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Bank loan News

06 Aug 2024

NHAI Prepays Rs 15,700 Crore Bank Loan To Save Rs 1,000 Crore Interest

The sum of Rs. 15,700 crore was generated in FY 2023-24 through InvIT. Government rules stipulate that InvIT proceeds have to be used exclusively for NHAI debt repayment.

06 Aug 2024

Check Out Banks That Offer Lowest Interest Rates On Rs 5-Lakh Personal Loan

Ahead Of the Raksha Bandhan, many people look for ways to fund their celebrations and big purchases. So, there could be an increase in demand for personal loans. India's leading banks are offering personal loans at discounted interest to borrowers with a good credit score and waive off processing charges. Consumers who are applying for personal loans for travelling and shop during the festive season can look at the leading banks of India. Here are the banks offering the lowest interest rates on a Rs 5-lakh personal loan, helping you find the most cost-effective borrowing options during this special time of year.

State Bank of India

07 Apr 2020

SBI cuts MCLR by 35 bps by April 10; less EMI on 30-year loan amount

The one-year MCLR comes down to 7.40 per cent per annum from 7.75 per cent per with effect from April 10, 2020, it said, adding that the one-year tenor is the benchmark against which most of the consumer loans are priced.

11 Mar 2018

Kanpur carpenter denied bank loan despite recommendation from PM Modi

Sandeep Soni, a carpenter from Kanpur, had sought the Prime Minister's help in 2016 in securing the desired bank loan.

10 Mar 2018

PNB scam fallout: Government makes passport mandatory for loans above Rs 50 cr

Passport details of borrowers taking loans of Rs 50 crore and more have been mandatory to ensure a swift action in case of fraud and prevent fraudsters from fleeing the country, a top official said today.

11 May 2017

NPA norms welcome, will force decisions: Axis' Shikha Sharma

Axis Bank MD and CEO Shikha Sharma today welcomed changes in NPA resolution as moves that will "force" decisions by cutting layers, and also said the bank is looking for one more life insurance distribution tie-up.

21 Oct 2016

Mounting bad loans next big challenge; stage set for take effective action on NPAs: Jaitley

Terming the mounting bad loans as "next big challenge" for the country, Finance Minister Arun Jaitley today said banks should enforce their right and recover dues in the larger interest of the economy.

16 Aug 2016

PSU bank employees overpaid at the bottom, underpaid at the top: Rajan

Voicing concern over state-owned banks shunning project loans, Rajan said that such projects are still profitable.

19 Jul 2016

Banks likely to disburse Rs 1.8 lakh cr under MUDRA in FY17

Banks are expected to disburse Rs 1.80 lakh crore as loan under Micro Units Development and Refinance Agency Yojna during the current fiscal, MUDRA CEO Jiji Mammen said on Tuesday.

02 Jul 2016

This is how interest is calculated on credit card balance

Knowledge about how interest is calculated is an important approach towards using credit card more effectively.

Punjab Government

19 May 2016

Punjab Government has told Banks to write-off the Rs.5,000 Crore loan money

01 May 2016

Congress criticises Centre for not inquiring Vijay Mallya's transactions

Congress today made a scathing attack on the Centre "for not inquiring" various transactions of money paid to Vijay Mallya by Diageo Plc, including the USD 40 million Sweetheart deal.

27 Apr 2016

Supreme Court directs Banks to improve norms for loans

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26 Apr 2016

Bad debt: SC asks finance ministry to explain steps taken for recovering NPAs

SC has also asked the Finance Ministry to inform as to what safeguards it is bringing in to curb bad debt.

30 Mar 2016

Vijay Mallya favours settlement, offers to repay Rs 4,000 crore of defunct airline loans to banks

Liquor baron Vijay Mallya on Wednesday expressed willingness in Supreme Court for a settlement by offering a proposal to pay back Rs 4,000 crore by September this year.

30 Mar 2016

Vijay Mallya submits Rs 4,000 crore repayment plan to Supreme Court

Liquor baron Vijay Mallya on Wednesday submitted Rs 4,000 crore repayment plan to Supreme court.

Wilful Defaulter

17 Mar 2016

Government to make wilful default a criminal offence

In order to tackle the crisis on bad loans, the Centre is contemplating a revamp on loan defaulters.

11 Mar 2016

Journalists financially aided and abetted by Mallya?

10 Mar 2016

Discussion on how Vijay Mallya was allowed to escape India-Part III

10 Mar 2016

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