Page 26 - Loans

State-owned NTPC plans to raise term loans worth up to Rs 5,000 crore

State-owned NTPC on Wednesday invited proposals for raising term loans worth up to Rs 5,000 crore. The power producer has issued a Request for Proposal (RFP) for raising the amount and financial institutions can submit bids till 11 am on August 26, 2021. The bids would be opened the same day at 11.30 am, according to a letter by NTPC to financial institutions. The loans would be utilised towards capital expenditure for ongoing or new capacity addition programmes. These include takeover of projects, buying out Government of India's equity stake in PSUs under the disinvestment programme, renewable energy projects, coal mining & washeries, renovation & modernisation programmes of various projects, refinancing of loans and general corporate purposes. The minimum amount of loan offered by banks/ financial institutions shall be Rs 500 crore and in multiples of Rs 500 crore thereafter, as per the company. In case of two bidders quoting the same rates, preference will be given to ...

Track up to 29-day dues in micro-loans to contain slippages: Sidbi

Advises caution amid easing of stress, evident from improved collection efficiency

Nearly half the loans under ECLGS went to services sector, traders

Together, the two sectors account for over Rs 91,000 crore worth of govt-guaranteed loans out of a total of Rs 1.98 trillion

NBFC-MFIs gross loan portfolio may grow 10-15% in FY22: Report

The Gross Loan Portfolio (GLP) for NBFC-MFIs had grown only 11 per cent year-on-year in FY 2021.

RBI hikes collateral free loans to SHGs under DAY-NRLM to Rs 20 lakh

The Reserve Bank of India on Monday notified the enhancement of collateral free loans to self-help groups (SHGs) from Rs 10 lakh to Rs 20 lakh under DAY-NRLM

Recast loans worth Rs 70,000 crore get extra time to meet norms

Bankers said this move comes as a support to stressed firms from sectors like tourism, real estate, hospitality and others hit badly by second wave

Stick to regulated entities for short-term personal loans: Analysts

Avoid online platforms that charge exorbitant interest rates

Twitter's Dorsey leads $29 billion buyout of lending pioneer Afterpay

The takeover, also the biggest buyout of an Australian firm, underscores the popularity of a business model that has upended consumer credit

Q1 results: Private banks' net profit up 33.6%, provisions fall 11.5%

Out of the 14 private lenders that have declared results, only one bank booked a net loss in Q1 of FY22 on account of provisions for Covid

Personal loans register accelerated growth of 11.9% in June 2021: RBI

Non-food bank credit growth stood at 5.9 per cent in June compared to 6 per cent in the year-ago period, according to RBI data released on Friday.

How you use a loan determines tax benefit

Interest paid on even a loan against property is tax deductible if you can prove that the loan was utilised for your child's higher education

Multi-crore loan scam: Oppn grills Kerala govt in Assembly; stages walkout

The CPI(M)-led LDF government in Kerala on Friday faced the opposition heat in the state Assembly over a multi-crore loan scam that surfaced in a cooperative bank controlled by the party

Biz2X launches API-based loan management system to speed up loan cycle

The solution minimises human error, offers customer detailed portfolio on a single click and helps him achieve cost savings

IIFCL aims for loan sanctions worth over Rs 23,000 crore in FY22

IIFCL is aiming at loan sanctions worth over Rs 23,000 crore and disbursements of Rs 14,000 crore in 2021-22 depending on the project pipeline available in the market.

Best of BS Opinion: Hope fades for PSBs, a future without promoters & more

Here are the best of Business Standard's opinion pieces for Wednesday

Capital India to invest $25 million in education loan company Credenc

Credenc gives loans for schooling, online upskilling and higher education; it plans to scale up its finances

Comply with order once moratorium ends

NCLT Mumbai Bench's moratorium order was effective from December 3, 2018, to May 2, 2020.

Credit costs of MFIs may surge up to 10% by March 22, says Ind-Ra

In May 2021, the rating agency had predicted that overall the microfinance sector's collections could drop by a cumulative 10-15 per cent during the month compared to March 2021

JPMorgan notches record quarter on merger flurry, $3-bn reserve release

JPMorgan released $3 billion in reserves it had previously set aside for bad loans, almost twice as much as analysts had predicted.

Recast loans at non-bank lenders may double by this fiscal-end: Report

The same ratio had stood at 1.6 per cent as of March 2021, after the first wave of the pandemic.