Loan
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Instant loan apps: 4 including Chinese national arrested
Business | Dec 25, 2020, 06:26 PM ISTFour people, including a Chinese national, have been arrested for allegedly using coercive methods to recover dues from defaulters who had used 11 instant loan apps developed by them, police said.
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SBI launches new e-facility on website for restructuring of retail loans: All you need to know
Business | Sep 21, 2020, 09:49 PM ISTThe country's largest lender State Bank of India (SBI) on Monday said it has launched a facility on its website to help retail customers check their eligibility for one-time loan restructuring announced by the RBI.
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SBI loan fraud: MP-based company booked
Business | Aug 22, 2020, 11:02 PM ISTThe factory and registered office of the company in Morena, residences of Garg and another director Saurabh Garg and its office at Barakhamba Road, New Delhi were searched by the agency on Friday, they said.
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Facing cash problems? Now avail loan against your existing car in a unique CARS24 offer
Business | Jul 22, 2020, 11:42 AM ISTA new product has come in the market that will offer customers a loan against their existing vehicles. So all your cash problems are addressed while you continue to enjoy the drive in your car.
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World Bank clears USD 500 million loan to improve quality of education system
Business | Jun 28, 2020, 05:09 PM ISTThe World Bank on Sunday said its Board of Executive Directors has approved USD 500 million (about Rs 3,700 crore) loan to improve quality and governance of school education in six Indian states.
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Karnataka farmer walks 15 km to bank to repay loan of 3 Rs 46 Paise
India | Jun 27, 2020, 08:47 PM ISTA farmer from Baruve village in the Shimoga district of Karnataka had made to walk 15 km to reach the bank at the nearby small town, Nittur to repay a loan amount of 3 Rs 46 Paise.
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Bajaj Allianz Life to offer loan against insurance to policyholder
Business | May 27, 2020, 08:23 PM ISTWhile the government, Reserve Bank of India and financial institutions are taking various measures to provide immediate financial support, customers can also turn to their Bajaj Allianz Life Insurance policy for availing a loan against their insurance policy, in these times, the company said in a statement.
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BRICS' New Development Bank provides USD 1 billion loan to India to fight COVID-19
Business | May 13, 2020, 11:26 AM ISTThe New Development Bank of the BRICS countries has fully disbursed USD one billion emergency assistance loan to India to help it contain the spread of COVID-19 and reduce human, social and economic losses caused by the coronavirus pandemic.
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Union Bank of India cuts MCLR by up to 15 bps across all tenors
Business | May 08, 2020, 08:36 PM ISTState-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 | Apr 08, 2020, 01:33 PM ISTIn 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 | Mar 10, 2020, 12:51 PM ISTCrisis-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 | Dec 27, 2019, 10:34 AM ISTThe 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 | Dec 27, 2019, 09:19 AM ISTThe 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 | Dec 11, 2019, 05:38 PM ISTThe 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 | Dec 09, 2019, 06:34 PM ISTPakistan 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 | Nov 20, 2019, 04:25 PM ISTGlobal 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 | Nov 18, 2019, 07:55 PM ISTThe 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 | Nov 15, 2019, 06:32 PM ISTThe 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 | Nov 01, 2019, 01:17 PM ISTA 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 | Oct 24, 2019, 06:14 PM ISTManaging 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.