Bank of India eyes Rs 10,000 cr loan sales in special drive
"Our focus through this initiative is the MSME sector as demand from the corporate sector is not high," state-run Bank of India executive director CG Chaitanya told reporters. "Each zone has been given a disbursement target of Rs 200 crore during this initiative. We are aiming to disburse anything between Rs 7,500 and Rs 10,000 crore," he added.
UCO Bank cuts MCLR by 10 basis points across tenors
The revised one-year MCLR now stands at 8.30 per cent, down from the existing 8.40 per ce...
PNB Housing Fin clarifies on rumours about Omaxe group loan exposure
In a regulatory filing to exchanges, PNBHFL said the information about l...
Home Minister Amit Shah misleading country on Citizenship Bill: Congress
The government is trying to divide the people of the country and divert attention from the problems being faced by them, Congress General Secretary (organisation) K C Venugopal told.
Manipur will be brought under Inner Line Permit regime: Home Minister
The linguistic, cultural and social identity of the people of the Northeast would be preserved and this Bill contains the solution to the problems of the people of these states, as the provisions of the amendment have been incorporated after marathon deliberations with various stakeholders from northeast for last one month.
Actual retail loan growth could be lower: Report
Bulk of figures reflect the lending for purchase of NBFCs securitised retail loan pool, a report by Crisil said.
NBFC loan growth in FY20 to hit a 10 year low: Crisil
With the headwinds unlikely to dissipate soon, non- banks, especially the wholesale-focused ones without strong parentage, would need to make structural changes and reorient their business models, leading to a recalibration of their asset under management mix, Crisil said on Wednesday.
HDFC Bank cuts MCLR by up to 15 bps
Private sector lender, HDFC Bank, cut its marginal-cost based lending rate (MCLR) for all tenors by 15 basis points (bps). According to the bank’s website, it has cut the 6-month MCLR by 10 bps to 8 percent, 1-year rate by 15 bps to 8.15 percent
SBI reduces one-year MCLR by 10 bps
According the bank’s press release, this is its eighth consecutive MCLR cut this financial year.
Get a discarded container to build a swanky cafe, an office or your home
Besides being cost-effective and eco-friendly, these ‘container buildings’ — as they are called — are also strong. After all, shipping containers are made of steel for long journeys across oceans.
Leaving the nest to study abroad is hard. 3 ways a Student Travel Insurance is one of your most trusted friend in a foreign country
Watch: Amit Shah defends Citizenship Amendment Bill in Rajya Sabha
Union Home Minister Amit Shah today tabled the Citizenship Amendment Bill in Rajya Sabha, saying the legislation provides hopes for lakhs of...
Citizenship Amendment Bill passed in Rajya Sabha
The Rajya Sabha on Wednesday passed the Citizenship (Amendment) Bill, 2019, which seeks to give citizenship to non-Muslim migrants from Paki...
From farm to home, M&M Financial is doubling down on digital sales
M&M Financial cleverly evolved its business model to be on the right side of the evolving rural India scene.
No proposal for education loans waiver, says govt
In the last three years from 2016-17 to March 2019, the amount of outstanding education loans rose from Rs 67,685.59 crore to Rs 75,450.68 crore in September 2019, as per data provided by public sector banks. More than 90 per cent of these accounts are standard as on March 31 this year, Finance Minister Nirmala Sitharaman told the Lok Sabha.
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