Air India extends bridge-loan bids for Boeing purchase to Nov 22
The selloff-bound airline had on October 30 floated bids from banks/ financial institutions to refinance its existing bridge-loan facility worth $819 million or worth over Rs 5,800 crore by November 14. The financial bids were to scheduled to be closed on November 14. The carrier is seeking to refinance six Boeing 787s and one B777.
NSE facilitates primary subscription for retail investors in State Development Loan auctions
The interest on SDL is received at half-yearly i...
Sterling and Wilson Solar plunges 20% as promoters fail to repay loan
The promoters were scheduled to pay Rs 2,563 crore to Sterling and Wils...
Global investors may make a beeline for bad loans
"With the Essar Steel judgment out, it has now become easier for distress asset transactions to happen. Now, it needs to be seen how banks open up to sell their sticky assets," says Jayesh Mehta, country treasurer, Bank of America.
China cuts key liquidity rate for first time since 2015
PBOC said that it was lowering the seven-day reverse repurchase rate to 2.50% from 2.55%.
Sterling & Wilson Solar promoters fail to honour loan commitment
Sterling and Wilson has sought more time to repay loans worth Rs 2.341 crore.
EarlySalary crosses 1 million loan disbursals
Founded in 2015, EarlySalary operates across 17 cities and has worked with over 250,000 unique customers. It had raised Rs 100 crore in January 2018 in a funding round which was led by Eight Roads Ventures (Fidelity).
Maha governor announces financial relief for rain-hit farmers
The relief entails Rs 8,000 per hectare up to two hectares for agricultural Kharif crops and Rs 18,000 per hectare up to two hectares for horticulture/perennial crops.
Crisis doesn’t stop some India lenders getting global loans
Highly-rated firms have sought loans in the global market in recent months.
Is SC's Essar Steel verdict key to solving India’s bad loan problem?
SC empowered banks to set the terms of the distribution of sale proceeds between creditors.
China central bank surprises by injecting 200 billion yuan via MLF loans, rate unchanged
The PBOC also said it has injected 200 billion yuan ($28.60 billion) into financial institutions via the liquidity tool.
More people availing loans even as ticket sizes grow smaller: Satish Pillai, CIBIL
Largest growth segments across everything on the unsecured side is in semi urban and rural India.
Ruchi Soya acquisition plans on track; loans secured: Patanjali
Refuting reports that Patanjali Ayurved was finding it tough to raise fresh loans of Rs 4,000 crore following a downgrade by a ratings agency, Patanjali Ayurved chief executive Acharya Balkrishna said the downgrade by CARE was based on factors which had no relation to corporate guarantee not being offered by Patanjali.
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