Page 7 - Loan

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

Byju's takes Rs 300 crore unsecured loan from Aakash at a rate of 7.5%

Aakash Educational Services was acquired by Think and Learn Pvt, Byju's parent company, in April 2021 for a cash and stock deal worth $950 million

Jhunjhunwala's firm Rare in talks with Barclays to prepay Rs 500 crore loan

The loan was used to fund the acquisition of Zydus Cadila's animal healthcare business in 2021

Ujjivan SFB reports 44 % YoY growth in advances in Q2, loan book expands

Lender reports 45% growth in deposits to Rs 20,389 crore at the end of the quarter

Best Bad Credit Loans: Top 3 Loan Companies with No Credit Check & Guaranteed Approval

.

Loan provisioning in banks: RBI for expected loss-based approach

With low NPAs and high provisions, time ripe for global standards: Bankers

Applying for a digital loan? Stick to loan apps on RBI's white list

The name of the bank or NBFC on whose behalf the app lends should be mentioned on the former's website

Microfinance disbursements slowed in Q1 FY23 after new regulations: MFIN

Lenders needed time to make policy changes after norms were updated in March 2022, says industry group

3 Best Same Day Loans with Guaranteed Approval for Bad Credit in 2022

.

Crackdown on illegal loan apps: RBI to make 'whitelist' of legal platforms

MeitY will ensure only authorised apps are hosted on app stores; all ministries to take possible action