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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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BoB to reduce MCLR by 15 basis points across tenors

BoB to reduce MCLR by 15 basis points across tenors

🕔18:44, 10.Jun 2020

New Delhi, June 10  State-run lender Bank of Baroda on Wednesday said that it will reduce its benchmark lending rate across various tenors by 15 basis points. Accordingly, the bank will reduce its marginal cost of funds based lending rates

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PSBs sanction Rs 17,705 cr collateral free loans for MSMEs

PSBs sanction Rs 17,705 cr collateral free loans for MSMEs

🕔16:58, 7.Jun 2020

New Delhi, June 7  Public sector banks (PSB) have so far sanctioned Rs 17,705.64 crore worth of loans under the 100 per cent government guaranteed Emergency Credit Line Guarantee Scheme. The scheme is part of the Aatmanirbhar Bharat economic package.

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Canara Bank slashes interest rates on loans upto 35 bps

Canara Bank slashes interest rates on loans upto 35 bps

🕔17:22, 6.Apr 2020

New Delhi, April 6  Canara Bank has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) on Loans and Advances across all tenors with effect from April, for the amalgamated entity. The bank has reduced interest rate by 35

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Air India may raise loans against Rs 2,500 cr GoI guarantee

Air India may raise loans against Rs 2,500 cr GoI guarantee

🕔09:36, 10.Oct 2019

New Delhi, Oct 10  State-run Air India hopes to meet its fund requirements by raising loans against the government guarantee for Rs 2,500 crore and run its business smoothly till the sale process concludes. “We have not decided on further

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Cabinet approves soft loan to sugar mills to pay farmers’ dues

Cabinet approves soft loan to sugar mills to pay farmers’ dues

🕔07:19, 1.Mar 2019

New Delhi, March 01  To facilitate payment of dues of sugar cane farmers for the current sugar season, the Cabinet Committee on Economic Affairs (CCEA) on Thursday approved the proposal to provide soft loans to the extent of about Rs

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World Bank approves $425 mn to improve Bangladesh bridges

World Bank approves $425 mn to improve Bangladesh bridges

🕔08:14, 27.Oct 2018

Dhaka, Oct 27  The World Bank has approved $425 million to improve road connections in Bangladesh through building, maintaining and improving rural bridges in a programme that will benefit two thirds of the country’s people. The Operation For Supporting Rural

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CBI arrests R.P. Info System directors in Rs 515 cr bank fraud

CBI arrests R.P. Info System directors in Rs 515 cr bank fraud

🕔20:03, 15.Mar 2018

New Delhi, March 15  The CBI on Thursday arrested two directors of Kolkata-based computer manufacturing firm R.P. Info System for allegedly cheating a consortium of banks to the tune of Rs 515.15 crore, an official said. Those arrested have been

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Over 55,000 loans granted under Stand-up India

Over 55,000 loans granted under Stand-up India

🕔10:21, 14.Mar 2018

New Delhi, March 14  As many as 55,522 loans have been sanctioned by banks under the Stand-up India scheme until March 7, Parliament was told on Tuesday. “The number of loans given by public sector, private and regional banks under

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Ukraine to get $1.2 bn in loans from Poland

Ukraine to get $1.2 bn in loans from Poland

🕔08:20, 16.Dec 2015

Kiev, Dec 16  Kiev will get a total of 1.1 billion euros (about $1.2 billion) in loans from Poland for infrastructure and trade development projects, Ukrainian President Petro Poroshenko announced here on Tuesday.Speaking at a joint briefing with visiting Polish

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