Page 10 - Loans

Coronavirus will cost banks over $2 trillion in losses on loans: S&P Global

Around 60% of the losses are likely to be in Asia-Pacific, it added

Tata Motors announces six-month EMI holiday scheme on select models

The automaker said it is also offering affordable, step-up EMIs on long-tenure loans of up to eight years through its association with multiple financing partners

Distribution platforms look at offering loans against MF units to investors

Investors can get these loans at 9-10 per cent interest rate

How to claim income tax deduction for investments made in April - July 2020

One of the key points to note while accounting for these investments made from April to July is that a deduction once claimed in FY20 on an investment made, cannot be claimed again for FY21

Covid-19: Look for cheap loan options to raise cash as banks turn cautious

Go for secured credit options and make the most of assets like gold, house, car

Banks sanction over Rs 79,000-crore loans to 1.9 mn MSMEs, says govt

The top lenders under the scheme are SBI, HDFC Bank, Bank of Baroda, PNB and Canara Bank

We'd like to be seen as a full service new-age private bank: CSB Bank chief

In a Q&A, C V R Rajendran, MD & CEO, CSB Bank Ltd, dwells on how the lender turned around in FY20, after several years of losses

Mortgage norms: Tightened or relaxed?

From 50 per cent, a home finance firm's exposure to retail loans will go down to 37.5 per cent. Instead of a floor for retail loans, should the RBI look for a ceiling for wholesale loans?

'No merit in charging interest on interest' for deferred loan payments: SC

Complete waiver of interest during moratorium period might risk the financial stability of banks and this would put the interests of depositors in jeopardy, argued the govt in SC

Moratorium could be a costly affair, use these strategies to reduce burden

By how much your interest cost rises depends on a few factors, the first being loan tenure

Economics and welfare

There is merit in RBI's position on loan moratorium

Why most businesses, startups trying to register as MSMEs may not get loans

The government had last month announced loans worth Rs 3 trillion for an estimated 4.5 million MSMEs that are facing a liquidity crunch since last year

Centre warns banks on delays in disbursing Rs 3 trn loans to MSMEs

Urges units facing any such delay to write to it, assured corrective action and disbursement of loan

Charging interest during loan moratorium 'detrimental', says SC bench

Bench seeks reply from FinMin, RBI; next hearing June 12

MFIs see 50% recovery in June as rural borrowers avoid using moratorium

According to MFIs, the recoveries from rural areas in May were higher by 10-20 per cent compared to that in urban areas

Covid-19 crisis: Here's how you can manage your finances after job loss

Those who have been handed the pink slip shouldn't make too many loan queries

Bank of Maharashtra sanctioned Rs 2,789 cr in loans to MSMEs in 3 months

The bank said it was now gearing up to extend the stimulus package announced by Finance Minister Nirmala Sitharaman to restart business activities

RBI's decision to cut lending rate will make loans affordable: Sitharaman

The RBI reduced the repo rate by 40 basis points to a historic low of 4 per cent, besides extending loan moratorium for all retail and commercial borrowers by another three months till Aug 31

After pay cuts in corporate sector, youth look to P2P platforms for loans

With no upper limit, interest rates in this sphere can go as high as 35 per cent. However, even with high interest rates, many investors are turning down loan proposals.

Govt had Rs 1.35-trn outstanding loans from RBI in week to April 17

The central government had Rs 1.11 trillion in outstanding loans in the previous week, according to the RBI's weekly statistical supplement.