Is SC's Essar Steel verdict key to solving India’s bad loan problem?
SC empowered banks to set the terms of the distribution of sale proceeds between creditors.
EarlySalary crosses 1 million loan disbursals
Founded in 2015, EarlySalary operates across 17 cities and has worked with over 250,000 unique ...
China central bank surprises by injecting 200 billion yuan via MLF loans, rate unchanged
The PBOC also said it has injected 200 billion yuan ...
Crisis doesn’t stop some India lenders getting global loans
Highly-rated firms have sought loans in the global market in recent months.
More people availing loans even as ticket sizes grow smaller: Satish Pillai, CIBIL
Largest growth segments across everything on the unsecured side is in semi urban and rural India.
Banks may be given incentive to extend loans in backward areas: RBI Dy Guv MK Jain
Speaking at an event organised by the National Bank for Agriculture and Rural Development (NABARD), Jain said despite impressive growth in formal agriculture granted, there are still several challenges which need to be tackled.
Ruchi Soya acquisition plans on track; loans secured: Patanjali
Refuting reports that Patanjali Ayurved was finding it tough to raise fresh loans of Rs 4,000 crore following a downgrade by a ratings agency, Patanjali Ayurved chief executive Acharya Balkrishna said the downgrade by CARE was based on factors which had no relation to corporate guarantee not being offered by Patanjali.
Q2 loan growth falls to DeMo lows: Credit Suisse
In Q2 loan growth in India has dropped to demonetisation lows of 6% , as NBFC lending has pulled back.
Government extends moratorium by 6 months on Rs 15,000 crore soft loan to sugar mills
The Centre had announced the loan package in two tranches -- first in June 2018 amounting to Rs 4,440 crore and the other in March 2019 of Rs 10,540 crore. The objective was to help millers in clearing cane arrears and divert surplus sugar for ethanol manufacturing.
Are millennials spawning next wave of NPA piles for banks?
The number of millennials, opting for a new loan grew 58% as against a 14% growth in non-millennial segment.
CG Power plans to re-examine accounts of previous three years
CG Power had in August stated that an investigation instituted by its board had found major governance and financial lapses, including some assets being provided as collateral and the money from the loans siphoned off by "identified company personnel, both current and past, including certain non-executive directors."
Unable to pay outstanding dues as banks have stopped lending: Amrapali buyers
The Supreme Court has clearly stated that buyers must deposit outstanding dues if they want their homes. However, home buyers are unable to get the remaining amount of their home loans disbursed as banks have stopped lending to Amrapali projects.
Anil Ambani dragged to court for $680 million unpaid loan
Three banks agreed to loan Ambani’s RCom money in 2012, which he has since defaulted on.
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