Page 7 - Loans

Himachal govt to issue SOP soon as loan scheme expanded to education abroad

Days after the Himachal Pradesh Cabinet approved to extend benefits of the Dr YS Parmar Vidyarthi Rin Yojna to overseas education, Chief Minister Sukhvinder Singh Sukhu on Sunday said a detailed standard operating procedure (SOP) will be issued in this regard soon. The state cabinet on Friday decided to expand the scope of the scheme, under which educational loan of up to Rs 20 lakh is provided at one per cent to eligible students aspiring to pursue professional and vocational courses, to include overseas educational institutions. On Sunday, Sukhu said that this initiative will benefit students aspiring to pursue higher studies in foreign institutions, ensuring that financial limitations do not stand in the way of their educational aspirations. A detailed SOP will be issued in this regard by the education department soon, he added. The state government launched the loan scheme last year to support the eligible meritorious students of economically weaker sections. Students from ...

M&M Financial Services board approves expansion into mortgage business

The company would also participate in affordable housing loan schemes of governments

NaBFID planning to disburse $17 bn in loans to finance projects: Official

The 20-month old financial institution, which has been created to focus on infrastructure funding, has assessed 200 projects and is planning to sanction $26.5 billion in loans over two years

Himachal govt raised loans worth Rs 21,366 cr in last 20 months: CM Sukhu

Earlier on Thursday during the Assembly session, CM Sukhu said that the financial condition of the state is not good

Microfinance industry AUM up 22% at Rs 1.4 trillion till June, shows data

The loan amount of Rs 26,223 crore was disbursed in Q1 FY24-25 through 56.8 lakh accounts, including disbursement of owned as well as managed portfolios

Loans to industry show significant uptick in July, shows RBI data

Growth in personal loans down sharply

Microloan asset quality faces strain as heatwaves, loan waiver rumours bite

Asset portfolio shrinks sequentially; growth seen moderating by 2-3 percentage points in FY25

Rs 25 lakh loan at 5% needed for middle-class homebuyers: Naredco president

Around 30% of Indians are unable to afford home loan EMIs at current rates, says G Hari Babu

MSME cash flows can be erratic; lenders must know: Flexiloans.com's Jain

We don't set up physical branches, and this allows us to reach more locations compared to the larger banks and NBFCs, he says

Shaping a better tomorrow: Loan distribution set for major overhaul

The Financial Stability Report of June 2024 has it that delinquency levels among borrowers with personal loans below Rs 50,000 remain high

India's biggest shadow bank Bajaj Finance aims to borrow $500 million loan

The funds will be raised under the Reserve Bank of India's external commercial borrowing route, which caps the interest rate at 500 basis points over the benchmark rate

Reserve Bank of India tweaks risk weights for housing finance companies

At the same time, the regulator segregated risk weights for standard and stressed commercial real estate - residential buildings

Skill ministry launches revised loan scheme, up to Rs 750K per student

The new credit guarantee scheme has now also been extended to NBFCs, MFIs and SFBs

Avoid extra loans to borrowers with over Rs 200,000 MFI exposure

The enhanced guidelines must be issued to lending institutions to protect the interests of the microfinance sector and specifically its clients

DLAI adds former RBI execs to advisory council, aims for SRO-FT recognition

An SRO is a non-governmental organisation that acts as a bridge between industry players and the regulator. It also sets standards for the conduct of entities operating in the country

Banks cautious on lending to stressed MSMEs due to NPA classification rules

Loans to the sector slows down after accelerating in FY21, FY22

Pre-budget wish list: Set up Credit Guarantee Fund for agri loans, says SBI

The SBI report said that this fund is expected to boost fresh agriculture credit multiple times

Is marriage loan a smart financial move or a debt trap? Find out here

After the wedding, you'll be paying the EMIs and not the guests you aimed to impress with a grand celebration

HDFC Bank mulling loan portfolio sale amid growth scrutiny: Report

Shares of the bank fell the most in a month on Friday after it reported flat sequential deposit performance in the quarter ended June

State Bank of India indicates another 10-15 basis points MCLR hike

Loans to companies are linked to the MCLR, which depends on the cost of the funds of a bank. Retail loans are linked to the external benchmark lending rate (EBLR)