Loans

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Loans - Total results - 201
Coronavirus Lockdown: SC issues notice to Centre, RBI on plea against interest on loans during moratorium
Business

Coronavirus Lockdown: SC issues notice to Centre, RBI on plea against interest on loans during moratorium

The Supreme Court Tuesday asked the Centre and the RBI to respond to a plea challenging levy of interest on loans during the moratorium period, which has now been extended by another three months till August 31 due to the coronavirus pandemic

RBI monetary policy: Central bank extends moratorium on loans for another 3 months till August
Business

RBI monetary policy: Central bank extends moratorium on loans for another 3 months till August

Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis

Coronavirus Lockdown: Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rate
Business

Coronavirus Lockdown: Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rate

The Union Cabinet on Wednesday approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector hit hard by the coronavirus crisis

Coronavirus Lockdown: Rs 6.45 lakh cr worth loans sanctioned by PSBs during 1 March-15 May, says Nirmala Sitharaman
Business

Coronavirus Lockdown: Rs 6.45 lakh cr worth loans sanctioned by PSBs during 1 March-15 May, says Nirmala Sitharaman

State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between 1 March and 15 May when businesses were reeling under the impact of COVID-19 crisis

Bandhan Bank expects recovery of loans extended to micro-credit customers to start from second quarter of FY21
Business

Bandhan Bank expects recovery of loans extended to micro-credit customers to start from second quarter of FY21

Private lender Bandhan Bank said on Thursday that recovery of loans extended to micro-credit customers will happen from the second quarter of the 2020-21 fiscal

RBI extends regulatory benefits under special liquidity facility for mutual funds to all banks
Business

RBI extends regulatory benefits under special liquidity facility for mutual funds to all banks

The Reserve Bank of India on Thursday extended regulatory benefits to all banks including those deploying their own resources to extend liquidity support to the mutual funds under the Special Liquidity Facility for Mutual Funds (SLF-MF) scheme

Sell unsold units at 'no-profit-no-loss' to save interest, boost liquidity: Nitin Gadkari to real estate developers
Business

Sell unsold units at 'no-profit-no-loss' to save interest, boost liquidity: Nitin Gadkari to real estate developers

Union Minister Nitin Gadkari on Wednesday exhorted real estate players to sell unsold housing units, even at no-profit-no-loss, to boost their liquidity condition and save interest cost on loans

RBI's liquidity support for MFs may struggle to be effective; Fitch says success will depend on banks' appetite to take up risks
Business

RBI's liquidity support for MFs may struggle to be effective; Fitch says success will depend on banks' appetite to take up risks

The Reserve Bank of India's liquidity support for mutual funds may struggle to be effective, as its success will hang on banks' appetite to take up the risks involved, amid low capital headroom and a likely increase in fresh non-performing loans, according to Fitch

RBI MF liquidity window to improve investor confidence, calm down corporate debt market: Experts
Business

RBI MF liquidity window to improve investor confidence, calm down corporate debt market: Experts

Experts on Monday termed the RBI's move to open a special liquidity facility of Rs 50,000 crore for the mutual fund sector as "brilliant", saying it will improve investor confidence and reduce stress in the corporate debt market

P Chidambaram welcomes RBI's Rs 50,000-cr special liquidity facility for mutual funds
Business

P Chidambaram welcomes RBI's Rs 50,000-cr special liquidity facility for mutual funds

Former Finance Minister P Chidambaram on Monday lauded the RBI's prompt action in announcing a Rs 50,000 crore special liquidity facility for mutual funds

Franklin Templeton impact: RBI announces Rs 50,000 cr special liquidity facility for mutual funds
Business

Franklin Templeton impact: RBI announces Rs 50,000 cr special liquidity facility for mutual funds

The RBI said heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds

RBI 3-month EMI moratorium could provide Rs 2.1 lakh cr liquidity to companies: CRISIL Ratings
Business

RBI 3-month EMI moratorium could provide Rs 2.1 lakh cr liquidity to companies: CRISIL Ratings

The Reserve Bank of India's three-month suspension of EMIs could provide a liquidity breather of Rs 2.10 lakh crore if all corporates avail it, says a report

Coronavirus Outbreak: Moody's says loan moratorium may lead to greater build-up of credit losses for banks
Business

Coronavirus Outbreak: Moody's says loan moratorium may lead to greater build-up of credit losses for banks

The loan moratorium extended by banking regulators in countries like India and China to deal with the liquidity crunch amid COVID-19 crisis will provide temporary relief to borrowers, but will constrain banks from taking proactive recovery actions

Bandhan Bank FY20 deposits rise 32% to Rs  57,073 cr; advances jump by 60% to Rs 71,825 cr
Business

Bandhan Bank FY20 deposits rise 32% to Rs 57,073 cr; advances jump by 60% to Rs 71,825 cr

Bandhan Bank on Monday said its total deposits grew by 32 percent to Rs 57,073 crore during the fiscal ended March 2020

Indian Bank cuts various lending rates from 1 April; PSU lender reduces 1-year MCLR by 15 bps to 8.10%
Business

Indian Bank cuts various lending rates from 1 April; PSU lender reduces 1-year MCLR by 15 bps to 8.10%

Indian Bank on Monday announced a cut its lending rates following a 0.75 percentage point reduction in the repo rate by the Reserve Bank last week

Coronavirus Outbreak: RBI asks lending firms to allow 3-month moratorium on EMI payments
Business

Coronavirus Outbreak: RBI asks lending firms to allow 3-month moratorium on EMI payments

The Reserve Bank of India on Friday asked all lending institutions to allow a three-month moratorium on EMI payments in order to infuse liquidity into the system as the economy grapples with COVID-19 challenges

Coronavirus  outbreak: Goa tourism industry may suffer loss of over Rs 1,000 cr; urges govt to provide tax relief
Business

Coronavirus outbreak: Goa tourism industry may suffer loss of over Rs 1,000 cr; urges govt to provide tax relief

Travel and Tourism Association of Goa held a meeting on Thursday to review the stringent curbs imposed by the state government in light of the COVID-19 pandemic.

SBI cuts FD interest rates second time in a month, reduces MCLR by up to 15 bps; home, auto loans to become cheaper
Business

SBI cuts FD interest rates second time in a month, reduces MCLR by up to 15 bps; home, auto loans to become cheaper

The country's largest lender State Bank of India (SBI) on Wednesday said it has reduced its marginal cost of fund-based lending rate (MCLR) by up to 15 basis points across various tenors, effective 10 March

Bank of Baroda cuts MCLR by up to 10 bps effective 12 February; home, auto loans to become cheaper
Business

Bank of Baroda cuts MCLR by up to 10 bps effective 12 February; home, auto loans to become cheaper

State-owned Bank of Baroda on Monday announced cut in its marginal cost of funds-based lending rates (MCLR) by up to 10 basis points, effective 12 February