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Only legal loan apps to be hosted on app stores, says Centre

Only legal loan apps to be hosted on app stores, says Centre

🕔16:30, 9.Sep 2022

New Delhi, Sep 9 (IANS) The Reserve Bank of India (RBI) will prepare a “whitelist” of all the legal apps and the Union Ministry of Electronics and Information Technology will ensure that only these “whitelist” apps are hosted on app stores.

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Interest rates of small savings schemes static due to interest burden on banks

Interest rates of small savings schemes static due to interest burden on banks

🕔10:33, 19.Aug 2022

New Delhi, Aug 19 (IANS) The government has kept interest rates on small savings schemes unchanged since the past two years after they were last revised in the first quarter of 2020-21, even as banks have drastically hiked their home loan

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India extended concessional loans of over $12.3 bn to Africa: Jaishankar

India extended concessional loans of over $12.3 bn to Africa: Jaishankar

🕔08:55, 20.Jul 2022

New Delhi, July 20 (IANS) Being a trusted partner in the journey of socio-economic development, India has extended concessional loans of over $12.3 billion to Africa, External Affairs Minister S. Jaishankar said on Tuesday. The country has also granted $700 million

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HDFC hikes home loan rates for existing customers effective May 9

HDFC hikes home loan rates for existing customers effective May 9

🕔05:55, 8.May 2022

New Delhi, May 8 (IANS) HDFC on Saturday announced that it would raise its Retail Prime Lending Rate (RPLR) by 30 basis points. It would lead to an identical hike in home loan rates for exiting customers. The hike will come

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Himachal gets ADB loan of Rs 2,095 Cr for tourism infrastructure

Himachal gets ADB loan of Rs 2,095 Cr for tourism infrastructure

🕔17:18, 1.Dec 2021

Shimla, Dec 1 (IANS) Himachal Pradesh Chief Minister Jairam Thakur on Wednesday said the state has succeeded in getting in-principle approval of Rs 2,095 crore for the ADB Infrastructure Development Project for developing tourism infrastructures. He said that out of this

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FIIs’ fund outflows drag equities lower, banking stocks fall

FIIs’ fund outflows drag equities lower, banking stocks fall

🕔21:56, 29.Oct 2021

Mumbai, Oct 29 (IANS) Heavy foreign fund outflows as well as selling pressure continued to subdue India’s two key domestic indices for the third consecutive session on Friday. On Friday, FIIs sold Rs 5,142.63 crore on the BSE, the NSE and

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World Bank approves $ 125 mn support program to Kerala

World Bank approves $ 125 mn support program to Kerala

🕔14:21, 25.Jun 2021

Thiruvananthapuram, June 25 The World Bank Board of Executive Directors approved a $125 million program to support Kerala’s preparedness against natural disasters, climate change impacts, disease outbreaks and pandemics. The heavy monsoons of 2018 were the worst Kerala had seen in

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State-run banks to lend up to Rs 5 lakh for Covid treatment

State-run banks to lend up to Rs 5 lakh for Covid treatment

🕔07:33, 31.May 2021

New Delhi, May 31  Public sector banks (PSB) will provide unsecured personal loans of up to Rs 5 lakh to individuals for meeting their expenses of Covid treatment. The decision, which comes in the wake of the severe second wave

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Axis Bank offers term deposits without penalty on premature closure

Axis Bank offers term deposits without penalty on premature closure

🕔18:33, 11.Jan 2021

New Delhi, Jan 11  Axis Bank, India’s third-largest private sector bank, on Monday announced the removal of penalty on premature closure of all new retail term deposits booked on or after December 15, 2020 for a tenure of 2 years

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ICICI Bank crosses Rs 2 lakh crore mark in mortgage loan portfolio

ICICI Bank crosses Rs 2 lakh crore mark in mortgage loan portfolio

🕔07:21, 12.Nov 2020

Mumbai, Nov 12  ICICI Bank on Wednesday announced that its mortgage loan portfolio has crossed the Rs 2 lakh crore mark, making it the first private sector bank in India to achieve the feat. Announcing the achievement in a statement

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RBI extends ‘co-origination’ model of loans to all NBFCs

RBI extends ‘co-origination’ model of loans to all NBFCs

🕔13:17, 9.Oct 2020

Mumbai, Oct 9  The Reserve Bank of India (RBI) has extend the ‘co-origination’ model of lending to all non-banking financial companies (NBFC), including housing finance companies (HFC), to make all priority sector loans eligible for the scheme and give greater

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Centre to waive interest on interest during moratorium on loan up to Rs 2 cr

Centre to waive interest on interest during moratorium on loan up to Rs 2 cr

🕔18:20, 3.Oct 2020

New Delhi, Oct 3 In a major relief to thousands of individuals and MSME borrowers, the Centre in an affidavit informed the Supreme Court that it has taken a decision to waive “interest on interest” on loans up to Rs two

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Rs 1.63 lakh cr worth loans sanctioned under ECLGS

Rs 1.63 lakh cr worth loans sanctioned under ECLGS

🕔15:14, 13.Sep 2020

New Delhi, Sep 13 Banks have sanctioned loans worth over Rs 1.63 lakh crore to MSMEs and other eligible businesses so far, under the Emergency Credit Line Guarantee Scheme (ECLGS) for over 42 lakh borrowers, the Finance Ministry said on Sunday.

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ADB extends $500 mn loan for Delhi-Meerut RRTS Corridor

ADB extends $500 mn loan for Delhi-Meerut RRTS Corridor

🕔17:06, 8.Sep 2020

New Delhi, Sep 8  The Asian Development Bank (ADB) on Tuesday signed an agreement with the Indian government to extend a $500 million loan for building the 82-km, high-speed Delhi-Meerut Regional Rapid Transit System (RRTS) corridor. This will be the

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Govt provides further liquidity to discoms by higher working capital loan

Govt provides further liquidity to discoms by higher working capital loan

🕔18:04, 19.Aug 2020

New Delhi, Aug 19  The government has taken further steps to address liquidity issues affecting the discoms during the Covid-19 pandemic. It approved a special liquidity facility by way of additional working capital loan to be extended by state-owned financing

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

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

🕔17:48, 10.Aug 2020

Mumbai, Aug 10  The Union Bank of India on Monday announced a reduction in the marginal cost of funds-based lending rate (MCLR) by up to 15 basis points across tenors. The reduced MCLR would come into effect on Tuesday. This

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Yes Bank to trim corporate portfolio, focus on retail loans

Yes Bank to trim corporate portfolio, focus on retail loans

🕔17:07, 13.Jul 2020

New Delhi, July 13  Yes Bank will focus more on giving retail loans and to MSMEs and will trim its corporate loan portfolio. Bank’s CEO Prashant Kumar on Monday said that the ratio of the bank’s loan book was inclined

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HDFC Bank cuts interest rates on loans by 20 bps

HDFC Bank cuts interest rates on loans by 20 bps

🕔15:06, 7.Jul 2020

Mumbai, July 7  The HDFC Bank has reduced the marginal cost of funds-based lending rates (MCLR) on loans across tenors by 20 basis points with immediate effect. Following the reduction, MCLRs of the bank will range from 7.10 per cent

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Canara Bank lowers interest rates on loans by 10 bps

Canara Bank lowers interest rates on loans by 10 bps

🕔18:49, 6.Jul 2020

New Delhi, July 6  Canara Bank has reduced marginal cost of funds-based lending rate (MCLR) on loans and advances across all tenors with effect from July 7. The interest rate has come down by 10 basis points (bps). Accordingly, MCLRs

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Govt discussing with RBI on one-time loan rejig for stressed cos

Govt discussing with RBI on one-time loan rejig for stressed cos

🕔07:24, 26.Jun 2020

Chennai, June 26  Union Finance Minister Nirmala Sitharaman on Thursday said the government is discussing with the Reserve Bank of India (RBI) for loan restructuring of companies which are stressed owing to the Covid-19 pandemic. Speaking at a webinar organised

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