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.
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
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
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
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
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
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
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
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
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
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
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
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.
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
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
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
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
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
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
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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