Page 7 - Loan

Adani Group fallout? NBFC loans against shares under RBI scanner

The central bank's Department of Supervision sought this information over the past week, and the deadline for submission of large exposure was on Monday, informed a source

Bank of Baroda to consider all borrower requests, including Adani, on merit

"Irrespective of borrower, you have underwriting standards and you stick to them in good times as well as bad times," Sanjiv Chadha, CEO and MD, at Bank of Baroda

Fibe crosses Rs 10,000 cr in loan disbursals, aims to double AUM every year

Launches upgraded app with conversational user interface as firm turns seven

China approves $700 mn loan to Pakistan: Finance Minister Ishaq Dar

Pakistan's all-weather ally China has approved a loan of USD 700 million to the cash-strapped country, Finance Minister Ishaq Dar announced on Wednesday. The announcement by Dar on the loan by the Board of China Development Bank came a day after Pakistan's National Assembly unanimously passed a money bill aimed at raising tax revenues to fulfil the demands set by the International Monetary Fund (IMF) for seeking a USD 1.1 billion loan facility to avoid an economic meltdown. "Formalities have been completed and the Board of China Development Bank has approved the facility of USD 700 million for Pakistan. This amount is expected to be received this week by the State Bank of Pakistan which will shore up its forex reserves!" Dar tweeted. Pakistan has a chronic balance of payments problem which was exacerbated in the last year, with the country's forex reserves declining to critical levels. As of February 10, the central bank had only USD 3.2 billion in reserves, enough to cover barely

Adani Ports repays Rs 1,500 cr to SBI Mutual Fund, Aditya Birla Sun Life

Adani Ports and Special Economic Zone has repaid Rs 1,500 crore loan and will repay another Rs 1,000 crore in commercial papers due in March. The Adani Group firm paid Rs 1,000 crore to SBI Mutual Fund and Rs 500 crore to Aditya Birla Sun Life Mutual Fund on commercial papers that matured on Monday, as scheduled. "This part prepayment is from the existing cash balance and funds generated from the business operations," a company spokesperson said. "This underscores the confidence which the market has placed on the prudent capital and liquidity management plan for the group." An SBI MF spokesperson said it has no further exposure. "SBI MF had an exposure of around Rs 1,000 crore to Adani Group, which has been repaid on maturity. We have no further exposure to the Adani Group," the spokesperson said.

Moneyboxx cumulative disbursements reach Rs 440 crore till January

Moneyboxx started operations in February 2019 and it currently has 54 branches spread across six states - Rajasthan, Punjab, Haryana, Madhya Pradesh, Chhattisgarh and Uttar Pradesh

Govt set to ban 138 betting apps, 94 loan apps with Chinese links: Report

The communication was issued to Ministry of Electronics and Information Technology (MeitY) by the Union Home Ministry

HDFC Q3 net profit rises 13% to Rs 3,691 crore, impairments decline

Monetary policy, interest rate actions had short-term impact on net interest income, says mortgage major

Securitisation of stressed assets: RBI floats paper on regulatory purview

Securitisation refers to a process that includes the pooling of loans and then selling them to a Special Purpose Entity which then issues securities backed by the loan pool

World Bank delays $1.1 billion loan to cash-starved Pakistan until next FY

The Bank's documents also showed that the PACE-II loan might be approved in the next fiscal year

Increased provision on CET1 for loan loss to be phased out: RBI paper

The RBI will introduce an ECL approach for loan loss for banks, as compared to the incurred loss approach at present, one year after announcing the final guidelines

Andhra releases Rs 395 crore towards interest-free loans for traders

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Wednesday released Rs 395 crore under Jagananna Thodu for interest-free loans

Govt okays Rs 28 cr to extend interest-free loan to tobacco farmers in AP

The government on Wednesday said it has approved Rs 28.11 crore to extend the interest-free loan to tobacco farmers of Andhra Pradesh. This measure will help the FCV (Flue Cured Virginia) tobacco farmers overcome the damage caused by Mandous Cyclonic rains, the commerce ministry said in a statement. The interest-free loan to the eligible farmers will be administered by the Tobacco Board, it added. "Piyush Goyal, Minister of Commerce and Industry, has accorded approval for Rs 28.11 crore to extend a special interest-free loan @ of Rs 10,000 to each member of Tobacco Board's Growers' Welfare Schemes under Southern Regions (Southern Light Soil and Southern Black Soil) of Andhra Pradesh from the Tobacco Growers' Welfare Fund, which will directly benefit 28,112 farmers," it said. FCV tobacco is a major commercial crop grown in 10 districts of Andhra Pradesh, with an annual production of 121 million kg (2021-22) grown in an area of 66,000 hectares. It is the major exportable tobacco vari

Siva Shelters & Construction repays IL&FS debt worth Rs 80 crore

IFIN, a subsidiary of IL&FS, the bankrupt infrastructure financing and construction company, had disbursed Rs 50 crore as loan to SSCL

Govt had no outstanding loans from RBI in Dec 9 week, says central bank

The central government had no outstanding loans in the week earlier as well

Lenders ask Byju's to liquidate US assets to part-repay $1.2-bn loan

The company is seeking a restructuring of the loan, but it faced steep losses. Around this time, some activist investors bought some of the bonds

ADB approves $780 mn loan to expand Chennai's metro rail network

In 2021, ADB committed a record $4.6 billion in sovereign loans to India.

Finance, tech transfer, capacity building on India's agenda for COP27

India will also seek clarity on loan availability, credit mechanisms and insurance requirements for adaptation finance

Centre to hold meeting on Nov 10 to discuss payment of dues to RInfra

In the last hearing on October 10, DMRC told the High Court that if Delhi Metro were to raise loans to pay the arbitration award to DAMEPL, it would fall into a 'debt trap'

Byju's takes Rs 300 crore unsecured loan from Aakash for 'principal biz'

The loan was granted at an interest rate of 7.5 per cent per annum, according to the filing