Page 31 - Loans

Centre warns banks on delays in disbursing Rs 3 trn loans to MSMEs

Urges units facing any such delay to write to it, assured corrective action and disbursement of loan

Charging interest during loan moratorium 'detrimental', says SC bench

Bench seeks reply from FinMin, RBI; next hearing June 12

MFIs see 50% recovery in June as rural borrowers avoid using moratorium

According to MFIs, the recoveries from rural areas in May were higher by 10-20 per cent compared to that in urban areas

Covid-19 crisis: Here's how you can manage your finances after job loss

Those who have been handed the pink slip shouldn't make too many loan queries

Bank of Maharashtra sanctioned Rs 2,789 cr in loans to MSMEs in 3 months

The bank said it was now gearing up to extend the stimulus package announced by Finance Minister Nirmala Sitharaman to restart business activities

RBI's decision to cut lending rate will make loans affordable: Sitharaman

The RBI reduced the repo rate by 40 basis points to a historic low of 4 per cent, besides extending loan moratorium for all retail and commercial borrowers by another three months till Aug 31

After pay cuts in corporate sector, youth look to P2P platforms for loans

With no upper limit, interest rates in this sphere can go as high as 35 per cent. However, even with high interest rates, many investors are turning down loan proposals.

Govt had Rs 1.35-trn outstanding loans from RBI in week to April 17

The central government had Rs 1.11 trillion in outstanding loans in the previous week, according to the RBI's weekly statistical supplement.

7 personal finance tips to guide you through these unprecedented times

Coming out of these unusual times financially fitter and stronger would require discipline, perseverance, conservancy tricks and fortitude. Here are some handy tips for millennials

Planning to take a home loan? Step-up is a good option in difficult times

Real estate prices are reasonable. Loan rates are also affordable - as low as 7.9 per cent for certain banks

IBA withdrawal of communique on loans of up to Rs 200 cr stumps banks

IBA withdraws note on FinMin letter which had PMO inputs

Just 10% of defaulted loans in non-major cos recovered under IBC: Ramesh

The first objective of the IBC was to save companies but with a mortality rate of 80 per cent it is not life saving, said Jairam Ramesh

Thailand plans $3.2 billion stimulus next week to ease Coronavirus impact

The measures, to be submitted to a cabinet meeting on Tuesday, will include handouts, soft loans and steps to support the stock market

Piramal Enterprises stock continues to be weighed down by wholesale loans

Average cost of funds remained at 11 per cent even in December quarter, indicating tight liquidity

Only 6% of adults aged till 24 are credit active in India, says report

Gen Z is the newest generation born between 1995 and 2015

Planning to buy used car on loan? Here're interest rates offered by banks

The amount given in a used car loan is lower, usually 70-85 per cent of the cost of the car

Need emergency cash? Personal loan works for those who don't like surprises

Skip personal loans- when you splurge for a holiday, new iPhone or lifestyle expense you cannot afford

Loans and advances of foreign banks operating in India grew 13% in FY19

Loans and advances of foreign banks operating in India rose about 13 per cent to nearly Rs 3.97 trillion in 2018-19.This was slightly ahead of the 11 per cent growth in this regard at scheduled commercial banks in general, comprising private, government-owned, foreign and small finance banks (SFBs). The loan book of private banks grew at a much higher rate, of 25 per cent. Public sector banks expanded theirs' by only 4 per cent. SFBs, a group of recent origin, showed 70.5 per cent growth in loans. Deposits at foreign banks rose 17 per cent in FY19, to Rs 5.8 trillion, from Rs 4.95 trn the previous year. Their capital base increased to Rs 77,809 crore, from Rs 67,883 crore, a 15 per cent increase, according to the Reserve Bank's (RBI's) report on 'Trends and Progress of Banking in India 2018-19'. Foreign banks' borrowings increased to Rs 1.51 trillion in FY19, from nearly Rs 1.3 trn, an 18 per cent spike. Other assets rose by 67 per cent over the year, to Rs 1.47 trn.The number of ..

Credit crisis is easing in India, but only for safest corporate borrowers

The cash squeeze in the nation's shadow banking industry, which lends to everyone from street vendors to property tycoons, shows few signs of abating

Need personal loan? Maintain high credit score to get better interest rate

Those having a score of above 750 are offered better rates on personal loans