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
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
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.
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
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
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
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
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
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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