Loan Outreach: PSBs disburse Rs 2.5L Cr in Oct
As a part of its outreach programme, the public sector banks have disbursed Rs 2.53 lakh crore in loans in October. Loans to corporates accounted for Rs 1.23 lakh crore while NBFCs received disbursements of Rs 19627 crore. Finance Minister Nirmala Sitharaman had announced that PSBs would extend credit to farmers, MSMEs and prospective customers
Stress in rural households and loan defaults create woes for microfinance sector in Assam
Various organisations in the upper part of the nort...
Sebi tightens disclosure norms on loan defaults for listed companies
The move comes just a day after the board of Sebi approved a decision in...
PSU banks disburse Rs 2.52 lakh crore loans in October
The government in September had asked state-run banks to step up lending and hold outreach programmes or loans melas in 400 districts to lend to desirable shadow banks and retail borrowers. An amount of Rs 1.05 lakh crore was fresh lending, the Department Financial Services said in a statement.
CSB Bank to open 425 branches in 5 years
MD and CEO C V Rajendran said the bank with majority of branches in Kerala and Tamil Nadu will increase its presence in key geographical locations such as Maharashtra, Gujarat, Andhra Pradesh, Punjab, Telangana and Karnataka. `
Indian banks set to take a hit of $5 billion from DHFL writeoff
The company’s shares are down more than 90 per cent so far this year.
Arcil FY19 recovery at 10-year high
Bad loan aggregator managed to sell more than 1500 properties across the country last fiscal.
Sebi tightens disclosure norms on loan defaults
Sebi also extended the BRR requirement to top 1,000 companies, from 500 currently.
Top 10 banks' home loan interest rates
These 10 banks are offering the lowest home loan interest rates for salaried individuals.
Uber India plans free doctor access, micro loans for drivers
'Uber Plus' is an effort in that direction and will enable our driver partners to access greater benefits during their everyday journeys," said Prabhjeet Singh, Head of Cities, Uber India and South Asia.
CSB to focus on expanding gold loans and SME vertical: CVR Rajendran
Fairfax's shareholding in Catholic Syrian Bank will come down from 50.09% to 49.74% after IPO.
Personal guarantees may aid bad loan resolution
In a notification on November 15, the ministry of corporate affairs (MCA) included personal guarantees on corporate loans under the bankruptcy code effective from December 1. The promoters who have given personal guarantees include Jet Airways founder Naresh Goyal & The Ruia family which just last week lost its Rs 42,000 crore battle to keep Essar Steel.
Govt considering forex loan at cheaper rate to exporters, higher insurance cover to banks: Goyal
“The proposal is presently under consideration,” he said in a written reply to a question in Lok Sabha on whether the government proposes to provide foreign exchange loan at cheaper rate of interest to the exporters.
GHMC to raise Rs 2,500 crore via rupee term loan
SBI Capital Markets (SBICAP) has been appointed as the arranger to raise the funds.
YES Bank recovers after slipping 3% on divergence in bad loans for FY19
The divergence in net NPAs of the bank stood at Rs 2,299 crore for 2018-19.
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