Page 28 - Loans

State Bank of India announces up to 30 bps concession on home loans rates

State Bank of India on Friday announced an interest concession of up to 30 basis points on home loans and a 100 per cent waiver on processing fees

Microloans: Early delinquencies jump to 15.7% in September, says CRIF

West Bengal, which retained its position as the top microfinance market as of September, had an early delinquency rate of 31.7 per cent

MSME loans doubled during CM Adityanath's rule, says UP government

Loans disbursed to the MSME sector have doubled during the rule of BJP government led by Chief Minister Yogi Adityanath, a govt spokesperson said

China denies seeking additional guarantees for $6 bn loan to Pakistan

China termed as baseless the reports that it has sought additional guarantees from Pakistan for sanctioning a 6 billion loan for a railway line project

China asks Pakistan for additional guarantees for $6 billion loan

China has in a turn of events now demanded guarantees before sanctioning fresh $6 billion in loan to Islamabad

Pakistan returns $1 billion of Saudi Arabia's soft loan, officials say

Analysts say it is unusual for Riyadh to press for the return of money

SBI will prefer co-origination models of lending to MSMEs: Chairman

Dinesh Kumar Khara said banks need to have enough confidence into various models of the MSMEs and also the commitment level of such entrepreneurs

RIL raises $1.4 bn in overseas debt to prepay Reliance Holding's loans

14 banks signed up for a deal last week that will give RIL the distinction of raising the highest debt from international lenders by an Indian firm

PFC, REC sanction loans worth Rs 1.18 trn under discom liquidity package

Both the firms have disbursed around Rs 31,100 crore under the package

Loan moratorium: RBI urges SC to lift order banning declaration of NPAs

The RBI urged the Supreme Court to lift its interim order, which held that accounts not declared as non-performing assets till August 31 this year are not to be declared NPAs till further orders

Simply explained: Loan moratorium interest waiver scheme for borrowers

In this podcast, Business Standard's Sanjay Kumar Singh answers all your questions and try to explain in detail about the reimbursement plan

J&K LG sanctions over 10,000 loan cases for budding entrepreneurs

Jammu and Kashmir Lieutenant Governor Manoj Sinha on Tuesday announced sanction of over 10,000 loan cases for the union territory's budding entrepreneurs under various programmes. Sinha said his mantra for Jammu and Kashmir revolved around 'four Ps' -- peace, progress, prosperity and people. The sanctioning of over 10,000 cases under B2V3 (back to village-3) self employment programme, economic package and 'My Town-My Pride' highlights the UT government's commitment to empower the youth which is one of the foremost priorities of J&K government, he said. Sinha said 15,309 applications were received, out of which 10,828 have been sanctioned and an amount of Rs 100 cr has been disbursed to 6,734 applicants, identified under B2V3. We had taken up a target of covering at least 2 persons in each Panchayat who were in need of financial assistance for self employment, he added. He said the administration is committed to cover every single aspirant within the UT, who wishes to set up ...

SIDBI's 'Standup Mitra' portal records over 96,000 loan sanctions

The Small Industries Development Bank of India (Sidbi) on Tuesday said its 'Standup Mitra' portal has recorded over 96,000 loan sanctions worth over Rs 21,000 crore as of September end

Earlier blamed for scams, the poor now being offered loans by govt: Modi

Prime Minister Narendra Modi on Tuesday said his government has acknowledged the honesty and hard work of street vendors by offering them loans that were inaccessible to the poor in the past

Enforce waiver of interest on interest scheme: RBI to lending institutions

The Reserve Bank asked all lending institutions to implement the waiver of interest on interest for loans up to Rs 2 crore for the six months moratorium period beginning March 1, 2020

Govt rings in Diwali, waives interest on interest for loans up to Rs 2 cr

Housing loan, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme

YES Bank offers discounts on credit card; loans at competitive rates

YES Bank introduced festival season offers with discounts on processing fee on loans, low-cost EMIs, gift vouchers, cashbacks as well as various consumer loans at competitive interest rates.

Govt may not extend Rs 3 trn credit guarantee scheme for MSMEs beyond Oct

The scheme is meant to provide financial support to businesses, primarily Micro, Small and Medium Enterprises (MSMEs), impacted by slowdown triggered by the coronavirus pandemic

Only standard loan accounts as of March 1 eligible for recast: RBI

The RBI has clarified that loans which have remained standard without any defaults as of March 1, 2020, will be eligible for restructuring under the pandemic-related resolution framework issued in Aug

Capital Float reaches 1 million customers; Rs 9,000 cr loans disbursed

Digital financial services provider Capital Float said it has crossed the one million customers milestone and has disbursed over Rs 9,000 crore till date to small businesses and retail borrowers