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  Union Bank of India cuts MCLR by up to 15 bps across all tenors

  Business | May 08, 2020 20:36 IST

  State-owned Union Bank of India on Friday announced reduction in its marginal cost of funds-based lending rate (MCLR) by up to 15 basis points across all tenors, effective May 11.

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  Bank of Baroda launches loan scheme for retail customers

  Business | April 08, 2020 13:33 IST

  In the wake of COVID-19 pandemic, public sector lender Bank of Baroda has launched "Baroda Personal Loan COVID 19" for its existing retail loan customers (home loan, auto loan & loan against property).

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  Yes Bank customers can pay credit bill, loan repayments through other bank accounts

  Business | March 10, 2020 12:51 IST

  Crisis-hit Yes Bank said on Tuesday that customers could now make payments towards their credit card and loans through other bank accounts, days after prominent banking services were curtailed after the RBI imposed moratorium on the lender.

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  Pakistan receives $452.4mn second tranche of IMF loan

  World | December 27, 2019 10:34 IST

  The Washington-based lender, after the first review, posed trust on continuity of IMF-backed reforms needed to bring Pakistan's economy on the stability path. But, it cautioned against fiscal slippages with risks to reforms remaining elevated. The growth was projected to further slide to 2.4 per cent in the current fiscal year from 3.3 percent in the last fiscal of 2018/19, The News International reported.

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  Air India stops giving tickets on credit to govt defaulters

  Business | December 27, 2019 9:19 IST

  The airline has also stopped issuing tickets to these departments, except for some such as the AAI and the Ministry of Civil Aviation. The airline has sought immediate repayment of dues, and until then no tickets will be issued on credit to the officials of these departments.

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  Maruti Suzuki partners Federal Bank for dealer finance, vehicle loan

  Business | December 11, 2019 17:38 IST

    The country's largest car maker Maruti Suzuki India (MSI) on Wednesday said it has partnered Federal Bank to provide dealer finance and customised automobile retail financing solutions to customers. In August this year, MSIL had inducted Federal Bank as an approved partner for dealer inventory funding.

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  Pakistan, Asian Development Bank sign loan agreement worth USD 1.3 billion

  Business | December 09, 2019 18:34 IST

  Pakistan on Monday signed an agreement with the Asian Development Bank for a loan worth USD 1.3 billion to support the cash-strapped country's public finances and shore up its slowing economy. 

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  Uber India plans free doctor access, micro loans for drivers

  Business | November 20, 2019 16:25 IST

  Global ride-hailing major Uber on Wednesday rolled out a driver rewards programme called "Uber Plus" in India that will let drivers earn points for rides so that they can win free doctor consultations, concessions on education modules, access to micro loans, faster airport pick ups and savings on vehicle maintenance costs.  

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  Air India extends bridge-loan bids for Boeing purchase to Nov 22

  Business | November 18, 2019 19:55 IST

  The selloff-bound airline had on October 30 floated bids from banks/ financial institutions to refinance its existing bridge-loan facility worth USD 819 million or worth over Rs 5,800 crore by November 14

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  ICICI Bank to organise 2,000 loan camps across India

  Business | November 15, 2019 18:32 IST

  The bank will host around 2,000 such 'Maha Loan' camps across the country by end of March 2020, ICICI Bank said in a release.

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  Should you get a long term or short term business loan?

  Brand Content | November 01, 2019 13:17 IST

  A loan is a borrowed sum of money, which has to be paid back at a pre-determined maturity date with interest that can be either fixed or variable rate.

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  Bandhan Bank posts consolidated net income of Rs 972 cr

  Business | October 24, 2019 18:14 IST

  Managing director and chief executive CS Ghosh said it took nine months to complete the merger with Gruh and the bank, which has its roots in the micro-lending segment, will now focus more on affordable housing loans.

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  Slow loan disbursal a major concern: Industry body FISME

  Business | August 12, 2019 0:11 IST

  As per data compiled by the Reserve Bank of India (RBI), the outstanding credit of Public Sector Banks (PSBs) to the MSME sector increased from Rs 8.20 lakh crore in March 2016 to Rs 8.81 lakh crore in March 2019 (provisional).

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  Pakistan sets a new record by taking a whopping $16 bn of loans in one year

  World | July 24, 2019 7:25 IST

  As per documents of the Federal government, all the loans were taken in the financial year 2018-19, which includes 11 months of the Imran Khan-led Pakistan Tehreek-e-Insaaf party government, the Express Tribune reported.

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  World bank approves USD 722 million loan for Pakistan

  World | June 30, 2019 15:59 IST

  The World Bank has approved USD 722 million loan for Pakistan that will largely be used for improving civic and public transport facilities in Karachi, according to a media report.

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  World Bank approves $147 million loan to Jharkhand

  Business | June 25, 2019 14:42 IST

  This is in keeping with the needs of a rapidly urbanizing state where about 31 million people reside in urban areas and urban population growth in nine of the 24 districts in Jharkhand is above India's overall urbanization pace of 2.7 per cent.

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  Odisha to focus on agriculture to bring poverty below five per cent

  India | June 25, 2019 14:14 IST

  Addressing the inaugural session of the 16th Odisha Legislative Assembly, the Governor said the government will provide interest free crop loans to small and marginal farmers up to Rs 1 lakh.

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  PNB admits staggering loan defaults of Rs 25,000-crore

  India | June 12, 2019 19:23 IST

  The beleaguered public sector Punjab National Bank (PNB) has admitted to 1,142 big and small defaulters all over India who have defaulted a stupendous Rs 25,090.3 crore.

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  Rustomjee hosts Home Loan Mela at Global City

  India | May 22, 2019 11:53 IST

  The homes are in 1 and 2 BHK variants with prices starting at an affordable Rs 29.50 lakhs with only 1% GST payment. For those considering a home loan, Rustomjee is thoughtfully organizing at Home Loan Mela at Global City

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  ICICI-Videocon bank loan case: Chanda Kochhar appears before ED

  Business | May 13, 2019 18:53 IST

  They have been questioned in the past too at the agency's office in Mumbai after the central agency conducted raids in this case on March 1.