Bank Loans
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Diwali home loan festive offers: Major points to keep in mind before going ahead
Business | Oct 29, 2024, 01:56 PM ISTThe banks and other lenders come up with festival special offers that include lower processing fees and reduced interest rates for home loan borrowers, however, experts suggest that consumers should stay vigilant about hidden terms and conditions, considering their long-term financial goals.
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Confused about taking a loan? Tips on easy loan management
Personal Finance | Nov 09, 2021, 10:18 AM ISTWhile technology has revolutionised how loans are disbursed, the principles of judicious borrowing have not.
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Bank loan's priority sector classification extended to NBFCs: RBI
Business | Mar 24, 2020, 08:57 AM ISTThe Reserve Bank of India (RBI) on Monday announced that the bank credit to registered NBFCs towards agriculture, MSEs and housing sector up to prescribed limits will be treated as priority sector loans during the next fiscal starting April.
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Banks to hold 'Credit Shamiana' to felicitate easy loans from today
Business | Oct 03, 2019, 12:59 PM ISTIn a bid to reach out to people across remote areas, the Public Sector Banks, including the State Bank of India will reach out to people by organising 'credit shamianas' for easy disbursal of loans. The move was a brainchild of finance minister Nirmala Sitharaman and is aimed to help farmers across the country.
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Attention ICICI customers! Home loan, personal loans turn cheaper
Business | Oct 01, 2019, 04:50 PM ISTICICI Bank MCLR Rate: Good news for ICICI Bank account holders as India's one of leading private lender has announced Dussehra gift for its customer. The bank has reduced Marginal Cost of Funds based Lending Rate (MCLR) by 10 bps (basis points) for its customers and the changes will be effective from today, i.e October 1, 2019.
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Banks bad loans down at Rs 9.34 lakh cr at FY19-end: Nirmala Sitharaman
Business | Jul 16, 2019, 04:13 PM ISTTotal bad loans of commercial banks declined by Rs 1.02 lakh crore to Rs 9.34 lakh crore in the 2018-19 fiscal on the back of steps taken by the government, Finance Minister Nirmala Sitharaman said Tuesday.
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SBI cuts benchmark lending rate by 0.05 per cent across maturities
Business | Nov 01, 2017, 09:34 AM ISTSBI's move will trigger rate cut by other lenders. The bank had last cut the rate on Jan 1.
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‘Prime mover’ Mallya used IDBI loan for Kingfisher Airlines to fund F1 race team, says ED
Jun 14, 2017, 10:19 PM ISTThe ED filed the chargesheet a day after the Westminster Magistrates Court in London granted Mallya bail till December 4 in the extradition case.
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ED attaches Rs 263-crore worth assets of Deccan Chronicle group
Mar 29, 2017, 08:16 AM ISTThe Enforcement Directorate Tuesday attached assets worth Rs 263.10 crore of Hyderabad-based Deccan Chronicle Holdings Limited (DCHL) in a bank loan fraud case.
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Union Minister YS Chowdary faces arrest over alleged loan default
National | Apr 08, 2016, 12:34 PM ISTUnion Minister YS Chowdary faces arrest with a non-bailable warrant out against him on the complaint of a Mauritius-based bank for alleged loan default.
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Infrastructure loans: RBI eases norms to give more flexibility to banks
Dec 16, 2014, 10:22 AM ISTMumbai: To revive stalled plans and help banks tide over mounting bad loans, the Reserve Bank of India (RBI) on Monday eased norms for structuring of existing long-term project loans to infrastructure and core industries.The
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RBI says onus of forming JLF on lead bank; warns of penalty
Oct 22, 2014, 06:38 AM ISTMumbai: The Reserve Bank of India (RBI) put the onus of forming a Joint Lenders' Forum (JLF) on the bank with highest exposure to a distressed borrower and said here today that failure to do