HDFC Bank joins rate cut bandwagon, cuts lending rates by up to 0.9%
Joining the rate cut bandwagon, HDFC Bank, Wednesday lowered its lending rates by up to 0.9 percent -- which will lead to cheaper home and corporate loans.
Jan 04, 2017, 17:44 PM IST
Loans cheapest in 6 years: HDFC, Bank of India cut lending rates by up to 0.9%, Indiabulls follows suit
Housing, auto and corporate loans are all set to become cheaper with several PSU and private banks steeply reducing benchmark lending rate by up to 1.48 percent after spurt in deposits following demonetisation.
Jan 03, 2017, 19:11 PM IST
Home, auto loans cheapest in 6 years as SBI, PNB, ICICI cut lending rates by up to 0.9%, other banks follow
ICICI Bank on Monday reduced benchmark lending rate by 0.7 percent across various maturities.
Jan 02, 2017, 19:04 PM IST
PM rolls out slew of reforms, schemes to benefit poor; asks politicians to let go off 'holier than thou' approach
Modi set out a stern warning of tough action against the "dishonest" people even as he announced a slew of sops for senior citizens, farmers, rural housing, women and small entrepreneurs to soften the blow of demonetisation.
Dec 31, 2016, 21:01 PM IST
Demonetisation: Borrowers get additional 90 days to repay loans
In view of cash crunch being faced by borrowers, the RBI on Wednesday provided additional 90 days for repayment of housing, car, farm and other loans worth up to Rs 1 crore.
Dec 28, 2016, 19:52 PM IST
Big relief for farmers: RBI gives additional 60 days to repay crop loans
In a major relief to farmers, they will now have 60 more days to repay their crop loans due for November-December as the Reserve Bank of India (RBI) on Monday gave them an additional time to repay.
Dec 26, 2016, 20:41 PM IST
Discussion : Flop Show of RBI after new credit policy
RBI's credit policy has made no changes in EMI and disappointed common people. Watch this special segment and get to know more here.
Dec 08, 2016, 11:52 AM IST
First RBI monetary policy review after demonetisation: Urjit Patel brings no respite to borrowers; keeps interest rates unchanged
Urjit Patel-led 6-member Monetary Policy Committee, which had in its first policy review cut interest rate by 0.25 percent in October, belied expectations to keep benchmark repo rate unchanged at 6.25 percent unanimously.
Dec 07, 2016, 14:18 PM IST
SBI can't disclose loans given to Adani firms: CIC
All records where loans have been issued to firms promoted by Gautam Adani cannot be disclosed as these are held by State Bank of India in fiduciary capacity and involve commercial confidence informed the Central Information Commission.
Nov 27, 2016, 21:25 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
SBI says 'consistently' passed on RBI's rate cut to borrowers
Country's largest lender SBI on Monday said it has consistently passed on RBI's rate cuts to borrowers and would further reduce the lending rate in the near term, benefiting auto and home loan seekers.
Oct 10, 2016, 15:12 PM IST
Watch: Urjit Patel speaking on new credit policy announcement
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Oct 04, 2016, 19:32 PM IST
Snapdeal offers Rs 1,000 cr collateral-free loans for sellers
Online marketplace Snapdeal has announced collateral-free loans worth Rs 1,000 crore for its sellers ahead of the festive season to enable them to stock up adequately.
Sep 06, 2016, 19:59 PM IST
RBI calls for ownership change of companies with sticky loan accounts
Reserve Bank of India (RBI) Governor Raghuram Rajan on Monday called for ushering new owners or managers for companies whose loans accounts have gone sticky, to improve their operational efficiency.
Aug 29, 2016, 21:13 PM IST
No bubble in retail loans: SBI chief Arundhati Bhattacharya on Raghuram Rajan remarks
Within days of Reserve Bank Governor Raghuram Rajan expressing concerns on banks' aggressive retail play at the cost of infra financing, SBI Chairman Arundhati Bhattacharya Monday said there is no bubble-like situation in the consumer lending segment.
Aug 22, 2016, 20:55 PM IST
RBI questions banks for lending Rs 5,262 crore to REI Agro
RBI has questioned the decision of a 21-bank consortium led by UCO Bank to extend a staggering Rs 5,262-crore loan to Kolkata-based rice trading firm REI Agro which was found to be involved in fraudulent activities.
Aug 15, 2016, 10:41 AM IST
PSBs' loan growth to remain muted at 9% till FY19: Report
Loan growth of state-run banks is likely to be remain at a low 9 percent over the next three years due to their limited availability of growth capital, warns a report.
Jul 14, 2016, 11:18 AM IST
Court directs Vijay Mallya to appear in a FERA violation case, cancels exemption
A Delhi court on Saturday cancelled the exemption granted to liquor baron Vijay Mallya from personal appearance in a case lodged for allegedly evading summons in connection with a FERA violation case.
Jul 09, 2016, 17:17 PM IST
Indian banks' loans rose 9.4% in two weeks to June 24: RBI
Indian banks' loans rose 9.4 percent in the two weeks to June 24 from a year earlier, while deposits rose 9.7 percent, the Reserve Bank of India`s weekly statistical supplement showed on Friday.
Jul 08, 2016, 19:20 PM IST
ECB launches new round of ultra-cheap loans for banks
The European Central Bank on Wednesday launched a new round of ultra-cheap loans for banks in a fresh move to kick-start sluggish credit in the single currency area.
Jun 22, 2016, 20:50 PM IST
