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Bank loans News

13 Aug 2022

RBI tighten norms for loan recovery agents

The timing for call for recovery has been set between 8 a.m. and 7 p.m. RBI has warned collection agents not to harass customers.

30 Sep 2021

Nirbhaya-Ek Pahal programme launched in UP, to benefit over 75,000 women

CM Yogi Adityanath launched Nirbhaya-Ek Pahal programme in the state under which over 75,000 women will get connected with state banks, get loans at cheaper interest rates.

30 Jul 2020

PM Narendra Modi asks banks, NBFCs to fund bankable proposals; assures support

The primary purpose of the meeting was to discuss and deliberate a roadmap and vision for the future. The meeting comes in the wake of banks and non-banking financial companies (NBFCs) seeking additional liquidity for lower rated companies.

SBI chairman Rajnish Kumar

02 Jun 2020

Banks are ready to finance but there are no takers for loans: SBI Chairman

Rajnish Kumar said that the corporate sector should not expect much from the government but have to be self-reliant or "atmanirbhar", given the fiscal position of the government.

05 Dec 2018

New benchmarks for interest on home, auto loans from April 1, 2019

Currently, banks follow system of internal benchmarks, including Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR).

11 Aug 2017

Govt has not written off single rupee of corporate loans: FM

He told the Lok Sabha that writing off a loan was a commercial decision of banks and added that there has been no scheme of farm loan waiver by the Centre since 2014.

housing project

03 Aug 2017

No home loan if not registered in RERA: Sources

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17 Jul 2017

Diageo holds $35 million payment to Vijay Mallya

British liquor giant Diageo has decided to withhold remaining USD 35 million due to Vijay Mallya as part of the USD 75 million (Rs 515 crore) sweetheart deal for his exit from United Spirits Ltd, a source familiar with the development said.

15 May 2017

Now, HDFC too matches SBI, ICICI's rates, lowers to 8.35%

Pureplay mortage player HDFC on Monday followed suit of its rivals and lowered new low-cost home loan prices by 15 bps to 8.35 percent for women borrowers and by 10 bps for men, thereby matching the rates offered by SBI last week and ICICI Bank earlier in the day.

14 Apr 2017

China's shadow banking rebounds in March, household loans surge despite curbs

China`s banks unexpectedly extended less credit in March than in the previous month as the government tries to contain the risks from an explosive build-up in debt and an overheating housing market.

11 Jan 2017

Reports on the cheap loans offered by banks | Part II

11 Jan 2017

Reports on the cheap loans offered by banks | Part I

18 Nov 2016

SC against disclosure of big defaulters' names, says won't lead anywhere

The Supreme Court today said that disclosure of names of debtors, who owe Rs 500 crore and more to banks, will not lead "anywhere" as the important issue is to address "root cause" of accumulation of non-performing assets (NPAs).

Finance Ministry

24 Oct 2016

Finance Ministry to hold meeting with top bankers today to discuss NPA issue

In order to discuss the bad loans problem existing in specific sectors, Finance Ministry has called a meeting with senior managers of banks on Monday.

Finance Ministry

23 Oct 2016

Finance Ministry to hold meeting with top management of banks on NPAs today

In order to discuss the bad loans problem existing in specific sectors, Finance Ministry has called a meeting with senior managers of banks on Monday. The agenda of meeting will be focussed on non-performing assets (NPAs) in sectors like steel, power and infrastructure, sources said.

16 Oct 2016

Only 15% population in metro aware of credit scores: Survey

Despite of credit bureaus operating for past one decade and lenders making credit scores mandatory for loans, a recent survey conducted in eight metros has found that only 15 percent people are aware of such a system, while over 50 percent respondents are unaware of the bureaus.

25 Jul 2016

Vijay Mallya's 8 luxury cars to be auctioned for Rs 14 lakh

Beleaguered businessman Vijay Mallya's 8 luxury cares will be auction by public lender SBI on August 25.

07 Jul 2016

Know why monsoon is the best time to purchase residential property

It may be cumbersome to launch a physical search for purchase of property during monsoon season, no one can doubt the fact that it's also the best time to clinch a sale transaction.

22 Jun 2016

ECB launches new round of ultra-cheap loans for banks

The European Central Bank on Wednesday launched a new round of ultra-cheap loans for banks in a fresh move to kick-start sluggish credit in the single currency area.

13 Jun 2016

Vijay Mallya quietly sold 2 properties worth several crore before ED move

Vijay Mallya had quietly sold two properties worth several crore before Enforcement Directorate's move to attach his properties to the tune of Rs 1,411 crore

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