Loans worth Rs 7,503 crore were assigned to its banking subsidiary.
The terms of China's loan deals with developing countries are unusually secretive and require borrowers to prioritise repayment of Chinese state-owned banks ahead of other creditors, a study showed
Govt is of the view that the onus of reimbursing compound interest charged to customers does not fall on entirely on itself, said a top govt official
UltraTech Cement on Tuesday said it has prepaid its long-term loans of Rs 5,000 crore
Iyer said the penal interest would add up only trite as NBFCs are typically small ticket loan suppliers
Loan moratorium case: The Supreme Court said that the waiver of complete interest is not possible as it affects depositors
Major banking stocks have broken crucial supports
Loan Moratorium verdict: It also declared that compound interest will not be charged for the period of moratorium.
A bench headed by Justice Ashok Bhushan which had reserved its verdict on the batch of pleas on December 17, last year, will pronounce the judgement
Presence of collateral allows lenders to relax their criteria while sanctioning of these loans
According to MFIN, loans with over 30-day dues were at 2.51 per cent in September
The microfinance industry's gross loan portfolio (GLP) grew 10.1 per cent to Rs 2,32,648 crore as on December 31, 2020
More women have resorted to unsecured personal loan borrowings, according to a report.
The firm said it has already surpassed its target of facilitating disbursal of Rs 1,000 crores of business loans to its merchant partners
The delinquencies, which were 0.6-0.7 per cent level in February, shot up to 3.4-3.6 per cent in case of SME and MFI segment by December
Speed and flexibility to cater to a wider segment of small borrowers are tilting market in their favour
He pointed out that the PMAY and PMSY were ambitious schemes introduced by Prime Minister Narendra Modi for the benefit of the poor
The firm has inked a pact with Indian Oil Corporation to provide up to Rs 2 crore to the oil company's dealers
Consolidated loan assets of the group grew 28% to Rs 55,800 cr during nine months of 2020-21
Renewed focus on MFI loans and credit cards should put the bank on growth trajectory after six quarters