PNB Housing Fin clarifies on rumours about Omaxe group loan exposure
In a regulatory filing to exchanges, PNBHFL said the information about loan exposure to Omaxe group is "with reference to the information floating in the social media regarding PNB Housing's exposure to the Omaxe group".
Bank of India eyes Rs 10,000 cr loan sales in special drive
"Our focus through this initiative is the MSME sector as demand from the corporat...
Actual retail loan growth could be lower: Report
Bulk of figures reflect the lending for purchase of NBFCs securitised retail loan pool, a re...
Retail asset quality shows stress signs
Auto loan NPAs have increased six basis points to 1.16 per cent from 1.10 per cent in June 2019.
NBFC loan growth in FY20 to hit a 10 year low: Crisil
With the headwinds unlikely to dissipate soon, non- banks, especially the wholesale-focused ones without strong parentage, would need to make structural changes and reorient their business models, leading to a recalibration of their asset under management mix, Crisil said on Wednesday.
Leaving the nest to study abroad is hard. 3 ways a Student Travel Insurance is one of your most trusted friend in a foreign country
UCO Bank cuts MCLR by 10 basis points across tenors
The revised one-year MCLR now stands at 8.30 per cent, down from the existing 8.40 per cent, the state-run lender said in a release.
No proposal for education loans waiver, says govt
In the last three years from 2016-17 to March 2019, the amount of outstanding education loans rose from Rs 67,685.59 crore to Rs 75,450.68 crore in September 2019, as per data provided by public sector banks. More than 90 per cent of these accounts are standard as on March 31 this year, Finance Minister Nirmala Sitharaman told the Lok Sabha.
Over 10 lakh cr loans sanctioned under MUDRA Yojana
"Under the Pradhan Mantri Mudra Yojana (PMMY), 20.84 crore loan accounts totalling an amount of Rs 10.24 lac crore have been sanctioned up to November 1, 2019," Minister of State (IC) for Labour and Employment Santosh Kumar Gangwar said in a written reply to the Lok Sabha.
SBI under-reported bad loans by RS 11,932 crore in FY19, finds RBI report
New Delhi: The country's largest lender State Bank of India on Tuesday reported about Rs 12,000 crore divergence in their bad loans for the ...
RBI finds SBI under-reported bad loans by Rs 11,932 crore in FY19
The gross NPA of SBI was Rs 11,932 crore more at Rs 1,84,682 crore against Rs 1,72,750 crore.
HDFC Bank arm HDB Financial to raise $300 million in overseas loan
HSBC, State Bank of India, and Bank of Baroda are helping the company raise the loan.
Union Bank of India cuts MCLR by up to 10 bps across tenors
After the cut, Union Bank of India's one year MCLR now stands at 8.2 percent, down from 8.25 percent. According to a press release issued by the bank, the new rates will be effective from 11 December, 2019.
Now, BoB lowers MCLR lending rates by 20 bps
The rate reduction comes even as the RBI left key policy rates unchanged at the last meeting on December 5. The city-based lender has reduced its one-year MCLR rates, which all retail loans are linked to, only marginally by 5 bps to 8.25 percent.
PSBs disburse Rs 2.4 lakh crore credit in November
A government release said the programme announced in September was meant to improve credit delivery “with particular focus on MSMEs, NBFCs, corporates, retail and agriculture sector borrowers, without compromising prudential lending”.
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