Loans

PM Modi releases benefits under PM CARES for children; promises stipend, loans for higher education

PM CARES for Children Scheme was launched to support children who have lost both their parents or legal guardian or adoptive parents or surviving parents to COVID-19

Sri Lanka to get a year’s extension to repay $200 million bailout to Bangladesh

According to the deal, Sri Lanka was supposed to repay the loan within three months. However, as the country is facing a severe economic crisis, the loan term has been extended

In locked-down Maharashtra, sugarcane field labourers' lives are upturned by rising debt, inability to access education

Countless young people in Maharashtra, whose families are engaged in cutting sugarcane, are faced with the reality of entering into an endless cycle of debt, labour in the fields, and eventually being forced to discontinue their education.

HDFC Bank extends moratorium on loan, EMIs, credit card outstandings by 3 months till August; here's all you need to know

HDFC Bank announced that it has extended the loan moratorium by another 3-months

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

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

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

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

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

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