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Latest Articles in loans

Ujjivan To Enter Gold Loan Segment Soon; To Offer Auto Loans To Customers

With an aim to increase its secured asset portfolio, Ujjivan Small Finance Bank is entering the gold loan segment shortly and also extending auto loan offerings to non-micro borrowers

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Poonawalla Fincorp Ties-Up With AIOCD For Loan Offerings To Its Members

Poonawalla Fincorp, a non-deposit-taking, systemically important non-banking finance company, has partnered with the All-India Organisation of Chemists & Druggists (AIOCD) to offer loans at special rates of interest to its members across India

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Ireda Sanctions Highest-Ever Loan Of About Rs 24k Cr In 2021-22

Ireda Chairman & Managing Director Pradip Kumar Das in his interaction with employees highlighted that Ireda has achieved major milestones in 2021-22 even though the year saw the second and third waves of the COVID-19 Pandemic along with the ongoing globally tense situations

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Banks Recover Nearly Rs 61,000 Crore Via One-time Settlement Of Loans

The figures are for the last three financial years and up to December 2021 of the current fiscal

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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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