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Latest Articles in loans

Issued No Direction To Banks To Not Give Loans To Sensitive Customers: FinMin

However, banks do exercise a certain level of discretion based on their available KYC (know your customer), she added.

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FM Sitharaman Says Banks Sanctioned Rs 11,168 Crore Under Credit Outreach Initiative

The Finance Ministry said Rs 4.94 lakh crore were distributed under the outreach programme.

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LIC Housing Extends Lowest Home Loan Offer Of 6.66% For Loans Up To Rs 2 Cr

The new offer announced on Thursday is available for all borrowers with CIBIL score of 700 and above, irrespective of their occupation i.e. salaried or professional/self-employed,

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RBI Eases Norms For Loans Given By Banks To Directors Of Other Banks

Sanction by the board/management committee for grant of loans to a company is required, where the relative of a director holds substantial interest which is defined as 10 per cent of paid-up capital or Rs 5 lakh, whichever is less.

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30 Cr Loans Worth Rs 15.97 Lakh Cr Disbursed Under PMMAY Since Apr 2015: Karad

Banks and financial institutions have disbursed over 11.29 crore loans amounting to Rs 6.41 lakh crore during 2019-20 and 2020-21, Minister of State for Finance Bhagwat K Karad said in a written reply in the Rajya Sabha.

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Govt Extends Emergency Credit Line Guarantee Scheme Till Sep 30

In a related development, SBI, IBA held a press conference to explain the approach for restructuring loans

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Do’s And Don’ts Of Applying For Loans On Digital Platforms

Like any financial transaction, a digital application for loans must be conducted after due diligence.

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Banks Can Deduct Loans To New MSME Borrowers From NDTL For CRR Purpose: RBI

The central bank said for this exemption, 'new MSME borrowers' are defined as those MSME borrowers who have not availed any credit facilities from the banking system as on January 1, 2021.

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Indusind Bank Q3 Net Slips 37% As Provisions For Bad Loans Soar

The overall provisions rose to Rs 1,853 crore that included Rs 1,100 crore of COVID-related provisions, as against Rs 1,043 crore in the year-ago period

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Indian Banks' Loans Rose 6.1% In Two Weeks To Dec 18 - RBI

Outstanding loans rose 518.61 billion rupees ($7.09 billion) to 105.50 trillion rupees in the two weeks to Dec. 18.

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SC defers hearing over loan moratorium extension to Nov 18

SC defers hearing over loan moratorium extension to Nov 18

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HDFC Q2 net profit declines by 28 per cent

HDFC Q2 net profit declines by 28 per cent

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US to offer loans to lure developing countries to shun Chinese telecom gear

US to offer loans to lure developing countries to shun Chinese telecom gear

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Government to give Rs 12,000 crore special interest-free 50-year loan to states

Government to give Rs 12,000 crore special interest-free 50-year loan to states

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Why Small-Ticket Loans Are Gaining Momentum In Today’s Scenario

As a liquidity crunch and adverse market conditions impact individuals, microloans are gaining popularity in tiding over their short-term needs.

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