rated which are effective from Friday
Apr 01, 2016, 17:12 PM IST
SC asks RBI to give list of defaulters of over Rs 500 crore loan
The apex court also asked the Reserve Bank of India (RBI) to provide within six weeks the list of companies whose loans have been restructured under corporate debt restructuring schemes.
Feb 16, 2016, 18:13 PM IST
ADB to lend $1 bn to Power Grid Corp
Multilateral lending agency Asian Development Bank will provide $1 billion loan to central transmission utility Power Grid Corp for renewable energy transmission and grid expansion in India.
Dec 10, 2015, 15:01 PM IST
Raghuram Rajan expects banks to clean up bad loans by March 2017
Reserve Bank of India Governor Raghuram Rajan said on Tuesday he expects bad debt-burdened banks to clean up their balance sheets by March 2017, warning the central bank would monitor whether concessions made to lenders were being misused.
Dec 01, 2015, 20:04 PM IST
Axis Bank realigns home loan rates; introduces new slab
Country's third largest private lender Axis Bank Tuesday introduced a new slab for its home loan borrowers with offers starting at 9.60 percent onward.
Oct 06, 2015, 22:37 PM IST
In a first, ICICI launches loan product with mortgage guarantee
In a first in the extremely competitive home finance market, ICICI Bank Wednesday launched a mortgage product backed with a guarantee to help the borrower avail more credit and also extended the tenure, for an upfront fee of 2 percent of the loan amount.
Aug 26, 2015, 22:54 PM IST
Stressed loans to add $16 billion to Indian banks' capital needs
Most state-run lenders have high levels of bad loans and their shares are trading below their book values.
Aug 06, 2015, 13:34 PM IST
China mulls financing guarantee fund for SMEs to boost support
China on Friday said it will set up a national financing guarantee fund for bank loans to small and medium firms in its latest effort to boost financial support as the world's second-largest economy grapple with a slowdown.
Jul 31, 2015, 19:04 PM IST
17 projects turn non performing assets: Govt
About 23 percent of the 74 projects to which public sector banks provided loans worth about Rs 54,000 crore in 2014-15 have turned non-performing assets (NPAs), Parliament was informed on Tuesday.
May 12, 2015, 18:19 PM IST
Loans worth Rs 54,000 cr granted by public banks turned NPAs
About 23 percent of the projects to which public sector banks provided loans worth about Rs 54,000 crore in 2014-15 have turned non-performing assets (NPAs), Parliament was informed on Tuesday.
May 12, 2015, 17:17 PM IST
Under PSL norms, bank loans to farmers to touch Rs 85,000 cr: SBI
The new priority lending norms issued by the Reserve Bank will ensure a 40 percent increase in credit flow to the under-funded segment of small and marginal farmers at Rs 85,000 crore this fiscal, the economic research department of SBI said Tuesday.
Apr 28, 2015, 21:42 PM IST
RBI eases norms for home loans for up to Rs 10 lakh
Giving a boost to affordable housing, the RBI Thursday eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit.
Mar 05, 2015, 21:57 PM IST
Indian companies turn back on bank loans, issue bonds instead
Indian corporate bond issuance this year looks set to surpass 2013 and 2014 as expensive bank loans force companies seeking funding to try their luck in capital markets. So far, they haven`t been disappointed.
Feb 18, 2015, 14:14 PM IST
ECB says banking sector continuing to heal, slowly
Europe`s battered financial sector is showing further signs of healing as conditions for bank loans ease and demand for loans picks up, a key ECB survey showed on Tuesday.
Jan 20, 2015, 15:09 PM IST
AIBOC writes to PM, FM; pitches for tough steps on bad loans
Ahead of high profile 'Gyan Sangam' at Pune, a bank union has suggested to Prime Minister Narendra Modi that banking sector reforms should focus on the objectives of bank nationalisation and initiate stringent measures for recovery of bad loans.
Dec 28, 2014, 14:24 PM IST
China banks' bad loans surge, credit crunch could spread west
Bank of Communications Co Ltd (BoCom) and Industrial and Commercial Bank of China (ICBC) reported their biggest quarterly increase in bad loan levels in two years as China`s economic slowdown stretched more companies` ability to repay debts.
Oct 30, 2014, 10:05 AM IST
