Page 10 - Loan

Govt expands ECLGS coverage ahead of festive season, economic upturn

The ECLG scheme will now end on March 31, 2022 or till guarantees for Rs 4.5 trn are issued, whichever is earlier. However, loans under the scheme can be disbursed till June 30

NTPC invites offers for raising up to Rs 5,000 crore as rupee term loan

NTPC said the loan will be utilised towards capital expenditure for ongoing/new capacity addition programmes

HSBC profit more than doubles, loan-loss fears ebb as economies rebound

Encouraged by an economic rebound in Hong Kong and Britain, HSBC reinstated dividend payments, flagged higher payouts in future, and released $700 mn that was set aside as provisions

IDBI Bank expects its gross NPAs to come down to 15% by FY22-end

Growth in loan book and transfer of some bad assets to NARC will fuel the reduction in gross NPAs

RBI increases loan limit of bank directors to Rs 5 cr from Rs 25 lakh

Said unless sanctioned by board or management committee, banks should not grant loans of Rs 5 crore or more to relatives other than spouse and dependent children of their top brass

Bajaj Finance's Q1 standalone net down 3% on higher loan loss provisions

On a consolidated basis, its net profit was down 4% to Rs 1,002 cr

OYO raises $660 mn term loan funding from global institutional investors

Hospitality firm OYO on Friday said it has raised TLB funding of $660 million from global institutional investors and the capital will be used for paring debt and other business investments

Overdue loans could spike fresh slippages in H1 of FY22, says Icra

However, restructuring and enhanced funding of Rs 1.5 trillion under government guaranteed credit scheme could provide some relief for lenders

Moneyboxx Finance aims to triple loan disbursal to Rs 180 cr in FY22

NBFC firm Moneyboxx Finance Ltd, which provides small-ticket loans in tier-2 and tier-3 cities, said it aims to triple loan disbursement to Rs 180 crore during 2021-22 by expanding its operations.

SBI to offer Kavach personal loans at 8.5% for Covid-stressed customers

It is a collateral-free offering under which a maximum of Rs 5 lakh can be extended for 5 years

Conditions apply: Festive season offers on home loans decoded

In this podcast, Business Standard's Sanjay Kumar Singh demystify the process of choosing your lender. Tune in to know more

SC rejects plea of lawyers' group for Rs 20 lakh loan due to pandemic

Supreme Court refused to entertain a plea filed by a lawyers' body seeking direction to the Centre to waive interest on loan to its members and granting Rs 20 lakh credit to the association

Loan restructuring: Who can avail the scheme? All you should know

Loan restructuring scheme is a process used by companies and individuals facing financial distress or on the brink of insolvency to lower/renegotiate their debts

RBI's loan restructuring scheme: Here's how it benefits you

The debt restructuring process involves a reduction of the interest rates on loans or an extension of its repayment tenure, or both

Vedanta ties up with SBI for long-term syndicated loan of Rs 10,000 cr

Vedanta said it has tied up with State Bank of India for a long-term syndicated loan facility worth Rs 10,000 crore

SC to hear fresh plea for extension of loan moratorium scheme till year end

SC decided to hear a fresh plea seeking extension till December last the RBI's moratorium scheme to provide facility of deferred payments of installments of term loans to borrowers due to Covid-19

Loan moratorium scheme: The story so far

Here's all you need to know about loan moratorium, how does it work? Should one ideally opt for it, Supreme Court's observations and more

Growth in loan disbursals lures job-seekers to Bihar's micro credit sector

Loans have become an important line of business in north Bihar.

RBI Monetary policy: Loans likely to become cheaper by 30 basis points

RBI move to exempt banks from maintaining CRR may free up to Rs 2 trn for lending to retail and MSME segments, says ICRA

NBFC crisis dragged loan growth to demonetisation lows in Q2: Credit Suisse

While the NBFC sector continues to face the heat, corporate banks seem to be on track to recovery